Stocks Bytes: International Business Machines Corp. (NYSE:IBM), GoPro Inc. (NASDAQ:GPRO) And RadioShack Corporation (NYSE:RSH)
Dallas, Texas, 09/29/2014 (ustrademedia) – International Business Machines Corp. (NYSE:IBM) has launched the SMB version of its cloud analytics tool ‘Watson Analytics’ developed on a software platform for analytics by the same name. The tool will help the small business players to leverage ‘big data’ used at corporations and enterprises level for lack of a platform that custom-fit the requirements of smaller-sized businesses. IBM expects Watson Analytics to be a big data game changer, allowing data analysis to become available for SMBs.
Another company that expects to see long-term gains by riding the Price Target upgrades by analysts is GoPro Inc. (NASDAQ:GPRO). Following analyst JP Morgan’s raised estimates and ‘bumping’ of price target to $54.00 albeit Neutral rating, GPRO surged past previous week’s prices but remained 34% below market prices. JP Morgan analyst reiterated that the third quarter revenue estimates, and the company guidance range remain the same. The key aspect, according to the analyst, which prompted the upward revision are channel check revisions which suggest is ‘demand is higher than expectations.’ The upgrades that have led to the company make gains are also a metric for investors to remain invested in GPRO as long-term growth stock.
There is a sudden bullishness about RadioShack Corporation (NYSE:RSH) as of Friday. As talks between Hedge Fund investor Standard General LP continue with other investors for a refinancing deal for the electronic chain store. Previous RSH attempts at staving off bankruptcy in the past couple of weeks has now resulted in a positive phase of talks between Standard General, and others have led to a massive 45% jump. Standard General, as one of the largest investors in RadioShack Corporation (NYSE:RSH), holds a standstill agreement with it until June 2015, which limits Standard General from acquiring or taking over the board without RSH consent. Earlier Standard General has also worked potential financial packages with American Apparel Inc. (APP), which however failed to run through.