Schaeffer's Trading Floor Blog

Analyst Upgrades: Facebook Inc (FB), Netflix, Inc. (NFLX), and Amazon.com, Inc.

Analysts upwardly revised their ratings on FB, NFLX, and AMZN

by 4/26/2013 9:19 AM
Stocks quoted in this article:

Analysts are weighing in today on social networking site Facebook Inc (NASDAQ:FB), streaming video service Netflix, Inc. (NASDAQ:NFLX), and Internet marketplace Amazon.com, Inc. (NASDAQ:AMZN). Here's a quick roundup of today's bullish brokerage notes.

  • As FB prepares to report first-quarter earnings next week, the stock was raised to "strong buy" from "outperform" at Raymond James this morning. The equity has gained about 16% during the past six months and is currently perched at $26.14, yet skepticism continues to haunt Facebook, Inc. In fact, 11 out of 30 analysts still maintain tepid "hold" recommendations for the stock. This leaves the door wide open for a round of upgrades in the near term, which could help propel the security higher.

  • Up a whopping 131% so far this year to trade at $213.75, NFLX continues to score upbeat attention from the brokerage bunch, as Lazard upped its price target to $325 from $250 ahead of the open. However, a number of short-term traders remain unconvinced by Netflix, Inc.'s technical chops. The security's Schaeffer's put/call open interest ratio (SOIR) sits at 1.07, with puts outnumbering calls among options expiring in the next three months. This ratio ranks in the 62nd annual percentile, meaning near-term options players are more put-heavy toward the stock than usual.

  • AMZN -- which has gained more than 40% on a year-over-year basis to explore the $274.70 region -- saw its price target lifted to $315 from $300 at Cantor Fitzgerald today, after topping analysts' bottom-line earnings estimates post-close yesterday. However, revenue fell below the consensus view, which likely prompted J.P. Morgan Securities to lower its price target to $285 from $300. Meanwhile, data from the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) shows a 20-day put/call volume ratio of 1.10 for Amazon.com, Inc., confirming puts bought to open have outstripped calls during the past month.

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