Analyst Downgrades: GoPro, Walt Disney, and Marvell

Analysts downwardly revised their ratings on GoPro Inc (NASDAQ:GPRO), Walt Disney Co (NYSE:DIS), and Marvell Technology Group Ltd. (NASDAQ:MRVL)

Sep 8, 2015 at 9:53 AM
facebook X logo linkedin


Analysts are weighing in on wearable camera maker GoPro Inc (NASDAQ:GPRO), blue chip Walt Disney Co (NYSE:DIS), and chipmaker Marvell Technology Group Ltd. (NASDAQ:MRVL). Here's a quick roundup of today's bearish brokerage notes on GPRO, DIS, and MRVL.

  • GPRO has jumped 1.3% out of the gate to $37.31, despite a price-target cut to $50 from $70 at Baird. Longer term, shares of GPRO have surrendered 43% since hitting their most recent high of $65.49 on Aug. 10. This negative analyst note just echoes the recent trend seen among the brokerage bunch, but there's plenty of room on GoPro Inc's bearish bandwagon, should the stock resume its longer-term downtrend. No fewer than 71% of analysts maintain a "buy" or better rating, with not a single "sell" to be found. Plus, the average 12-month price target of $73.71 sits in territory not charted since last December.

  • DIS is extending its lead north of the century mark -- a level surrendered by the stock during a recent pullback -- up 1.7% at $102.69. Reports of new streaming partnerships appear to be overshadowing a price-target cut to $104 at Moffett Nathanson, which also weighed in on one social media heavyweight. On the sentiment front, option traders have been buying to open puts over calls at a near-annual-high clip in recent months. Specifically, Walt Disney Co's 50-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) put/call volume ratio of 0.82 ranks in the 99th annual percentile.

  • J.P. Morgan Securities lowered its outlook on MRVL to "neutral" from "overweight," and cut its price target to $12 from $16.50 -- the second from the brokerage firm in recent weeks. At last check, MRVL is down 0.5% at $10.80, widening its year-to-date deficit to 26%. Meanwhile, in the options pits, short-term speculators are more put-heavy than usual, per Marvell Technology Group Ltd.'s Schaeffer's put/call open interest ratio (SOIR) of 0.36, which ranks higher than 87% of all comparable readings taken in the past year.
Get the skinny on all the biggest stories of the morning… Sign up now to get Schaeffer's Midday Market Check delivered straight to your inbox!
 

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