Maxim Group

On Tuesday, Maxim Group downgraded shares of Sina Corp (NASDAQ: SINA) from Buy to Hold and removed the $90 price target. Shares of Sina are down 3.5 percent to $66.50 following the downgrade. Analyst Echo He believes Sina's valuation “should be affected by Alibaba's (private) purchase of the Weibo...

In a report published Tuesday, Maxim Group analyst Echo He reiterated a Buy rating and $96.00 price target on Qihoo 360 Technology Co. Ltd. (NYSE: QIHU). In the report, Maxim Group noted, “QIHU is reporting its 3Q13 earnings results on Monday, November 25, before the Market opens, with a...

In a report published Friday, Maxim Group analyst Echo He reiterated a Hold rating on Youku Tudou (NYSE: YOKU). In the report, Maxim Group noted, “Last night YOKU reported 3Q13 revenue of RMB858M ($140M), 1% above consensus. Ad revenue was RMB745M ($122M), representing 3% q/q growth, significantly...

In a report published Friday, Maxim Group analyst Bryan Brokmeier reiterated a Buy rating and $6.00 price target on Sequenom (NASDAQ: SQNM). In the report, Maxim Group noted, “We recommend that investors Buy shares of SQNM following the strong 3Q13 results. Volume was strong as sales in New York...

Maxim Group analyst Jason Kolbert upgraded Dendreon Corp. (NASDAQ: DNDN) from Hold to Buy and raised the PT from $3 to $10. Kolbert noted that the target acquisition value is based on a possible 45 percent in margins pending on if SG&A spending becomes an "incremental expense" to the buyer...

In a report published Wednesday, Maxim Group analyst Echo He upgraded the rating on Baidu (NASDAQ: BIDU) from Sell to Hold, but removed the $95.00 price target. In the report, Maxim Group noted, “We believe BIDU's near-term top line growth, mainly driven by solid core (PC) business, will likely...

In a report published Thursday, Maxim Group analyst Echo He upgraded SINA (NASDAQ: SINA) from Hold to Buy, and named a $58.00 price target. In the report, Maxim Group noted, “Weibo may regain market share as an important collaborator of Alibaba (private). Starting in August, Alibaba blocked...

In a report published Thursday, Maxim Group analyst Echo He reiterated a Sell rating on Baidu (NASDAQ: BIDU), and raised the price target from $75.00 to $95.00. In the report, Maxim Group noted, “Revenues strong while margins continued to decline. BIDU reported 2Q13 gross revenue of $1,232M, 1....

Gene Mack, analyst at Brean Capital, Monday raised his price target on Onyx Pharmaceuticals (NASDAQ: ONXX) to a street high $160 from $115 following the recent takeover offer from Amgen (NASDAQ: AMGN). Amgen offered to buy Onyx for $120 per share or $8.73 billion. The new price target reflects a...

In a report published Friday, Maxim Group analyst Echo He upgraded SINA (NASDAQ: SINA) from Sell to Hold, but removed the $48.00 price target. In the report, Maxim Group noted, “We are upgrading SINA to Hold, from Sell, and removing our 12-month price target of $48. We expect margins to improve...

In a report published Thursday, Maxim Group analyst Echo He upgraded the rating on Youku Tudou (NYSE: YOKU) from Sell to Hold, but removed the price target. In the report, He noted, “Lackluster 1Q13 results followed by a 2Q13 rebound. 1Q13 revenue was $83.1M, in-line with our estimate and 1%...

In a report published Friday, Maxim Group analyst Echo He reiterated his Buy rating and $42.00 price target on Qihoo 360 Technology Co. (NYSE: QIHU). In the report, He noted, “QIHU's shares declined ~10% in the recent two trading sessions for non-fundamental reasons. We believe QIHU has a...

In a report published Wednesday, Maxim Group reiterated its Sell rating and $9.00 price target on First Solar (NASDAQ: FSLR). Maxim Group noted, “Overshadowing 4Q12 EPS upside—driven by margins/taxes—was deteriorating demand with (1) 4Q12 revenue falling short of guidance, (2) project book-to-bill...

In a report published Wednesday, Maxim Group reiterated its Hold rating on Trina Solar Limited (NYSE: TSL). Maxim Group noted, “Even as TSL delivered upside to 4Q12 shipments and 2013 guidance of 29% Y/Y, gross margins <5% reveal no earnings leverage from higher demand. With solar...

In a report published Wednesday, Maxim Group reiterated its Sell rating and $44.00 price target on Sina Corp. (NASDAQ: SINA). Maxim Group noted, “Last night SINA reported 4Q12 earnings. Total revenue was $134.4M, in-line with our estimate and consensus. Non-GAAP EPS was $0.13, higher than our...