Analyst Update: eHealth, Inc., Palo Alto Networks, Inc., and GoPro, Inc.

Analysts adjusted their ratings on eHealth, Inc. (EHTH), Palo Alto Networks Inc (PANW), and GoPro Inc (GPRO)

by Mark Fightmaster

Published on Jul 6, 2015 at 2:02 PM

Analysts are weighing in today on online health insurer eHealth, Inc. (NASDAQ:EHTH), network security company Palo Alto Networks Inc (NYSE:PANW), and wearable action camera producer GoPro Inc (NASDAQ:GPRO). Here's a quick look at today's brokerage notes on EHTH, PANW, and GPRO.

  • EHTH is more than  11% higher at $13.49 this afternoon, following an upgrade to "outperform" from "sector perform" from RBC. What's more, the analysts upped their price target to $16 from $14, citing upbeat short-term Medicare prospects. Since the end of April, the stock has kicked sideways between $12 and $13. While this morning's upgrade -- and a sector halo lift -- has propelled the shares higher, the equity is still trading below $14, which hasn't been toppled on a daily closing basis since EHTH's mid-January bear gap. The good news is that there is plenty of room for analysts to follow RBC's example, as eight of the 10 brokerage firms tracking EHTH rate it a "hold" or worse. Perhaps an upgrade or two, combined with the recent pop in the insurance sector thanks to Obamacare's recent legal win, could help eHealth, Inc. break north of its trading range.
  • PANW is slightly higher this afternoon, after Cowen and Company issued an upgrade to "outperform" from "market perform" and elevated its price target to $205 from $175. With the stock currently trading near $174.40, the new price target represents a 17.5% gain, and stands in uncharted waters. While the stock has pulled back since touching an all-time high of $185 in mid-June, it has settled on its 10-week moving average. Shares of the security giant haven't finished a week below this trendline in more than a year. One thing is certain: Palo Alto Networks Inc deserves to be on your list of cybersecurity stocks to watch.  
  • GPRO hasn't done quite as well today, as it has dropped nearly 3% to sit at $50.24. Bright and early this morning, Goldman Sachs initiated coverage on GPRO with a lukewarm "neutral" rating. On the charts, the shares are testing their 20-week moving average for support. Off the charts, GoPro Inc introduced its new HERO4 Session -- the "smallest, lightest, most convenient GoPro yet." The new camera is 50% smaller and 40% lighter than GPRO's HERO4 Black and Silver cameras. In addition, the HERO4 Session is waterproof -- so you will be able to see updates from the Fightmaster family vacation; who doesn't want to see me on a stand-up paddleboard?

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