Analyst Update: Netflix, Inc., Google Inc, and TrueCar Inc

Analysts adjusted their ratings on Netflix, Inc. (NFLX), Google Inc (GOOGL), and TrueCar Inc (TRUE)

Jul 10, 2015 at 2:08 PM
facebook X logo linkedin


Analysts are weighing in today on streaming entertainment provider Netflix, Inc. (NASDAQ:NFLX), search engine Google Inc (NASDAQ:GOOGL), and online auto concern TrueCar Inc (NASDAQ:TRUE). Here's a quick look at today's brokerage notes on NFLX, GOOGL, and TRUE.

  • NFLX is more than 1.7% higher at $681.46, after a morning statement from Morgan Stanley. The brokerage elevated Netflix, Inc.'s price target to $750 -- in record-high territory -- and underscored an "overweight" rating. This news follows yesterday's move from Nomura, which raised its price target to $750 from $600. Shares of the streaming media giant recently hit an all-time high, as traders applauded news of a stock split -- set for next week, just before the company reports earnings. The equity could receive some additional momentum from more upgrades, should the company report solid figures next week. Ten of the 27 analysts tracking NFLX still rate it a "hold" or worse. 
  • GOOGL is almost 2% higher this afternoon, with help from a shout out from CNBC's Jim Cramer and a price-target boost from Credit Suisse. The ratings house moved Google Inc's target to $700 from $690 -- in uncharted waters -- and issued an "outperform" rating. The upbeat attention has helped traders shrug off reports of escalating YouTube competition from Facebook Inc (NASDAQ:FB). Technically speaking, GOOGL is up 2.3% at $556.97, but is facing resistance at its 80-week moving average, located near $560. Along with NFLX, the company will enter the earnings spotlight next week.

  • TRUE rounds out our news trio this afternoon, thanks to a trio of price-target cuts. Craig Hallum cut TrueCar Inc's price target to $18 from $21, Cowen and Co. cut its price target to $14 from $19, and B. Riley slashed its target to $9.25 -- in record-low territory -- and offered up a "sell" rating. While the shares touched an all-time low of $9.81 earlier, they were last seen 5.5% higher at $10.60, with speculators apparently unconcerned about a break with AutoNation, Inc. (NYSE:AN)
 

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