Qihoo Reports Strong Q3 and 4 Must-See Stock Analyses
Hewlett-Packard Company (NYSE:HPQ) price target has been reduced by Citigroup due to the company’s Q4 results, and it keeps a Sell rating on the stock. The firm still believes that the Bring Your Own Device trend causes a challenge to HP and that consensus earnings estimates remain too high.
Qihoo 360 Technology Co Ltd (NYSE:QIHU): According to Macquarie, the company reported a strong Q3 report, and its expected Q4 guidance surpassed expectations driven by its new advertising platform. The firm keeps its Outperform rating and increases its price target to $27, up from $25, on the stock.
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Sequenom Inc. (NASDAQ:SQNM): Jefferies has noted that the American College Of Obstetricians and Gynecologists, or ACOG, has issued formal support of non-invasive prenatal testing, or NIPT, modalities in the high-risk population, and the firm predicts that progress in securing national payer contracts will follow. The firm also sees ACOG’s endorsement as positive for Sequenom, and it maintains its Buy rating and a $7 price target on the stock.
OraSure Technologies Inc. (NASDAQ:OSUR): According to Citigroup, yesterday, the U.S. Preventative Services Task Force, or USPSTF, released an updated draft recommendation regarding HIV screening with a grade A recommendation for general screening of the 15 to 65 year old population. Citi believes that the recommendation is a net positive for OraSure, and it maintains its Buy rating and a $12 price target on the stock.
Guidance Software, Inc. (NASDAQ:GUID) is believed by Benchmark Co. to possibly take advantage of possible distractions concerning Autonomy’s sales force and customer base from the company’s accounting improprieties, revealed by Hewlett-Packard (NYSE:HPQ) yesterday. The firm keeps its Buy rating and a $14 price target on the stock.