Big Things Are Expected of These Stocks

Although it may not be growing as fast as it used to, RBC Capital Markets still likes the travel portal company Priceline Group Inc (NASDAQ:PCLN). The investment bank has reiterated its ‘Buy’ rating, and increased its price target to $1,750 per share from the previous $1,600 per share. RBC analyst Mark Mahaney raised his price target in part due to his firm’s research conducted by online travel surveys that showed healthy demand. The hedge fund sentiment towards Priceline Group Inc (NASDAQ:PCLN) has been relatively stable, as the number of funds from our database with holdings in Priceline Group Inc (NASDAQ:PCLN) fell by just two quarter-over-quarter to 85 at the end of June.

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The sell-side is loving Gap Inc (NYSE:GPS) again after the retailer reported better-than-expected September sales results. Jefferies analyst Randal Konik hiked his price target to $32 from $30 on Friday due in part to the belief that a bottom might be setting for The Gap sales results. Konik also thinks that the stock offers ‘asymmetric risk/reward’ with ‘sizable upside potential’. The smart money was certainly more bullish on the retailer in the second quarter. A total of 32 funds tracked by us had a bullish position in Gap Inc (NYSE:GPS) at the end of June, up by nine funds from the previous quarter.

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Analysts at Piper Jaffray reiterated their ‘Overweight’ rating on Lumentum Holdings Inc (NASDAQ:LITE) and raised their price target on the stock to $47 from $38 last week. Due to their research with industry contacts, the analysts think that the upgrade cycle in China to 100 gigabit per second tech will benefit Lumentum and won’t wane as some expect in the second half of this year or next year. According to our data, 25 funds followed by Insider Monkey amassed 7.30% of Lumentum Holdings Inc (NASDAQ:LITE)’s float on June 30.

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