Investors Favorite: GoPro Inc (GPRO), ISIS Pharmaceuticals, Inc. (ISIS) And Virgin America Inc (VA)
New York, NY – GDP INSIDER – 12/29/2014.
Three companies, namely, GoPro Inc (NASDAQ:GPRO), ISIS Pharmaceuticals, Inc. (NASDAQ:ISIS) and Virgin America Inc (NASDAQ:VA) shares were witnessing hectic movement.
Its product was leading the holiday season sales in Amazon.com, Inc. (NASDAQ:AMZN). The online retailer revealed that GoPro Inc (NASDAQ:GPRO)’s wearable equipment, as well as, accessories were the best selling product of cameras on its portal. The news has obvious triggered favorable sentiments among investors’, who have lifted the stock price.
Recently, JPMorgan Chase & Co. (NYSE:JPM) has upgraded GoPro shares to Overweight rating from Neutral. The brokerage has also kept the price tag of $70. Other brokerages like Wedbush, Piper Jaffray, have the 12-month price target of $81 and $90 respectively. It meant that the stock has the potential to record a minimum of 15% gain.
The company found favorable coverage from Jim Cramer, which was enough to lift the stock price. He seems to be quite confident that if anyone were looking for a hot biotech stock, it should be ISIS Pharmaceuticals, Inc. (NASDAQ:ISIS). He gave reasons for his opinion too.
Cramer disclosed that ISIS has more than 34 drugs under the process of development. Aside from it, there could be some blockbuster franchises.
While JPMorgan Chase & Co. (NYSE:JPM) has a rating of Neutral, Stifel Nicolaus has a rating of Buy on the shares of ISIS. However, both the brokerages have the 12-month price objective of $65.00. The stock is trading nearer to the level currently.
Shares of the company got a favorable rating from different brokerages. Cowen has initiated with an Outperform rating on Virgin America Inc (NASDAQ:VA) shares. Similarly, Barclays initiated with an Overweight rating on the company’s stock recently. The brokerage said that Virgin America was focused towards business customer base and at the same time maintains operations at a lower cost.
Barclay’s analyst, David Fintzen, said that the company has proved itself in generating premium revenue from the most developed markets. He said that Virgin America was the most leveraged to fuel in its coverage due to longer-than average stage length due to the domestic focus, limited hedging for next year, and comparatively low margins.
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