Schaeffer's Trading Floor Blog
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Analysts are weighing in today on java giant Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR), tech concern Akamai Technologies, Inc. (NASDAQ:AKAM), and blue chip The Walt Disney Company (NYSE:DIS). Here's a quick roundup of today's bullish brokerage notes.

  • GMCR is poised to rocket close to 40% higher out of the gate, after The Coca-Cola Company (NYSE:KO) took a $1.3 billion stake in the firm. As a result, analysts are waxing optimistic on GMCR, with Canaccord Genuity and Keybanc lifting their respective price targets to $117 from $95, and to $150 from $100, while Stifel Nicolas upgraded the stock to "hold" from "sell." What's more, additional price-target boosts and upgrades could be on the horizon for Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR). Currently, the average 12-month price target stands at $94.33 -- likely representing a discount to GMCR's opening price today -- and five out of 12 brokerage firms maintain "hold" or worse ratings. Plus, short interest represents nearly three weeks' worth of pent-up buying demand, at GMCR's average pace of trading, suggesting a short squeeze could be in store.

  • AKAM reported stronger-than-expected fourth-quarter earnings and offered solid first-quarter guidance Wednesday evening, sending the shares 17% higher in pre-market action. Analysts are adjusting their outlooks toward AKAM accordingly, with Canaccord Genuity lifting its price target to $63 from $56, and Jefferies raising its price target to $52 from $44. Credit Suisse also chimed in with an upgrade to "neutral" from "underperform." Like GMCR, Akamai Technologies, Inc. (NASDAQ:AKAM) could also see a rush to cover by the shorts, as these bearish bets would take about seven sessions to unwind, at the stock's average daily trading volume.

  • DIS also reported solid earnings, with blockbuster movie Frozen translating into stronger-than-expected fiscal first-quarter figures. No fewer than six brokerage firms have lifted their price targets on DIS, among them Deutsche Bank (to $88 from $85) and Bernstein (to $85 from $82). Short interest accounts for 37.69 million DIS shares of The Walt Disney Company (NYSE:DIS), and would take more than a week to buy back, at the equity's average pace of trading. Ahead of the bell, DIS is pointed 3.3% higher, and a short-covering situation could add contrarian fuel to the fire.

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