Q2 STOCKS TO BUY

Analyst Upgrades: Amazon, Facebook, and Paypal

Analysts upwardly revised their ratings on Amazon.com, Inc. (NASDAQ:AMZN), Facebook Inc (NASDAQ:FB), and Paypal Holdings Inc (NASDAQ:PYPL)

Jul 20, 2015 at 9:20 AM
facebook X logo linkedin


Analysts are weighing in on e-commerce concern Amazon.com, Inc. (NASDAQ:AMZN), social network giant Facebook Inc (NASDAQ:FB), and payment processor Paypal Holdings Inc (NASDAQ:PYPL). Here's a quick roundup of today's bullish brokerage notes on AMZN, FB, and PYPL.

  • AMZN received a bevy of upbeat analyst attention ahead of its upcoming earnings report. Cowen and Company raised its outlook to "outperform" from "market perform" and boosted its price target to $565 from $435 -- in never-before-seen territory. Specifically -- and despite confusion surrounding last week's Prime Day -- the brokerage firm said it sees strong growth in Amazon.com, Inc.'s retail and cloud divisions, with the former expected to lead the market. Likewise, Wedbush upgraded AMZN to "outperform" from "neutral" and lifted its price target to $575. On the charts, the equity has been a standout, up almost 56% year-to-date to trade at $483.01. In fact, AMZN -- along with the broader Nasdaq Composite (COMP) -- hit a record high of $485.42 on Friday, and looks poised to take out this notable milestone today. Short-term speculators are more put-skewed than usual, though, per the equity's Schaeffer's put/call open interest ratio (SOIR) of 1.31, which ranks in the 82nd annual percentile. Separately, the company said it plans to invest $5 billion in India to make the nation its biggest market outside of the U.S.

  • FB also had a record-setting day on Friday -- topping out at an all-time peak of $95.39, before settling the session at $94.97. BTIG thinks there's more upside to come, and boosted its price target for the stock to $117. As such, the shares are pointed modestly higher ahead of the bell, and seemingly on track to notch a new record high. Longer term, FB has added an impressive 21.7% in 2015, catching the eye of call buyers. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), Facebook Inc's 10-day call/put volume ratio of 2.84 ranks higher than 83% of all comparable readings taken in the past year. Simply stated, calls have been bought to open over puts at a faster-than-usual clip.

  • PYPL -- an eBay Inc (NASDAQ:EBAY) spinoff -- will begin publicly trading its shares today. Ahead of this morning's opening bell, J.P. Morgan Securities initiated coverage with an "overweight" rating and a $48 price target, saying it's "bullish on PayPal in the short term, recognizing many long-term secular threats to monitor." The stock also received "outperform" and "buy" ratings from BMO, Baird, and SunTrust Robinson, with the brokerage firms setting their price targets in the $45-to-$46 range. Evercore, meanwhile, bucked the bullish trend, rating Paypal Holdings Inc a "sell." The stock is up 4.5% in pre-market action, after closing Friday at $38.39 (the stock traded last week under a "when-issued" status).
Get the skinny on all the biggest stories of the morning… Sign up now to get Schaeffer's Midday Market Check delivered straight to your inbox!
 
 

“Buy This Stock Now!” - Expert Who Called 11x On TSLA

He called a rare 11x on Tesla…

But now, thanks to Elon & Trump’s new alliance…

He says there’s a new opportunity that could be 1,000x BIGGER than Tesla – and it could completely revolutionize a $23 Trillion market.

It’s trading for less than $5 per share right now…

But it won’t be under the radar for long.

Discover The 1,000x Bigger Elon Opportunity Here

GRAND SLAM COUNTDOWN

 
 

Featured Articles from Trusted Partners:

👀Learn How Dividends Create Passive Income for Life
Receive $200 Off Motley Fool Epic. The Motley Fool Epic $299 discounted offer is based on $499/year list price. Introductory promotion for new members only. Take control of your money and your portfolio with Motley Fool Epic.

💵New Income System Could Pay You $4,243 Monthly
You could collect an average of $4,243 per month starting as early as next week with a new payout system for income investors. New registrations are being accepted for investors who want to be in a position to start with their first payout next week.

🚀Easy 92% Crypto Dividends (No Coins Required)
COIN stock doesn't pay a dividend... But there's actually a new way to collect a massive dividend that's indirectly based on the stock and offers a terrific monthly income (currently yielding nearly 92% on a forward basis).

🤝Free Advisor Match with Wiseradvisor.com
Don't leave your retirement to chance! Get matched with a trusted financial expert for FREE and make the most of your tax refund. Get started now.

⚠️Dennis Quaid's #1 Warning for Americans
Here's the thing: life doesn't come with guarantees. The economy shifts, markets stumble, and years of hard work could slip through your fingers like sand. But it doesn't have to be that way for you. So request a free copy of this Gold & Silver Guide that will arrive right to your doorstep when you act now.

 

 
 

Follow us on X, Follow us on Twitter