Analyst Upgrades: Amazon, Starbucks, Juniper Networks

Analysts upwardly revised their ratings on, Inc. (NASDAQ:AMZN), Starbucks Corporation (NASDAQ:SBUX), and Juniper Networks, Inc. (NYSE:JNPR)

Jul 24, 2015 at 9:19 AM
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Analysts are weighing in on e-commerce concern, Inc. (NASDAQ:AMZN), java giant Starbucks Corporation (NASDAQ:SBUX), and networking communications specialist Juniper Networks, Inc. (NYSE:JNPR). Here's a quick roundup of today's bullish brokerage notes on AMZN, SBUX, and JNPR.

  • It's poised to be a record-setting day for AMZN, with the shares up 22% in electronic trading. Today's bullish backdrop comes courtesy of the firm unexpectedly banking a second-quarter profit and a subsequent round of upbeat analyst notes. Among those chiming in on the stock were B. Riley -- which boosted its outlook to "buy" from "neutral" and its price target to $646 from $428 -- and Barclays, which raised its rating to "overweight" from "equal weight" and its target price to $700 from $412. Heading into today's trading, the stock was already boasting an impressive 55.4% year-to-date lead to trade at $482.18 -- and the options market was pricing in a much slimmer post-earnings move. Regardless, option traders should be pleased with this projected move. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX),, Inc.'s 10-day call/put volume ratio of 1.21 ranks in the 65th annual percentile, meaning calls have been bought to open over puts at a faster-than-usual clip.

  • SBUX is also set to explore uncharted territory today, after the firm unveiled better-than-expected fiscal third-quarter earnings, as well as a new buyback program. As we suspected earlier this month, a bevy of brokerage firms boosted their price targets on SBUX, including Wedbush (to $70), Guggenheim (to $68), and Barclays (to $54), with the latter remarking it was "among the strongest and most remarkable quarters" for the company. Specifically, after closing last night at $56.56 -- its highest settlement to date -- the shares are up 5.5% ahead of the bell. Should Starbucks Corporation extend this momentum, a mass exodus of option bears could help fuel the stock's fire. The security's 10-day ISE/CBOE/PHLX put/call volume ratio of 0.67 ranks higher than 75% of all similar readings taken in the past year.

  • Not to be left out, JNPR is eyeing an 8% pop out of the gate -- and a move to levels not seen since January 2014 -- thanks to a strong showing in the earnings confessional, a fresh share repurchase plan, and a round of upbeat analyst notes. MKM Partners, for example, raised its rating to "neutral" from "sell" and its fair value to $28 from $22. Cantor, meanwhile, upped its price target to $36 from $31, territory not seen in more than four years. Another round of upgrades and/or price-target hikes could come down the pike, should Juniper Networks, Inc. continue to add to its nearly 19% 2015 gain. Roughly 64% of analysts maintain a "hold" or worse suggestion, while the average 12-month price target of $26.02 stands at a discount to Thursday's close at $26.49.
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