Stock analysts this week were busy with upgrades, price-target changes and initiations of coverage.
Roku (ROKU) was upgraded by KeyBanc analyst Justin Patterson to overweight from sector weight with a $518 price target. The analyst said the streaming platform "is becoming a key enabler of the direct-to-consumer video ecosystem."
Norwegian Cruise Line (NCLH) , Carnival (CCL) , and Royal Caribbean (RCL) were all upgraded to outperform from neutral by Macquarie analyst Paul Golding, who acted on the easing of the coronavirus crisis.
Tripadvisor (TRIP) was upgraded to buy from neutral at Citi, which estimated the travel-planning company's subscription offering, Tripadvisor Plus, could attract 10 million subscribers, "creating an additional $1 billion of high-margin revenue."
Price Target Change
Macquarie analyst Chad Beynon raised his price target for Imax (IMAX) to $25 from $24 while keeping an outperform rating on the motion picture technology company after Imax's fourth-quarter earnings beat. Benchmark analyst Mike Hickey also raised his target on Imax to $24 from $22 while keeping a buy rating.
UBS analyst Markus Mittermaier raised his price target for General Electric (GE) to $15 from $14. The analyst affirmed a buy rating on the stock. Morgan Stanley analyst Jashua Pokrzywinsk lifted his price target on GE by $4, to $17 per share.
Some analysts lowered their price targets for Okta (OKTA) as they reacted to the identity-verification software maker’s weak earnings outlook and planned $6.5 billion purchase of smaller rival Auth0 for stock.
Susquehanna analysts initiated coverage of Bumble (BMBL) at positive, which put a $78 price target on the dating-app company.