Analyst Update: Alibaba, IBM, and Under Armour

Analysts adjusted their ratings on BABA, IBM, and UA

Oct 24, 2014 at 1:45 PM
facebook X logo linkedin


Analysts are weighing in today on e-commerce site Alibaba Group Holding Ltd (NYSE:BABA), blue chip International Business Machines Corp. (NYSE:IBM), and athletic apparel company Under Armour Inc (NYSE:UA). Here's a quick look at today's brokerage notes on BABA, IBM, and UA.

  • BABA has rallied 2.5% to $96.81, boosted by an "outperform" initiation and $110 price target at BMO. This positive analyst attention is par for the course for the Wall Street newcomer. All six brokerage firms covering Alibaba Group Holding Ltd have assigned it a "strong buy" rating. What's more, just 2.1% of BABA's float is sold short, which would take less than one session to buy back, at the equity's typical daily trading volumes.

  • IBM is off 0.3% at $161.67, following a price-target cut to $180 from $190 at Cowen -- which also reiterated its "market perform" assessment. This is just the latest in a series of bearish brokerage notes doled out on the shares since the company's disappointing earnings report earlier this week. Technically, International Business Machines Corp. is now sitting on a year-to-date loss of 13.8%, and has underperformed the broader S&P 500 Index (SPX) by more than 13 percentage points over the last month. As alluded to, the Street is decisively skeptical of the tech stock. IBM has received just four "buy" or better ratings from analysts, relative to 14 "hold" or worse ratings. Plus, the stock's consensus 12-month price target of $170.57 stands at a slim 5.5% premium to current trading levels.

  • UA is down 0.5% this afternoon at $64.04 -- but remains nearly 47% higher year-to-date -- after the latest round of analyst updates. Specifically, Goldman Sachs and Keybanc boosted their respective price targets to $62 (from $60) and $45 (from $41), respectively, while maintaining their "neutral" and "underweight" ratings. On the flip side, UBS cut its outlook to $68 from $70, while highlighting its "neutral" assessment of the shares. Taking a step back, there's plenty of room for Under Armour Inc to benefit from additional bullish brokerage notes. Twelve out of the 23 analysts covering the equity have handed out "hold" or worse ratings. Plus, UA's consensus 12-month price target of $70.60 stands just 10% above the current share price.
 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI