Roku Inc. (NASDAQ: ROKU) surprised many investors with earnings as the over-the-top (OTT) service keeps managing to win subscribers. A gain of 21% to $57.25 a share was on almost 30 million shares moved after three hours of trading on Thursday alone, already a four-times volume spike. Macquarie lifted its price target to $57 from $49, and Oppenheimer lifted its target up to $59 from $50.
The laggard call on Roku came from RBC Capital Markets, raising its target to $48 from $45. Citigroup maintained a Neutral rating but lifted its target $50 from $40. KeyBanc Capital Markets reiterated its Overweight rating and lifted its target price to $67 from $54. Roku shares still have a post-IPO high of $58.80.
Sailpoint Technologies Holdings Inc. (NYSE: SAIL) may be another “less than household name” to many investors. The company is into identity governance software solutions on-site and in the cloud for enterprises, and a strong earnings report and strong guidance had shares up 16% at $29.99 in midday trading on Thursday.
Some analysts are still under the current price on Sailpoint, with Canaccord Genuity bumping its target to $25 from $24. Jefferies has a Buy rating and raised its target to $34 from $33, and Oppenheimer’s Outperform rating came with a target hike to $35 from $28. Morgan Stanley’s catch-up call included a target hike to $29 from $26, while Needham’s target went up to $30 from $29.
Wright Medical Group N.V. (NASDAQ: WMGI) was up almost 7% at $28.11 in midday trading on Thursday, still shy of the 52-week high of $29.89. Guggenheim has a Buy rating and raised its target from $32 to $35, while JPMorgan’s Overweight rating came with a price target hike to $34 from $30. The RBC Capital Markets target went up to $32 from $28, along with its Outperform rating, and Wells Fargo lifted its $27 prior target to $29.
Yelp Inc. (NYSE: YELP) was one of the big post-earnings winners, and then some, with its shares up 28% at $49.00 halfway through Thursday. It also was already at 10 times normal trading volume on Thursday. Many analysts were playing catch-up here and the price hikes were above the $44.00 opening price but below the midday trading price.
Barclays lifted its target on Yelp to $48 from $47, and Robert W. Baird boosted its target to $45 from $44, while Stifel raised its target to $42 from $40. These analysts have lifted their targets above the current price: Jefferies to $55 from $53, JPMorgan to $57 from $53 and RBC Capital Markets to $53 from $52.
As a reminder, analyst ratings and price targets can change without notice, and it is possible that some targets have already changed or have been adjusted.