Schaeffer's Trading Floor Blog

Analyst Upgrades: Twitter Inc (TWTR), Groupon Inc, and Google Inc

Analysts upwardly revised their ratings on TWTR, GRPN, and GOOG

by 2/5/2014 9:33 AM
Stocks quoted in this article:

Analysts are weighing in today on microblogging site Twitter Inc (NYSE:TWTR), daily deals provider Groupon Inc (NASDAQ:GRPN), and search engine name Google Inc (NASDAQ:GOOG). Here's a quick roundup of today's bullish brokerage notes.

  • Topeka Capital increased its price target for TWTR to $70 from $54, ahead of the company's turn in the earnings confessional tonight. On the charts, the equity has tacked on more than 48% since its Nov. 7 stock-market debut to perch at $66.73. Leading up to tonight's quarterly event, the brokerage bunch is skeptical, with 18 of the 22 covering analysts dishing out "hold" or worse suggestions. Furthermore, the average 12-month price target of $49.40 denotes a steep discount to TWTR's current price. This leaves the door wide open for more upgrades and/or price-target hikes in the near term (especially if Twitter Inc posts strong fourth-quarter earnings), which could provide an extra boost for the shares.

  • GRPN -- which has more than doubled in value over the past year to perch at $10.51 -- saw its price target raised to $10 from $9 at Evercore this morning. Elsewhere, however, the brokerage crew remains doubtful toward Groupon Inc's technical performance. From the 21 analysts weighing in, the stock has received 12 "hold" or worse suggestions, compared to nine "strong buy" endorsements. As such, the equity may end up benefiting from potential upgrades in the near term.

  • Bernstein upped its price target on GOOG by $150 to $1,500 this morning. Technically speaking, the equity has climbed 49.6% on a year-over-year basis to perch at $1,145.30. Meanwhile, short-term option traders are more call-heavy than usual toward the stock right now. In fact, Google Inc's Schaeffer's put/call open interest ratio (SOIR) of 0.89 ranks lower than 72% of comparable readings from the past year, highlighting this call-skewed activity.

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