WW International Inc (WW)

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WW International Inc. (WW) stock soared 7.7% in Tuesday premarket trading after a Goldman Sachs upgrade based on potential subscriber growth. Goldman boosted its price target to $48 from $26. WW International was formerly known as Weight Watchers. A new program, myWW, an "aggressive" TV and social media campaign, and the Oprah Vision 2020 tour featuring Oprah Winfrey and fellow celebrities have created "multifaceted layers of new news to engage the customer," analysts led by Jason English said. Based on Google Trend analysis and Sensor Tower App downloads, Goldman thinks subscriber growth could reach 14% in 2020, and drive earnings growth as well. FactSet forecasts EPS of 38 cents for the fourth quarter, down from 46 cents last year. WW International is scheduled to report quarterly earnings on Feb. 25. WW International stock us up 8.3% over the last year, but down 4.4% over the past three months. The S&P 500 index has gained 19.2% for the last 12 months.