Analyst Upgrades: Yahoo! Inc., Solaredge Technologies Inc, and Take-Two Interactive Software, Inc.

Analysts upwardly revised their ratings and price targets on Yahoo! Inc. (YHOO), Solaredge Technologies Inc (SEDG), and Take-Two Interactive Software, Inc. (TTWO)

by Alex Eppstein

Published on Feb 4, 2016 at 9:38 AM
Updated on Feb 4, 2016 at 10:02 AM

Analysts are weighing in on online media maven Yahoo! Inc. (NASDAQ:YHOO), alternative energy issue Solaredge Technologies Inc (NASDAQ:SEDG), and video game guru Take-Two Interactive Software, Inc. (NASDAQ:TTWO). Here's a quick roundup of today's bullish brokerage notes on YHOO, SEDG, and TTWO.

  • After yesterday hitting a two-year low of $26.57 following a poorly received earnings report, YHOO is up 1.3% at $28.04 this morning. Helping the shares is an upgrade to "buy" from "neutral" at Citigroup, which also bumped its price target to $32 from $31, citing the company's buyout potential. This is helping to offset a price-target cut to $40 from $49 at Jefferies. If short sellers have their druthers, Yahoo! Inc. shares will resume their downside momentum. During the most recent reporting period, short interest on YHOO shot 15.1% higher, and now accounts for 7.5% of the stock's total float.

  • SEDG topped expectations in the earnings confessional last night, prompting three analysts to upwardly adjust their price targets on the stock. Setting the bar the highest is Northland Capital, which raised its outlook to $37 from $34, territory not explored since July. On the other hand, Canaccord Genuity cut its price target by $9 to $36. At last check, Solaredge Technologies Inc is trading 9.6% higher at $28.97 -- up nearly 93% from its all-time low of $15.02 from November. Given this technical tenacity, it comes as no surprise that the brokerage crowd would be in the stock's bullish corner. Of the nine analysts tracking SEDG, eight have doled out a "buy" or better rating, and its consensus 12-month price target of $35.80 stands at a more than 30% premium to current trading levels.

  • TTWO has soared 7.3% to $35.23, after the company posted an earnings beat and raised its full-year forecast. Wall Street is cheering the results, as evidenced by a round of no fewer than nine price-target hikes. Jefferies led the way, bumping its outlook to $48 from $44 -- in record-high territory for the shares. Technically speaking, Take-Two Interactive Software, Inc. has been rock-solid, rallying 22.5% year-over-year. With today's surge, short sellers could be forced to hit the exits. A lofty 17.1% of TTWO's float is dedicated to short interest, which would take more than two weeks to cover, at the stock's typical daily trading levels.
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