Analyst Upgrades: FireEye, Gilead Sciences, and Skyworks

Analysts upwardly revised their ratings on FireEye Inc (NASDAQ:FEYE), Gilead Sciences, Inc. (NASDAQ:GILD), and Skyworks Solutions Inc (NASDAQ:SWKS)

May 1, 2015 at 9:28 AM
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Analysts are weighing in today on cybersecurity specialist FireEye Inc (NASDAQ:FEYE), drugmaker Gilead Sciences, Inc. (NASDAQ:GILD), and semiconductor firm Skyworks Solutions Inc (NASDAQ:SWKS). Here's a quick roundup of today's bullish brokerage notes on FEYE, GILD, and SWKS.

  • FEYE is surging this morning -- up 6% -- after a narrower-than-expected first-quarter loss and upwardly revised revenue forecast was met with positive analyst attention. Specifically, Piper Jaffray boosted its price target to $50 from $45, and Deutsche Bank raised its target to $44 from $40. This could be just the tip of the iceberg, as FireEye Inc's consensus 12-month price target of $43.90 stands at a slim 6.3% premium to last night's close at $41.30. Meanwhile, at least one group of option bulls should be celebrating. Longer term, FEYE has been impressive on the charts, rallying nearly 31% year-to-date, and drawing close to its annual high of $46.44 from late February.

  • GILD is sharply higher in electronic trading, on the heels of a first-quarter earnings beat and the declaration of a quarterly cash dividend. Specifically, the stock is up 2.8% in pre-market action -- good news for pre-event bulls. Taking a step back, Gilead Sciences, Inc. has advanced more than 27% year-over-year to trade at $100.51, sitting just atop the historically supportive century mark.  The brokerage crowd showed its support for the equity overnight, with Piper Jaffray, RBC, Morgan Stanley, and UBS each boosting their price targets. This is business as usual -- 14 of 17 analysts consider GILD a "buy" or better, and its consensus 12-month price target of $117.99 stands in all-time-high territory.

  • SWKS is up 3.5% ahead of the bell, after the firm reported better-than-expected earnings and received a round of bullish analyst notes. Specifically, no fewer than six brokerage firms raised their price targets on the stock, with BofA-Merrill Lynch, BMO, and D.A. Davidson all bumping their targets up to $115. This positive attention is well-deserved, considering Skyworks Solutions Inc has more than doubled in value during the previous 12 months. However, options traders remain skeptical. During the past two weeks across the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), SWKS has racked up a put/call volume ratio of 0.87 -- which rests just 4 percentage points from an annual high. However, it's possible some of these put buyers were shareholders, hedging against a potential post-earnings drop.


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