Mulesoft, Propetro, Yelp Upgraded

Mulesoft, Propetro, and Yelp stocks are on analysts' bullish radar today

Apr 11, 2017 at 9:31 AM
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Analysts are weighing in on software developer Mulesoft Inc (NYSE:MULE), oilfield services stock Propetro Holding Corp (NYSE:PUMP), and business review site Yelp Inc (NYSE:YELP). Here's a quick roundup of today's bullish brokerage notes on shares of MULE, PUMP, and YELP.

Mulesoft Receives Raft of Analyst Attention

Jefferies, Piper Jaffray, and William Blair started coverage on MULE with the equivalent of a "buy" rating, while four other brokerage firms dished out the equivalent of a "hold" -- the first analyst coverage the stock's received since going public in mid-March. The shares are reacting negatively, down 1.8% to trade at $22.90. However, Mulesoft Inc stock remains well above its IPO price of $17.

Propetro Stock Jumps on Analyst Applause

PUMP stock has surged 2.7% to $14.50, after the Wall Street rookie received its first batch of brokerage notes. Specifically, Raymond James initiated coverage with a "strong buy" rating and an $18 price target, while RBC, Evercore, and J.P. Morgan Securities handed out the equivalent of a "buy" opinion. If Propetro Holding Corp shares maintain their current perch through the close, they'll notch their highest settlement price since the first day of trading, on March 17.

Pacific Crest Sparks Surge on Yelp Stock

Pacific Crest upgraded YELP to "overweight" from "sector weight," and set a price target of $43. The brokerage firm explained that it believes "competitive concerns over YELP's relevance are overdone, while self-serve's ease and utility are underappreciated." Out of the gate, Yelp Inc shares are up 2.9% at $33.70, but well below their February annual high at $43.41. Yet, options traders are keeping the faith. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), YELP stock's 10-day call/put volume ratio stands at a top-heavy 7.21 -- just 8 percentage points from an annual peak.

 

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