Facebook Search Product Expands Reach and 4 Stock Analyses to Follow
Cree Inc. (NASDAQ:CREE): Current Price: $32.18
Cantor believes that Cree will report stronger results for its December quarter than previously expected, but the firm predicts that the company’s guidance may miss expectations. However, the firm predicts that the company’s business will strengthen beginning in April, and it keeps its Buy rating and a $42 price target on the stock.
eBay Inc. (NASDAQ:EBAY): Current Price: $52.85
The company is predicted by Goldman to report Q4 results above the Street and guidance driven by strong traffic trends, innovative products, and accelerating user metrics. The firm keeps its Buy rating and raises its price target to $63 from $60 on the stock.
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Facebook, Inc. (NASDAQ:FB): Current Price: $30.18
Cantor is convinced that Facebook’s new search product will greatly expand the company’s addressable market, and the firm keeps its Buy rating and a $33 price target on the stock. Currently, the firm does not believe that the initiative is a major threat to Google (NASDAQ:GOOG).
Ariad Pharmaceuticals Inc. (NASDAQ:ARIA): Current Price: $20.29
According to RBC Capital, key investor concerns in regards to thrombotic arterial events and hypertension linked to ARIAD’s Iclusig are overblown. The firm does not believe that the adverse events that were raised by a study of the drug will show any significant affects upon the drug’s launch or an upcoming Phase III study. RBC Capital keeps its Outperform rating on the stock.
Yelp (NYSE:YELP): Current Price: $19.95
Piper Jaffray claims that although Facebook’s (NASDAQ:FB) Graph Search product is a competitor to Yelp in theory, Yelp’s current 37 million reviews will cause difficulty for Facebook, as it will be tough for its reviews to gain measurable traction. Piper believes that Yelp will continue to be one of the leaders in local commerce, and it reiterates its Neutral rating on the stock.
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