Cardlytics Inc (NASDAQ:CDLX) is enjoying a round of bullish analyst attention following the expiration of its quiet period, as the company went public back on Feb. 9. At least four brokerage firms initiated coverage on CDLX stock with the equivalent of a "buy" rating, and SunTrust Robinson set the highest price target at $25. Meanwhile, the lowest mark was $21 from Raymond James. The equity is trading up 3.3% at $17.35 so far today.
Cardlytics' initial public offering (IPO) was priced at $13 per share, and the stock opened at $12.10. It traded as high as $20.99 back on Feb. 26, while its closing high is $18.82 from the day before. The company engages in what's called "purchase intelligence," providing consumer purchasing data for marketers and financial institutions.
UPS, DPZ, AKAM Stocks Also Enjoy Bull Notes
Checking in on some other analyst updates this morning, United Parcel Service, Inc.(NYSE:UPS) is again in the crosshairs after Stifel upgraded the stock to "buy." The brokerage firm said it believes UPS shares are oversold, presenting a prime buying opportunity for investors.
Baird weighed in on Domino's Pizza, Inc. (NYSE:DPZ) with an "outperform" rating and $260 price target. DPZ shares were last seen trading up 1.1% at $221.98.
And rounding out the analyst coverage this morning, Akamai Technologies, Inc. (NASDAQ:AKAM) got a price-target hike to $85 from $80 at Deutsche Bank. The shares already today tapped a fresh annual high of $70.70 as they continue to outperform on the charts.