Schaeffer's Trading Floor Blog

Analyst Upgrades: Facebook Inc (FB), Visa Inc, and Yelp Inc

Analysts upwardly revised their ratings on FB, V, and YELP

by 5/2/2013 9:16 AM
Stocks quoted in this article:

Analysts are weighing in today on social networking site Facebook Inc (NASDAQ:FB), credit card giant Visa Inc (NYSE:V), and online review forum Yelp Inc (NYSE:YELP). Here's a quick roundup of today's bullish brokerage notes.

  • FB received a price-target boost to $31 from $30 at Jefferies ahead of the opening bell, after topping analysts' first-quarter revenue projections yesterday. The stock has climbed more than 29% during the past six months and is presently priced at $27.43, yet there are still a number of holdouts among the brokerage bunch. In fact, 11 out of 30 analysts still maintain lukewarm "hold" recommendations for Facebook Inc. This leaves plenty of wiggle room for further upgrades and/or price-target hikes, which could push the shares higher.

  • Up nearly 36% on a year-over-year basis to trade at $166.02, V was flooded with upbeat attention today, thanks to Wednesday's stronger-than-expected quarterly earnings report. Credit Suisse lifted its price target to $185 from $175, and brokerage firms including Barclays, Nomura, FBR, and UBS followed suit. Optimism is running high toward Visa Inc in the short-term options pits, as well. In fact, the stock's Schaeffer's put/call open interest ratio (SOIR) of 0.93 hovers just 8 percentage points above a yearly nadir, meaning near-term traders have rarely been more call-heavy toward V during the past year.

  • YELP -- which has gained more than 34% year-to-date and is perched at $25.30 -- was also in the bullish spotlight this morning, after posting well-received earnings results and guidance yesterday. Northland upgraded the equity to "market perform" from "underperform," while Macquarie, Oppenheimer, Jefferies, and RBC raised their price targets. Elsewhere, data from the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) shows a 20-day call/put volume ratio of 4.36 for Yelp, Inc, indicating calls bought to open have more than quadrupled puts during the past month.

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