Analyst Upgrades: NVIDIA, NutriSystem, and Keurig

Analysts issued bullish notes on NVDA, NTRI, and GMCR

Nov 4, 2014 at 9:18 AM
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Analysts are upwardly revising their ratings today on GPU giant NVIDIA Corporation (NASDAQ:NVDA), weight-loss specialist NutriSystem Inc. (NASDAQ:NTRI), and coffee company Keurig Green Mountain Inc (NASDAQ:GMCR). Here's a quick look at today's bullish brokerage notes on NVDA, NTRI, and GMCR.

  • Susquehanna raised its price target on NVDA to $18 from $16, and backed its "neutral" rating on the stock. However, this target hike qualifies as only faint praise, since NVIDIA Corporation shares ended Monday's session at $19.87 -- up more than 24% in 2014. It's the second lukewarm analyst note for NVDA in as many days, and in fact, 64% of analysts call the security a "hold" or "sell." Likewise, the stock's average 12-month price target of $20 is just pennies away from yesterday's close. Looking ahead, NVDA is due to report its third-quarter earnings on Thursday night. Following the company's last four quarterly announcements, NVDA has averaged a one-day post-earnings gain of more than 4%.

  • NTRI last night topped analysts' third-quarter earnings and revenue estimates, and simultaneously offered upbeat guidance for the fourth quarter. As a result, the stock has scored price-target hikes from B. Riley (to $25 from $22) and Wedbush (to $18 from $17). Shares of NutriSystem Inc. finished Monday at $16.87, planted firmly below resistance in the $17 region -- but the stock is on pace to open about 5% higher. A burst of short-covering activity could accelerate NTRI's post-earnings rally, as no less than 16.7% of the equity's float is sold short. At the stock's average daily trading volume, it would take nearly 12 days for all of these shorted shares to be covered.

  • GMCR has more than doubled in value this year to trade at $151.90, and KeyBanc is betting on the stock to explore new record highs over the next 12 months. The brokerage firm this morning boosted GMCR's price target to $175 from $150, with the new forecast representing a premium of approximately 13% to last Friday's all-time peak of $155.09. Keurig Green Mountain Inc looks a little overdue for additional bullish attention, with the average 12-month price target weighing in at just $130.10. Plus, despite GMCR's notable outperformance on the charts, seven out of 13 analysts maintain a "hold" or "sell" rating on the stock -- leaving plenty of room for future upgrades.
 

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