Analyst Upgrades: Apple Inc., Netflix, Inc., and The Walt Disney Company

Analysts upwardly revised their ratings on Apple Inc. (AAPL), Netflix, Inc. (NFLX), and Walt Disney Co (DIS)

by Alex Eppstein

Published on Apr 27, 2015 at 9:22 AM

Analysts are weighing in today on iPad parent Apple Inc. (NASDAQ:AAPL), streaming content provider Netflix, Inc. (NASDAQ:NFLX), and entertainment juggernaut Walt Disney Co (NYSE:DIS). Here's a quick roundup of today's bullish brokerage notes on AAPL, NFLX, and DIS.

  • AAPL is on the receiving end of optimistic brokerage attention, ahead of the company's turn in the earnings confessional tonight. Specifically, Jefferies upped its price target to $135 from $130, while Brean Capital initiated coverage on Apple Inc. with a "buy" recommendation and $160 price target. On the charts, the shares have shot 18% higher year-to-date to trade at $130.28, and are sitting just below their record high of $133.60 from late February. However, options traders have yet to jump on AAPL's bullish bandwagon. The equity's 50-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) put/call volume ratio of 0.47 ranks in the 79th percentile of its annual range. These bears could get burned, though, as the stock has averaged a single-session post-earnings gain of 4.8% over the past four quarters.

  • Stifel lifted its price target on NFLX by $75 to $725 -- all-time-high territory. The upward revision is well-deserved, considering the shares have soared 63.5% year-to-date -- helped by a boost from last week's international subscriber numbers. In fact, additional price-target hikes could come down the pike, as Netflix, Inc.'s average 12-month price target of $556.86 rests below the stock's current perch at $558.40. Upgrades are also a possibility, as 12 of 26 analysts still consider NFLX a "hold" or worse. Ahead of the bell, the shares are 0.9% higher.

  • DIS received a pair of bullish brokerage notes, with Guggenheim boosting its rating to "buy," and Citigroup upping its price target to $125 from $110. Technically speaking, the security has been a beast, hitting an all-time high of $110.48 on Friday, and rallying 40% year-over-year to trade at $109.53 -- just above its consensus 12-month price target of $108.96, potentially paving the way for additional price-target hikes. What's more, nearly half of the analysts tracking Walt Disney Co have handed out a tepid "hold" rating, which means future upgrades may be in the cards. On the other hand, options traders have been extremely bullish in recent weeks, racking up a 10-day ISE/CBOE/PHLX call/put volume ratio of 3.70 -- the highest reading of its kind in the last 12 months.


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