Schaeffer's Top Stock Picks for '25

Analyst Upgrades: eBay, BioMarin Pharma, Ulta Salon

Analysts upwardly revised their ratings on eBay Inc (EBAY), BioMarin Pharmaceutical Inc. (BMRN), and Ulta Salon, Cosmetics & Fragrance, Inc. (ULTA)

Mar 13, 2015 at 9:08 AM
facebook X logo linkedin


Analysts are weighing in today on online auction house eBay Inc (NASDAQ:EBAY), drugmaker BioMarin Pharmaceutical Inc. (NASDAQ:BMRN), and beauty retailer Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA). Here's a quick roundup of today's bullish brokerage notes on EBAY, BMRN, and ULTA.

  • EBAY received an upgrade to "positive" from "neutral," and a price-target hike to $75 from $59, at Susquehanna. On the charts, the stock -- 1% higher ahead of the bell -- has had a solid start to the year, helped by an early February bounce from its 200-day moving average. Specifically, the equity has added nearly 6% in 2015 to perch at $59.41, and notched a record high of $60.93 on Monday. If eBay Inc continues to trek higher, it could be met with additional bullish brokerage notes. Currently, over half of the analysts tracking the shares have doled out a "hold" or worse rating, and EBAY's consensus 12-month price target of $59 rests below current trading levels.

  • BMRN is pointed 2% higher in electronic trading, after receiving a price-target bump to $135 to $125 at Jefferies -- which also reiterated its "buy" opinion. Technically speaking, the shares have surged nearly 49% year-over-year, and at $115.59, they could topple their early March all-time peak of $116.70 this morning. Taking a step back, analysts are already firmly planted in BioMarin Pharmaceutical Inc.'s corner. Thirteen of 16 covering analysts rate the stock a "buy" or better, versus just three "holds" and not a single "sell." However, additional price-target hikes could be forthcoming, considering BMRN's average 12-month price target of $119.21 is just a chip-shot away from current levels.

  • Finally, ULTA is poised to jump 7% out of the gate, following a strong showing in the earnings confessional. Analysts responded positively to the company's better-than-expected results, with Sterne Agee, Oppenheimer, Baird, and Cowen each lifting their respective price targets and underscoring the equivalent of "buy" ratings. In recent months at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), traders have been buying to open puts over calls at a faster-than-usual rate. Specifically, Ulta Salon, Cosmetics & Fragrance, Inc.'s 50-day put/call volume ratio of 1.42 ranks in the 94th percentile of its annual range. On the charts, though, the shares show no signs of slowing down -- up nearly 62% year-over-year at $144.82, and fresh off Thursday's record high of $145.90.
 
 

You have the chance to join one of Bernie's most exclusive programs, complete access at HUGE savings!

As we prepare for a new administration to take the reins in Washington, the near-term market landscape is rife with uncertainty.

The Federal Reserve has already hinted at the turbulence ahead, lowering its interest rate outlook for 2025.

Meanwhile, breakthroughs in artificial intelligence (AI), quantum computing, and other transformative sectors have unlocked incredible profit potential.

But these opportunities are fleeting, and timing is everything. That's where Quick-Hit Trader comes in.

Quick-Hit Trader is designed for precision and speed, getting you in and out of the market in a flash. While other investors scramble to navigate volatile conditions, you'll have access to expertly curated trades that leverage these rapid shifts to deliver explosive profits in short order.

This is your chance to capitalize on the fast-moving market like never before. Are you ready to make your move?