Schaeffer's Trading Floor Blog

Analyst Upgrades: Tesla Motors Inc (TSLA), Microsoft Corporation, and JA Solar Holdings Co., Ltd. (ADR)

Analysts upwardly revised their ratings on TSLA, MSFT, and JASO

by 3/18/2014 9:06 AM
Stocks quoted in this article:

Analysts are weighing in today on electric automaker Tesla Motors Inc (NASDAQ:TSLA), software specialist Microsoft Corporation (NASDAQ:MSFT), and alternative energy concern JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO). Here's a quick roundup of today's bullish brokerage notes.

  • TSLA is once again in the bullish brokerage spotlight, after Goldman Sachs lifted its price target on the stock to $200 from $170, citing a "significant opportunity for Tesla in stationary storage." On the charts, the stock has soared more than 55% in 2014 to trade at $233.98. Despite Tesla Motors Inc's impressive technical showing, 37% of its float is sold short. An unwinding of these bearish bets in the face of TSLA's upward momentum could help propel the stock higher.

  • MSFT is poised to extend its 35.4% year-over-year lead, after Barclays raised its price target on the stock to $44 from $43. Additional analyst-induced upside could be in the cards for Microsoft Corporation, considering the consensus 12-month price target of $38.60 sits just 1.4% above the stock's current price of $38.05. Plus, more than half of covering analysts maintain a "hold" or worse suggestion on the security. In other words, the door is wide open for a round of price-target hikes and/or upgrades, which could help MSFT chart a path higher. Elsewhere, rumors are swirling that Microsoft Office for Apple Inc.'s (NASDAQ:AAPL) iPad could debut as early as March 27.

  • JASO's quarterly results were well-received by the brokerage bunch, with the stock earning a pair of price-target hikes from RBC (to $12 from $9) and Roth (to $18) overnight. Technically, the equity has tacked on 166.2% during the last 12 months to linger near $11.66. Not surprisingly, traders at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) have bought to open 6.77 calls for each put throughout the past 50 sessions. With roughly a third of JA Solar Holdings Co., Ltd.'s (ADR) float sold short, a portion of this activity could be at the hands of short sellers hedging against any additional upside.

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