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Analysts are weighing in today on electric car concern Tesla Motors Inc (NASDAQ:TSLA), and online shopping issues Groupon Inc (NASDAQ:GRPN) and Zulily Inc (NASDAQ:ZU). Here's a quick roundup of today's bullish brokerage notes on TSLA, GRPN, and ZU.
- TSLA is poised to notch a new record high right out of the gate, after Stifel raised its outlook on the equity to "buy" from "hold." Year-to-date, shares of TSLA have added more than 79%, yet six out of 13 analysts covering the equity maintain a "hold" or worse suggestion. Plus, the consensus 12-month price target of $251.06 stands at a discount to Friday's closing price of $269.70. Should Tesla Motors Inc continue its rally up the charts, an additional round of upgrades and/or price-target hikes could help fuel the security's fire.
- RBC raised its outlook for GRPN to "sector perform" from "underperform," and upped its price target to $6 from $5 (although, this still represents a discount to the stock's current perch at $6.80). Overall, sentiment toward Groupon Inc is tilted toward the bearish side, which shouldn't be too surprising, considering the stock has surrendered more than 42% this year. Specifically, two-thirds of analysts have levied a "hold" or "strong sell" rating toward the equity, and short interest accounts for more than 21% of the stock's available float.
- CRT joined the majority of analysts covering ZU, by raising its outlook on the shares to a "buy." On the charts, Zulily Inc has put in a dismal performance, and is off nearly 21% year-to-date to trade at $32.80. Option traders at the international Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) are keeping the faith, too, and have bought to open 4.16 calls for every put during the past 10 sessions.