Analyst Upgrades: EXACT Sciences Corporation, Monster Beverage Corporation, and Tripadvisor Inc

Analysts upwardly revised their ratings and price targets on EXACT Sciences Corporation (EXAS), Monster Beverage Corporation (MNST), and Tripadvisor Inc (TRIP)

Jun 15, 2016 at 10:13 AM
facebook X logo linkedin

Analysts are weighing in on biotech EXACT Sciences Corporation (NASDAQ:EXAS), energy drink maker Monster Beverage Corporation (NASDAQ:MNST), and travel stock Tripadvisor Inc (NASDAQ:TRIP). Here's a quick roundup of today's bullish brokerage notes on EXAS, MNST, and TRIP.

  • EXAS is up 10.9% at $10.40 ahead of an appearance today at the William Blair Growth Stock Conference. Sparking today's jump is a price-target hike to $12 from $9 at Canaccord Genuity. EXACT Sciences Corporation has more than doubled since hitting a five-year low of $4.67 in March, and yesterday, reclaimed its 200-day moving average for the first time since July. EXAS remains a long-term laggard, though, down 61% year-over-year, thanks in part to last October's bear gap. Short sellers have been betting on more losses, too, considering 21.2% of the stock's float is sold short. 
  • MNST is up 1.1% at $154.72, after SunTrust Robinson raised its price target to $145 from $140. Additionally, the company announced the results of its $2 billion tender offer following yesterday's shareholder's meeting. Technically, Monster Beverage Corporation has surged 37% since hitting an annual low of $113.08 in mid-February, and came within a chip-shot of taking out its Dec. 7 record high of $160.50 last Thursday. While nine of 12 analysts rate MNST a "buy" or better, speculative players aren't so sure. Short interest, for instance, jumped 67% over the last two reporting periods. Plus, MNST's 10-day put/call volume ratio at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) of 1.81 sitting in the 81st percentile of its annual range.

  • TRIP is up 1.3% at $65.93, after Cowen and Company issued a price-target hike to $70 from $65. Nevertheless, Tripadvisor Inc has lost nearly a quarter of its value so far this year. While options traders have shown an affinity for long calls, 13.5% of TRIP's float is sold short -- an amount that would take 8.2 days of trading to cover, at the stock's average daily volume. Meanwhile, all but two of the 18 analysts covering the shares maintain a "hold" or worse recommendation.
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