Analyst Upgrades: NVIDIA, NutriSystem, and Keurig

Analysts issued bullish notes on NVDA, NTRI, and GMCR

Nov 4, 2014 at 9:18 AM

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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