Analysts are weighing in on e-tailer Amazon, as well as social media stocks Facebook Inc (NASDAQ:FB) and Twitter Inc (NYSE:TWTR). Here's a quick roundup of today's bullish brokerage notes on shares of AMZN, FB, and TWTR.
Amazon saw its price target raised to $1,050 from $900 at Credit Suisse -- in all-time-high territory. Separately, reports suggest the online retail giant could be interested in buying BJ's Wholesale Club. Last week, AMZN stock settled at $884.67, already up 18% in 2017. It's no wonder analysts have been so upbeat toward the shares. Specifically, 27 of 30 brokerage firms rate Amazon stock a "buy" or better, easily outstripping a pair of "hold" opinions and just one "strong sell."
FB stock received a price-target hike to $150 from $125 at BMO, above the shares' April 5 record high of $143.44. In addition, Credit Suisse lifted its price target by $5 to $175. Last week, Facebook Inc stock didn't settle far from its peak, closing Thursday at $139.39, up 21.2% year-to-date. Meanwhile, according to a proxy filing made on Friday, shareholders have proposed that the company create separate reports to address fake news and pay equality. On the sentiment front, options traders are very bullish toward FB stock. The technical outperformer has racked up a 10-day call/put volume ratio of 1.94 at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) -- in the top quartile of its annual range.
BMO upwardly revised its price target on TWTR to $17 from $15, ahead of next Monday's earnings report. The expectations represent a nearly 19% premium to Thursday's close at $14.30. Technically speaking, Twitter stock may be approaching a couple levels of support -- at $13.73 (its record low), as well as $13, half its initial public offering (IPO) price. If Twitter Inc reverses higher off these footholds, there's plenty of pent-up pessimism to be unwound. For example, 11.4% of the stock's float is sold short, representing more than a week of buying power, at average daily volumes. Plus, 96% of analysts rate TWTR stock a "hold" or worse, leaving the door open for upgrades.
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