Top Investment Bank Bullish on Apple and 4 Stock Analyses Buzzing on The Street
Zillow Inc (NASDAQ:Z): Canaccord believes Zillow Inc.’s underlying business trends remain solid and that disclosures on the third quarter earnings report will reveal mortgage strength from the Marketplaces segment. Shares are Buy rated with a $50 price target.
Green Dot Corporation (NYSE:GDOT): Piper Jaffray believes Green Dot Corporation has several catalysts despite the competitive challenges from the Bluebird card at Wal-Mart. Piper continues to expect Green Dot will benefit from deals with Sallie Mae, Rush Card and Dollar Tree, and thinks the company will announce a share repurchase program in the near-term. Piper lowered their price target for shares from $20 to $15.25, but reiterates an Overweight rating on the company.
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Rackspace Hosting, Inc (NYSE:RAX): RBC Capital increased their target on Rackspace Hosting, Inc., citing an increase in the firm’s longer term growth outlook that is driven by strong demand trends. The firm maintains an Outperform rating on their stock.
Apple Inc. (NASDAQ:AAPL): Credit Suisse said strong iPhone 5 builds indicate an upside to their gross margin estimate of 40.2%. The firm’s fourth quarter earnings estimate is $8.94 vs. consensus $8.88. Shares are Outperform rated with a $750 price target.
Renewable Energy Group, Inc. (NASDAQ:REGI): After Renewable Energy Group, Inc. reduced their third quarter adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) guidance to lower than expected levels, JMP Securities believes that the miss was caused by volatile commodity markets and risk management/hedging. The firm continues to think that the company is poised to benefit from opportunities in the fuel and chemicals categories in 2014.
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