Q2 STOCKS TO BUY

Analyst Upgrades: eBay, BioMarin Pharma, Ulta Salon

Analysts upwardly revised their ratings on eBay Inc (EBAY), BioMarin Pharmaceutical Inc. (BMRN), and Ulta Salon, Cosmetics & Fragrance, Inc. (ULTA)

Mar 13, 2015 at 9:08 AM
facebook X logo linkedin


Analysts are weighing in today on online auction house eBay Inc (NASDAQ:EBAY), drugmaker BioMarin Pharmaceutical Inc. (NASDAQ:BMRN), and beauty retailer Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA). Here's a quick roundup of today's bullish brokerage notes on EBAY, BMRN, and ULTA.

  • EBAY received an upgrade to "positive" from "neutral," and a price-target hike to $75 from $59, at Susquehanna. On the charts, the stock -- 1% higher ahead of the bell -- has had a solid start to the year, helped by an early February bounce from its 200-day moving average. Specifically, the equity has added nearly 6% in 2015 to perch at $59.41, and notched a record high of $60.93 on Monday. If eBay Inc continues to trek higher, it could be met with additional bullish brokerage notes. Currently, over half of the analysts tracking the shares have doled out a "hold" or worse rating, and EBAY's consensus 12-month price target of $59 rests below current trading levels.

  • BMRN is pointed 2% higher in electronic trading, after receiving a price-target bump to $135 to $125 at Jefferies -- which also reiterated its "buy" opinion. Technically speaking, the shares have surged nearly 49% year-over-year, and at $115.59, they could topple their early March all-time peak of $116.70 this morning. Taking a step back, analysts are already firmly planted in BioMarin Pharmaceutical Inc.'s corner. Thirteen of 16 covering analysts rate the stock a "buy" or better, versus just three "holds" and not a single "sell." However, additional price-target hikes could be forthcoming, considering BMRN's average 12-month price target of $119.21 is just a chip-shot away from current levels.

  • Finally, ULTA is poised to jump 7% out of the gate, following a strong showing in the earnings confessional. Analysts responded positively to the company's better-than-expected results, with Sterne Agee, Oppenheimer, Baird, and Cowen each lifting their respective price targets and underscoring the equivalent of "buy" ratings. In recent months at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), traders have been buying to open puts over calls at a faster-than-usual rate. Specifically, Ulta Salon, Cosmetics & Fragrance, Inc.'s 50-day put/call volume ratio of 1.42 ranks in the 94th percentile of its annual range. On the charts, though, the shares show no signs of slowing down -- up nearly 62% year-over-year at $144.82, and fresh off Thursday's record high of $145.90.
 
 

“Buy This Stock Now!” - Expert Who Called 11x On TSLA

He called a rare 11x on Tesla…

But now, thanks to Elon & Trump’s new alliance…

He says there’s a new opportunity that could be 1,000x BIGGER than Tesla – and it could completely revolutionize a $23 Trillion market.

It’s trading for less than $5 per share right now…

But it won’t be under the radar for long.

Discover The 1,000x Bigger Elon Opportunity Here

GRAND SLAM COUNTDOWN

 
 

Featured Articles from Trusted Partners:

👀Learn How Dividends Create Passive Income for Life
Receive $200 Off Motley Fool Epic. The Motley Fool Epic $299 discounted offer is based on $499/year list price. Introductory promotion for new members only. Take control of your money and your portfolio with Motley Fool Epic.

💵New Income System Could Pay You $4,243 Monthly
You could collect an average of $4,243 per month starting as early as next week with a new payout system for income investors. New registrations are being accepted for investors who want to be in a position to start with their first payout next week.

🚀Easy 92% Crypto Dividends (No Coins Required)
COIN stock doesn't pay a dividend... But there's actually a new way to collect a massive dividend that's indirectly based on the stock and offers a terrific monthly income (currently yielding nearly 92% on a forward basis).

🤝Free Advisor Match with Wiseradvisor.com
Don't leave your retirement to chance! Get matched with a trusted financial expert for FREE and make the most of your tax refund. Get started now.

⚠️Dennis Quaid's #1 Warning for Americans
Here's the thing: life doesn't come with guarantees. The economy shifts, markets stumble, and years of hard work could slip through your fingers like sand. But it doesn't have to be that way for you. So request a free copy of this Gold & Silver Guide that will arrive right to your doorstep when you act now.

 

 
 

Follow us on X, Follow us on Twitter