Analyst Update: GoPro, Twitter, and UnitedHealth

Analysts adjusted their ratings on GoPro Inc (GPRO), Twitter Inc (TWTR), and UnitedHealth Group Inc. (UNH)

Mar 25, 2015 at 11:33 AM
facebook twitter linkedin


Analysts are weighing in today on wearable camera maker GoPro Inc (NASDAQ:GPRO), microblogging platform Twitter Inc (NYSE:TWTR), and blue chip UnitedHealth Group Inc. (NYSE:UNH). Here's a quick look at today's brokerage notes on GPRO, TWTR, and UNH.

  • FBN Securities reiterated its "outperform" rating and $75 price target on GPRO, with the analysts saying in a statement that they "strongly recommend purchase as the company continues to grow at robust growth rates … while its shares have meaningfully pulled back." Today, the shares are up 1.2% to hit $42.33, trimming their year-to-date loss to 33%. Short sellers have taken notice of this negative price action, as short interest has increased by 18.8% over the past two reporting periods, and now accounts for 37.6% of GoPro Inc's available float. Meanwhile, the brokerage bunch is mostly bearish on the equity, as eight out of 13 covering analysts rate the stock a "hold" or worse, with the remaining five doling out "strong buy" opinions.

  • On the other hand, Pivotal Research cut its rating on TWTR to "hold" from "buy," sending the shares down 2.1% to hit $50.40. Looking back, Twitter Inc has been on fire in 2015, up roughly 40.6%. However, puts have been popular in the options pits, as TWTR's Schaeffer's put/call open interest ratio (SOIR) of 0.81 sits in the 80th percentile of its annual range. Simply stated, short-term traders have rarely been this put-skewed over the past year. Additionally, the security's consensus 12-month price target of $53.43 is a chip-shot away from current levels, leaving plenty of room for potential price-target hikes to boost the equity higher.

  • UNH received a round of analyst attention this morning, as Mizuho Securities initiated coverage on the equity with a "buy" rating and a $140 price target, while UBS reaffirmed its "buy" opinion and hiked its price target by $4 to $135. On the charts, United Health Group Inc. -- which notched a fresh-all time high of $121.53 on March 20 -- has been a technical juggernaut, with the shares up 17.2% year-to-date to hit $118.47, including a 0.3% gain today. Sentiment in the options pits is more put-skewed than usual, though, as UNH's SOIR of 1.07 ranks in the 68th percentile of all equivalent readings taken over the past year. Furthermore, the stock's consensus 12-month price target of $126.35 stands at only a 6.2% premium to current trading levels, paving the way for a round of price-target hikes to provide tailwinds.
 

Now is the time to join our thriving community of Event Traders who consistently profit from every earnings season. With this discounted subscription opportunity, you'll stay ahead of the curve and seize opportunities others miss. Do not let Q3 earnings season pass you by – subscribe now and supercharge your portfolio with expert insights that turn market reactions into profit-generating opportunities!! Don't waste another second... join us right now before the next trade targeting +200% is released!