Stock Insights: Tripadvisor, Allot Communications, Web.com Group, Ocz Technology, Pharmacyclics May 2nd
Tripadvisor Inc (NASDAQ:TRIP): RBC Capital increased its target on TripAdvisor after the company reported stronger than expected Q1 revenue and EBITDA. The firm continues to have a bullish long-term outlook on the company and it maintains an Outperform rating.
Allot Communications Ltd. (NASDAQ:ALLT): Maxim believes Allot’s pipeline remains strong following the company’s Q1 results. The firm raised its estimates and price target for the company and keeps a Buy rating on the stock.
Web.com Group, Inc. (NASDAQ:WWWW): RBC Capital increased its target on Web.com after the company reported Q1 results that the firm views as solid. The firm thinks that the company continues to have positive momentum and it maintains an Outperform rating.
Ocz Technology Group Inc. (NASDAQ:OCZ): FBN Securities believes shares of OCZ Technology remain attractive following the company’s strong FY13 revenue guidance. The firm lowered its price target for the name to $9 from $10 citing weaker balance sheet metrics and increased risks, but maintains an Outperform rating on the stock.
Pharmacyclics Inc. (NASDAQ:PCYC): After Gilead (NASDAQ:GILD) launched several Phase III studies of drugs that are competitive with those of Pharmacyclics (NASDAQ:PCYC), RBC Capital thinks that there are some key differences between the companies’ programs. The firm continues to view Pharmacyclics as a “must-own” stock ,and maintains an Outperform rating on the stock.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.