Analyst Update: ISIS Pharma, LinkedIn, Lululemon

Analysts revised their ratings on ISIS Pharmaceuticals, Inc. (ISIS), LinkedIn Corp (LNKD), and Lululemon Athletica inc. (LULU)

May 4, 2015 at 1:41 PM
facebook X logo linkedin


Analysts are weighing in today on drugmaker ISIS Pharmaceuticals, Inc. (NASDAQ:ISIS), professional networking name LinkedIn Corp (NYSE:LNKD), and athletic apparel maker Lululemon Athletica inc. (NASDAQ:LULU). Here's a quick look at today's brokerage notes on ISIS, LNKD, and LULU.

  • ISIS was temporarily halted this morning, after the company said Bayer bought the rights to its anti-clotting drug. The stock was last seen 3.6% higher at $60.33, and BMO and Needham expect a rally to record highs. Specifically, the firms upped their price targets to $95 and $88, respectively, and reiterated the equivalent of a "buy" rating. ISIS Pharmaceuticals, Inc. will step up to the earnings plate bright and early tomorrow, and option players have been upping the bearish ante. On the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the stock's 10-day put/call volume ratio of 0.51 stands higher than 80% of all other readings from the past year. The stock has averaged a single-session post-earnings move of 3.5% over the past eight quarters, but its near-term at-the-money straddle is pricing in a 6.5% move. On the charts, meanwhile, ISIS is just off a test of support in the $55-$56 neighborhood, which has contained the equity's pullbacks since December. 
  • LNKD is still taking heat from Friday's ugly guidance, with the shares off 1.4% at $202.29. Pressuring the stock was a price-target cut to $250 from $300 at FBN Securities, and a reduction to $220 from $275 at Baird (though Argus upped its rating on the equity to "buy"). The shares have surrendered roughly 20% so far in May, bringing their 14-day Relative Strength Index (RSI) to 18 -- in oversold territory. However, the stock could extend its journey to seven-month lows, should more analysts abandon the bullish bandwagon. Currently, LNKD boasts 19 "buy" or better endorsements, compared to eight "holds" and just one "strong sell." Plus, the average 12-month price target of $257.49 represents a premium of 27.3% to LinkedIn Corp's current price.
  • LULU, on the other hand, is flirting with a 1.4% gain at $64.46, thanks to an "outperform" initiation at RBC. In addition, the brokerage firm implemented a price target of $77 -- a neighborhood not explored since October 2013. Since bouncing off support at its 80-month moving average in October 2014, the shares of LULU have soared more than 70%. However, option traders aren't convinced, as the equity's 10-day ISE/CBOE/PHLX put/call volume ratio of 1.90 stands higher than 98% of all other readings from the past year, suggesting buyers are picking up puts over calls at a rapid-fire clip. Likewise, short interest represents more than a week's worth of pent-up buying demand, at Lululemon Athletica inc.'s average pace of trading. Should the stock extends its journey higher, a mass exodus of option bears or a short squeeze could add fuel to LULU's fire.
 

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