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Analyst Upgrades: Netflix, Computer Sciences, and TripAdvisor

Analysts upwardly revised their ratings on NFLX, CSC, and TRIP

by 11/7/2012 9:09 AM
Stocks quoted in this article:

Analysts are weighing in today on movie subscription service Netflix, Inc. (NASDAQ:NFLX - 76.37), tech issue Computer Sciences Corporation (NYSE:CSC - 36.80), and travel research website TripAdvisor, Inc. (NASDAQ:TRIP - 33.83). Here's a quick roundup of today's bullish brokerage notes.

  • NFLX scored a price-target hike to $85 from $68 at Cantor Fitzgerald this morning, despite rival Amazon.com, Inc.'s (NASDAQ:AMZN) plans to offer a new monthly option for its Prime video-streaming service. On the technical front, the equity is down more than 15% over the past year, which may be luring skeptics. Short interest on NFLX rose by more than 4% during the past two reporting periods. These bearish bets now account for a hefty 30% of the stock's available float.

  • CSC today received upward price-target adjustments at Jefferies (to $36 from $30), BMO (to $40 from $33), and Stifel (to $39 from $34), thanks to a well-received quarterly earnings report on Tuesday. The stock has gained more than 55% so far this year -- while also outperforming the broader S&P 500 Index (SPX) by more than 17 percentage points during the past month -- but most analysts remain wary of CSC. Only one has deemed the security worthy of a "buy" or better rating, compared to nine lukewarm "holds" and one "strong sell."

  • Stifel Nicolaus started coverage of TRIP with a "buy" rating and a price target of $44, which could add to the security's year-to-date advance of more than 34%. However, this technical strength hasn't kept bears from the options pits. 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 1.37 for stock. In other words, traders have bought to open 137 puts for every 100 calls during the past month.

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