Analyst Upgrades: Starbucks, lululemon, Infinera

Analysts upwardly revised their ratings on Starbucks Corporation (SBUX), Lululemon Athletica inc. (LULU), and Infinera Corp. (INFN)

Jan 23, 2015 at 9:53 AM
facebook X logo linkedin


Analysts are weighing in today on coffee concern Starbucks Corporation (NASDAQ:SBUX), yoga apparel peddler Lululemon Athletica inc. (NASDAQ:LULU), and fiber optic name Infinera Corp. (NASDAQ:INFN). Here's a quick roundup of today's bullish brokerage notes on SBUX, LULU, and INFN.

  • SBUX was greeted by a round of upbeat analyst notes after posting strong fiscal first-quarter results. Specifically, Barclays, UBS, J.P. Morgan Securities, RBC, and Wedbush all raised their price targets on the stock. As such, Starbucks Corporation is 5.7% higher out of the gate at $87.44, bringing its year-over-year lead to 16.6%. Earlier, in fact, the equity hit a record high of $87.85. If this momentum continues, the stock could get a lift from potential short-covering activity, as more than 12 million SBUX shares are sold short.

  • LULU is already up 3.2% at $65.78, thanks to an upgrade to "overweight" from "neutral," and a price-target hike to $75 from $50, at J.P. Morgan Securities. Today's rally is just more of the same for the shares, which have advanced 38% year-over-year, and hit an annual high of $66.20 moments ago. There's plenty of room for additional bullish brokerage notes, too. Fifteen out of the 26 analysts tracking Lululemon Athletica inc. have doled out "hold" or worse opinions, and its average 12-month price target of $61.16 stands at a discount to current trading levels.

  • Finally, INFN posted a fourth-quarter earnings beat last night. The brokerage bunch has responded, with no fewer than four analysts upping their price targets -- led by Barrington and J.P. Morgan Securities, which each boosted their targets to $20 and reiterated "outperform" assessments. As such, Infinera Corp. has popped 20.1% out of the gate to hover near $17.30, and earlier touched a seven-year high of $17.37. Not surprisingly, traders on the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) have shown near-extreme levels of optimism toward the stock. INFN's 50-day call/put volume ratio of 46.14 sits just 3 percentage points from a 12-month high. However, it's possible some of these long calls were initiated by short sellers looking to guard against additional upside.
 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI