Analyst Upgrades: Groupon, Sonic Corp, NVIDIA

Analysts upwardly revised their ratings on Groupon Inc (GRPN), Sonic Corporation (SONC), and NVIDIA Corporation (NVDA)

Mar 25, 2015 at 9:12 AM
facebook X logo linkedin

Analysts are weighing in on coupon concern Groupon Inc (NASDAQ:GRPN), drive-in restaurant operator Sonic Corporation (NASDAQ:SONC), and chipmaker NVIDIA Corporation (NASDAQ:NVDA). Here's a quick roundup of today's bullish brokerage notes on GRPN, SONC, and NVDA.

  • GRPN has been enjoying a lift higher from its 100-day moving average since an earnings-induced bull gap sent the shares barreling north of this rising trendline in late October. After closing last night at $7.56, the equity is poised to take a sharp bounce from here today, as Wunderlich Securities upped its outlook to "buy" from "hold," and raised its price target to $10 from $6 -- territory not charted since February 2014. More upgrades could be on the horizon, too, should the stock extend today's positive price action. Of the 20 analysts covering Groupon Inc, 12 maintain a lukewarm "hold" recommendation, compared to eight "strong buys."

  • SONC received no fewer than four price-target hikes, after the company unveiled better-than-expected fiscal second-quarter earnings. Included in the bunch was Sterne Agee, which raised its price target to $41 from $37, and Jefferies, which boosted its target price to $36 from $29. Elsewhere on the sentiment front, short-term speculators have shown a preference for calls over puts toward a stock that's rallied nearly 35% year-to-date, and hit a record high of $36.73 yesterday before settling at $36.66. Specifically, Sonic Corporation's Schaeffer's put/call open interest ratio (SOIR) of 0.34 ranks lower than 88% of similar readings taken in the past 12 months.

  • Susquehanna upped its price target on NVDA to $19 from $18, although this still represents a discount to Tuesday's close at $22.40. Technically speaking, the stock has been a standout over the past 52 weeks, boasting a 21.4% lead -- and tagging a four-year peak of $23.60 last Friday. In spite of this, there's still plenty of skepticism to be found. Roughly 57% of covering analysts maintain a "hold" or worse rating on the shares, while the average 12-month price target of $23.20 sits just 3.6% above NVDA's current price. Elsewhere, a healthy 9.3% of the security's float is sold short, representing more than two weeks' worth of pent-up buying demand, at average daily trading levels. Should NVIDIA Corporation continue to linger in multi-year-high territory, another round of bullish brokerage notes and/or a capitulation among short sellers could help fuel the equity's fire.

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 calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI