Analysts upwardly revised their ratings on Facebook Inc (FB), eBay Inc (EBAY), and Time Warner Cable Inc (TWC)
Analysts are weighing in on social network stock Facebook Inc (NASDAQ:FB), online auctioneer eBay Inc (NASDAQ:EBAY), and broadcasting behemoth Time Warner Cable Inc (NYSE:TWC). Here's a quick roundup of today's bullish brokerage notes on FB, EBAY, and TWC.
- Analysts were quick to chime in on FB, after the firm reported earnings last night. RBC, for example, upped its price target to $105 from $88, while Deutsche Bank and Brean Capital each boosted their target prices to $100. As a point of reference, FB's all-time high rests at $86.07, and was tagged on March 24. Stifel, meanwhile, cut its price target by $2 to $95. This mixed analyst attention comes after FB said mobile ad revenue soared in the first quarter, but total sales fell just short of expectations. On the charts, the shares have been solid since hitting a year-to-date low of $73.45 on Feb. 9, up 15.2% at $84.63. In the options pits, speculators have shown a preference for calls over puts. Facebook Inc's Schaeffer's put/call open interest ratio (SOIR) of 0.55 ranks in the 16th annual percentile, meaning near-term traders are more call-heavy than usual.
- EBAY is up nearly 5% in electronic trading in the wake of the company's stronger-than-forecast first-quarter earnings. What's more, the stock received a round of upbeat analyst attention, including price-target hikes at Bernstein (to $73), Cantor (to $68), and Barclays (to $67) -- each representing a move into record-high waters for EBAY. Since hitting an all-time peak of $60.93 in early March, the shares have backtracked 6.9%, and closed last night at $56.75. Option traders have kept the faith, though, and at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), eBay Inc's 10-day call/put volume ratio of 4.52 rests higher than 96% of all other readings taken over the past year.
- Jefferies raised its rating on TWC to "buy" from "hold," and boosted its price target to $193 from $190 -- territory yet to be charted for a stock that settled last night at $149.64. This bullish outlook comes in spite of reports suggesting TWC's proposed merger with Comcast Corporation (NASDAQ:CMCSA) could face opposition from both the Federal Communications Commission (FCC) and the Department of Justice (DoJ). Technically speaking, the security's performance has been less than inspiring, down 1.6% year-to-date. Against this backdrop, option traders have taken a glass-half-empty approach. The security's 10-day ISE/CBOE/PHLX put/call volume ratio of 3.54 ranks in the 85th percentile of its annual range, while Time Warner Cable Inc's SOIR of 2.89 arrives north of 86% of all similar readings taken in the last 12 months.