Investing

Carvana, DocuSign, Organigram and More Thursday Afternoon Analyst Calls

With the trading day more than halfway over, the broad markets were somewhat mixed on the day. The S&P 500 hit yet another all-time high, continuing its streak. The Nasdaq was up closer to 1%, while the Dow Jones industrial average was more or less flat.

24/7 Wall St. is looking at some big analyst calls that we have seen so far on Thursday. We have included the latest analyst call on each stock, as well as a recent trading history and the consensus targets among analysts.

For those that might have missed it, 24/7 Wall St. had an earlier round of analyst calls on Thursday that included Adobe, NXP Semiconductors, US Bancorp, VMWare and more.

Bilibili Inc. (NASDAQ: BILI) was upgraded at Credit Suisse to Outperform from Neutral, but its price target was cut to $140 from $150. Shares traded near $109 on Thursday. The 52-week trading range is $25.00 to $157.66. The consensus price target is $162.99.

Bill.com Holdings Inc. (NYSE: BILL) was started at Berenberg at Hold with a $140 price target. The stock traded at roughly $157 on Thursday, in a 52-week range of $37.91 to $195.95. It has a consensus price target of $166.85.

Carvana Co. (NYSE: CVNA) was started as Market Perform at Raymond James. The stock traded near $271 on Thursday, in a 52-week range of $58.04 to $323.39. The consensus analyst target is $304.67.

DocuSign Inc. (NASDAQ: DOCU) was resumed at BofA Securities with a Buy rating and a $250 price target. The stock traded around $212 on Thursday. The 52-week trading range is $86.13 to $290.23. Its consensus analyst target is $275.56.

F5 Networks Inc. (NASDAQ: FFIV) was downgraded to Neutral from Outperform with a $207 price target at Credit Suisse. The stock traded near $211 on Thursday. The 52-week trading range is $116.79 to $216.15. The consensus price target is $219.47.

OrganiGram Holdings Inc. (NASDAQ: OGI) was upgraded to Market Perform from Underperform at BMO Capital Markets. Shares traded around $3 on Thursday, in the 52-week range of $1.01 to $6.45.

Texas Roadhouse Inc. (NASDAQ: TXRH) was reiterated as Market Perform and its price target was raised to $102 from $85 at Telsey Advisory. The consensus price target is $90.30. Shares traded around $98 on Tuesday, in the 52-week range of $39.82 to $100.77.


The five stocks that the top hedge funds are shorting the most are some of the top companies in their respective sectors and look like great ideas for aggressive growth traders, especially if they can deliver solid first-quarter results with positive guidance.

Analysts at BofA Securities have resumed coverage of six hot software stocks that have a significant presence in enterprises large and small.