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