Analyst Upgrades: Alibaba, Cyberark Software, Tableau

Analysts upwardly revised their ratings on Alibaba Group Holding Ltd (NYSE:BABA), Cyberark Software Ltd (NASDAQ:CYBR), and Tableau Software Inc (NYSE:DATA)

May 8, 2015 at 9:45 AM
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Analysts are weighing in today on Chinese Internet giant Alibaba Group Holding Ltd (NYSE:BABA), cybersecurity concern Cyberark Software Ltd (NASDAQ:CYBR), and software stock Tableau Software Inc (NYSE:DATA). Here's a quick roundup of today's bullish brokerage notes on BABA, CYBR, and DATA.

  • Some bullish analyst attention has BABA moving higher once again, with the shares up 2.3% at $88. No fewer than six brokerage firms raised their price targets on the stock, while Goldman Sachs upgraded the shares to "buy" from "neutral." However, RBC Capital cut its price target to $110 from $115. Also in the news is a possible deal between Alibaba Group Holding Ltd and Micromax Informatics, with the e-commerce giant reportedly in talks to buy a stake in the smartphone maker for $1.2 billion. A quick look inside the options pits shows over two BABA calls have been bought to open for each put during the past two weeks at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX). 

  • Analysts are weighing in on CYBR, after the company impressed the Street last night with its first-quarter earnings. Oppenheimer raised its price target to $70 from $65, while Barclays upped its mark to $65 from $50. There could be additional price-target hikes coming for the shares, considering their average 12-month price target sits at $54.20 -- a discount to current trading levels. What's more, five of eight brokerage firms tracking Cyberark Software Ltd maintain a "hold" or worse rating, even though the security has added almost 62% in 2015 alone -- so don't be surprised to see positive analyst attention come the stock's way. CYBR was last seen 4.4% higher at $64.19.

  • DATA has taken off, adding 13.5% to trade at $110.63 -- and earlier hit an all-time high of $111.11 -- after the company reported fantastic first-quarter numbers. In response, no fewer than 16 brokerage firms have raised their price targets, with Cantor's target of $158 being the highest, representing a nearly 43% premium to current levels. Tableau Software Inc's upside move is likely good news for the stock's speculators. DATA's Schaeffer's put/call open interest ratio (SOIR) comes in at 0.67, indicating call open interest outstrips put open interest among contracts expiring within three months.


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