These 3 Stocks Crushed It This Week: Are They Buys Now? [The Motley Fool]
Idera Pharmaceuticals, Inc. (IDRA)
Last idera pharmaceuticals, inc. earnings: 11/6 04:01 pm
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Source: The Motley Fool
Can the momentum continue for these sizzling-hot stocks? Every investor likes to buy a stock and then seeing it generate a big gain. Every investor loves when the big gain comes quickly. And if a big gain can be made in only one week, it's even better. Three stocks especially crushed it over the past week. Idera Pharmaceuticals ( NASDAQ:IDRA ) , PetIQ ( NASDAQ:PETQ ) , and Canopy Growt h ( NYSE:CGC ) stocks soared 20% or more. Here's what lit a fire beneath these stocks and whether they're smart picks for investors to buy now. Image source: Getty Images. 1. Idera Pharmaceuticals Shares of Idera Pharmaceuticals skyrocketed more than 40% this week. Investors can thank a Wall Street analyst for the huge jump. JPMorgan Chase analyst Anupam Rama upgraded Idera stock to an overweight status with a price target of $15 per share. That reflects a 140% premium over the clinical-stage biotech's share price at the end of last week. Rama likes the prospects f
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