Friday Morning Pre-Market Insights: Youku Tudou Inc (ADR), Canadian Solar Inc., Zillow Group Inc, Novavax, Inc.
Youku Tudou Inc (ADR) (NYSE:YOKU) shares are up nearly 6% in pre-market trading on Friday to $22.29, adding to their 12.06% increase from yesterday, following continuing rebound in the Chinese stock market. The company also announced yesterday that the first foreign TV series approved by SAPPRFT under the new 2015 regulations for streaming foreign TV series and movies will debut on the Youku Tudou platform. Out of 11 analysts polled by TipRanks, 4 recommend to Buy Youku Tudou, 5 recommend to Hold, and 2 suggest to sell the stock. The average 12-month price target on the stock is $21.48, marking 2.14% potential upside from where YOKU is currently trading.
Canadian Solar Inc. (NASDAQ:CSIQ) shares increased more than 3% in pre-market trading to $26.50, adding to their 4.35% gain from yesterday, as solar stocks shine after Chinese regulators announced a fresh round of aggressive measures aimed at halting a local market crash. According to TipRanks, 6 Wall Street analysts who cover Canadian Solar stock rate it as a Buy, while only one suggests it as a Sell. The 12-month average price target on the stock is $45.50, representing 77.46% upside potential based on current stock price.
Zillow Group Inc (NASDAQ:Z) shares are set to open lower on Friday, following the news that the company’s CFO Chad Cohen will resign effective Aug. 7, 2015 to pursue other business interests. According to TipRanks’s data, 7 out of 15 analysts who cover Zillow stock rate it as a Buy, 7 rate it as a Hold, and only one rates it as a Sell. The 12-month month price objective on the stock is $116.86, which represents upside potential of 37.06% based on current stock price.
Novavax, Inc. (NASDAQ:NVAX) shares are up nearly 1% in pre-market trading on Friday to $12.20, adding to their 11% raise from yesterday, after Joel Beatty, an analyst at Citigroup, raised the price target to $18 (from $10), while maintaining a Buy rating on Novavax stock. According to TipRanks, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Joel Beatty has a total average return of 110.3% and a 100.0% success rate. Beatty is ranked #1706 out of 3727 analysts.