Analyst Update: Apple, Hortonworks, and Stratasys

Analysts adjusted their ratings on Apple Inc. (AAPL), Hortonworks Inc (HDP), and Stratasys, Ltd. (SSYS)

Aug 6, 2015 at 1:42 PM
facebook twitter linkedin


Analysts are weighing in today on Dow component Apple Inc (NASDAQ:AAPL), tech solutions firm Hortonworks Inc (NASDAQ:HDP), and 3D printing concern Stratasys, Ltd. (NASDAQ:SSYS).

  • HDP is more than 17% higher at $28.32, after reporting better-than-expected second-quarter earnings and offering upbeat revenue guidance. In the wake of the earnings surprise, brokerages jumped all over Hortonworks Inc. Pacific Crest raised HDP's price target to $33 from $32, JMP Securities elevated its target to $32 from $30, RBC and Wunderlich both lifted their targets to $36 from $32, and Credit Suisse hiked its target by $5 to $40 -- deep into uncharted territory. The stock could be benefitting from an unwinding of pessimism from short sellers. A hefty 26.2% of HDP's float is currently sold short, and it would take more than 17 days to exhaust the bears' negative bets, at the stock's average pace of trading. 

  • We round out today's update with SSYS, which is 7.1% higher at $30.01, thanks to a bullish brokerage note and sector tailwinds from 3D Systems Corporation (NYSE:DDD).  Specifically, Stratasys, Ltd. was elevated to "buy" from "neutral" at Citigroup. The 3D printer is now challenging resistance in the $30 region, and continues to stare up at its 10-week moving average. This trendline has bullied the stock lower since the beginning of October. Despite this poor performance -- SSYS just hit a three-year low earlier this week -- option players are bullish toward the firm, as SSYS's SOIR of 0.66 is at a 52-week low. If the stock cannot break through the resistance, this optimism could unwind and further the stock's slump.
For other stocks in analysts' crosshairs, read Analyst Upgrades: GoDaddy Inc., Coca-Cola Enterprises Inc, and Herbalife Ltd. and Analyst Downgrades: CBS Corporation, Keurig Green Mountain Inc, and Zumiez Inc. 
 

Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 

 


 


 
Special Offers from Schaeffer's Trading Partners