Analysts adjusted their ratings and price targets on FireEye Inc (FEYE), Newmont Mining Corp (NEM), and Godaddy Inc (GDDY)
Analysts are weighing in on cybersecurity stock
FireEye Inc (NASDAQ:FEYE), gold mining guru
Newmont Mining Corp (NYSE:NEM), and domain marketplace
Godaddy Inc (NYSE:GDDY). Here's a quick roundup of today's brokerage notes on FEYE, NEM, and GDDY.
- FEYE is once again selling off amid bearish analyst attention. The stock is off 2.6% today at $13.44, after a price-target cut to $22 from $24 at Citigroup. FireEye Inc's technical performance has been putrid in recent months, as it's trailed the S&P 500 Index (SPX) by 35 percentage points over the past 60 sessions, and just touched a record low of $11.35 last week. Still, we may not have seen the last of FEYE's analyst-induced losses. That is, nine of 22 brokerage firms still consider it "strong buy," with none calling it a "sell."
- Conversely, analysts have been warming up to NEM in recent weeks, and it's no wonder why: the shares are up 25% month-to-date, including a 0.8% pop today to trade at $25.02. Jefferies and CIBC raised their respective price targets overnight to $28 and $28.50, following the gold miner's fourth-quarter earnings results. In the options pits, short-term speculators have taken a call-skewed approach toward Newmont Mining Corp. This is according to the stock's Schaeffer's put/call open interest ratio (SOIR) of 0.64, which is lower than 76% of readings from the past year.
- With its 5.3% loss today at $27.57, GDDY is now 22% below its record high of $35.35 from early December. Despite a 14% spike in revenue during the most recent quarter, the company's current-quarter sales outlook and warning about currency headwinds disappointed most on the Street -- but apparently not Deutsche Bank. The brokerage firm raised its price target to $36 from $34. Regardless, Godaddy Inc's price action likely pleases option traders. The stock's 50-day put/call volume ratio at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) stands at 1.72.
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