Should You Hold Ambarella Inc (AMBA), 3D Systems Corporation (DDD) And Juno Therapeutics Inc (JUNO)?
New York, NY – GDP INSIDER – 12/29/2014.
Expectations seem to be gaining on the shares of Ambarella Inc (NASDAQ:AMBA), 3D Systems Corporation (NYSE:DDD) and Juno Therapeutics Inc (NASDAQ:JUNO). All the three stocks witnessed upbeat sentiments from investors’. Juno made its debut on Friday with a big bang.
The chipmaker has been getting good support from investors. Ambarella Inc (NASDAQ:AMBA) Chips were used in digital cameras, which included sports action cameras manufactured by GoPro Inc (NASDAQ:GPRO). Its shares broke out 50-day line for the second time since early September. Shares closed 17% more than the 50-day moving average price, which was a key support level.
Its shares were gaining ground since analysts’ expect the company to report bumper earnings per share. They estimate 88% earnings per share growth in the next quarter on top of 84% EPS growth achieved in the most recent quarter.
Analysts’ from different brokerage houses seem to be bullish on the stock of 3D Systems Corporation (NYSE:DDD). However, Longbow differed from others as the brokerage initiated coverage with a rating of Underperform and kept the price tag of $25.
Three brokerages, Citigroup Inc (NYSE:C), Imperial Capital and Oppenheimer have a 12-month price objective of $40, $42 and $57 respectively. While Citigroup has a rating of Neutral, the other two brokerages have a rating of Outperform on 3D Systems shares.
Shares of the company gained despite Google Inc (NASDAQ:GOOGL)’s recent comment that it would not be using 3D-printed materials for its Project Ara.
The company closed its IPO only recently. Juno Therapeutics Inc (NASDAQ:JUNO) made a strong impact on the first day of its listing of shares. It was one of the few companies to record significant upside on debut.
Juno Therapeutics came out with an IPO of 12.7 million shares at a price of $24 per share. It included 1.7 million shares kept aside for underwriters. According to Renaissance Capital, about 100 IPOs were priced in the healthcare sector in 2014, which twice that of the last year.
Obviously, the success of the IPOs made three more companies to line up with their IPOs, which might hit the market next year.
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