In this article, we discuss 5 trending stocks today. If you want to check out some more companies trending today, go directly to Why These 10 Stocks Are Trending Today.
5. Eli Lilly and Company (NYSE:LLY)
Number of Hedge Fund Holders: 70
Eli Lilly and Company (NYSE:LLY) is trending today after Jasper Hellweg of Argus raised his price target on the stock to $360 from $315. The analyst also kept a ‘Buy’ rating on Eli Lilly and Company (NYSE:LLY). Hellweg likes how the company recently received a FDA priority review for donanemab and how Eli Lilly and Company (NYSE:LLY) is advancing its pipeline. The continued advancement could help increase sales and earnings in the future.
Despite the market decline this year, Eli Lilly and Company (NYSE:LLY) shares are up almost 20% year to date.
4. Freshpet, Inc. (NASDAQ:FRPT)
Number of Hedge Fund Holders: 23
Freshpet, Inc. (NASDAQ:FRPT) is in the limelight today after Cody Ross of UBS initiated a ‘Buy’ rating and a $67 price target on the stock. Ross thinks Freshpet, Inc. (NASDAQ:FRPT) trades at a ‘discount’ and still has high growth potential despite Mars having entered into the Pet business. On average analysts have a price target of $65.75 per share on Freshpet, Inc. (NASDAQ:FRPT) stock.
3. Cyberark Software Ltd (NASDAQ:CYBR)
Number of Hedge Fund Holders: 29
Cyberark Software Ltd (NASDAQ:CYBR) is up almost 3% today after Mihcael Walkley of Canaccord initiated a ‘Buy’ rating and a $187 price target on the stock. Walkley likes how Cyberark Software Ltd (NASDAQ:CYBR) is a ‘clear leader’ in the Privileged Access Management space and the analyst believes Cyberark Software Ltd (NASDAQ:CYBR) could be a long term winner in the software security market. Cyberark Software Ltd (NASDAQ:CYBR) is down around 14% year to date.
2. Century Aluminum Company (NASDAQ:CENX)
Number of Hedge Fund Holders: 19
Century Aluminum Company (NASDAQ:CENX) is down around 10% today after Timna Tanners of Wolfe Research lowered her rating to ‘Underperform’ from ‘Peer Perform’. Tanners also has a $4 price target. Tanners thinks Century Aluminum Company (NASDAQ:CENX)’s earnings outlook has weakened due to lower aluminium prices as well as higher power costs. Century Aluminum Company (NASDAQ:CENX) is down 61% year to date.
1. Charles River Laboratories International, Inc. (NYSE:CRL)
Number of Hedge Fund Holders: 45
Charles River Laboratories International, Inc. (NYSE:CRL) is up 7.5% on Friday after David Windley of Jefferies upgraded the stock to a ‘Buy’ from ‘Hold’. Windley also has a higher price target of $240 on Charles River Laboratories International, Inc. (NYSE:CRL), up from the previous $230. Windley thinks the price escalation in the NHP supply chain could continue to rise in the medium term. If that happens, Charles River Laboratories International, Inc. (NYSE:CRL)’s EPS could potentially benefit.
You can also take a look at 10 Quality Stocks With Dividend Yields Over 2% and 10 Dividend Stocks to Buy According to Billionaire Cliff Asness.
