Analyst Upgrades: Agios Pharma, Alibaba, Royal Gold

Analysts upwardly revised their ratings and price targets on Agios Pharmaceuticals Inc (AGIO), Alibaba Group Holding Ltd (BABA), and Royal Gold, Inc (USA) (RGLD)

Jun 13, 2016 at 10:16 AM
facebook X logo linkedin

Analysts are weighing in on biotech Agios Pharmaceuticals Inc (NASDAQ:AGIO), Chinese e-tailer Alibaba Group Holding Ltd (NYSE:BABA), and precious metals stock Royal Gold, Inc (USA) (NASDAQ:RGLD). Here's a quick roundup of today's bullish brokerage notes on AGIO, BABA, and RGLD.

  • AGIO is up 4.9% at $52.82, after the company revealed upbeat data on its AG-348 drug to treat PK deficiency -- which has helped the stock pare Friday's losses related to AG-519 studies. A duo of bullish brokerage ratings is also propelling AGIO higher, after Canaccord Genuity upgraded the stock to "buy" from "hold" and hiked its price target to $90 from $50, and J.P. Morgan Securities upgraded AGIO to "overweight." Although AGIO has lost half of its value year-over-year, it seems to have found a foothold atop its 50-day moving average. Short interest in the stock is elevated, with 19.9% of Agios Pharmaceuticals Inc's float sold short -- an amount that would take traders nearly two weeks of trading, and AGIO's average daily volume, to cover.
  • BABA is down 1.1% at $75.09, ahead of today's corporate analyst meeting and amidst the latest bidding-war rumors for core Yahoo! Inc (NASDAQ: YHOO) assets. The stock is shrugging off an upbeat analyst note, after Citigroup raised its price target to $98 from $95.60. BABA has found a foothold in the $74-$75 area -- home to its 200-day moving average -- although the shares have had difficulty surmounting the $82 mark (and year-to-date breakeven) in 2016. Still, 16 of 18 analysts rank BABA a "buy" or better, without a single "sell" to be found. 

  • RGLD is down 0.2% at $65.44, despite a price-target hike to $66 from $60 by RBC. Royal Gold, Inc (USA) was just one of many gold stocks to rally last week, as June rate-hike expectations faded and global "Brexit" fears sparked "safe haven" demand. The stock is up 80% in 2016, and touched an annual high of $67.97 on Friday. As such, a short-term breather could be in the cards, as RGLD's 14-day Relative Strength Index (RSI) of 69 toes the line of "overbought" territory. Bulls have been hot on the stock of late, with RGLD's 10-day call/put volume ratio at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE) and NASDAQ OMX PHLX (PHLX) sitting at a staggering 23.3, higher than 98% of all other readings from the past year. 
Sign up now for Schaeffer's Opening View newsletter to get a head start on all the major pre-market news!

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 calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI