Analyst Upgrades: Netflix, Inc., NVIDIA Corporation, and Zynga Inc

Analysts upwardly revised their ratings on Netflix, Inc. (NFLX), NVIDIA Corporation (NVDA), and Zynga Inc (ZNGA)

Aug 7, 2015 at 9:31 AM
facebook twitter linkedin

Analysts are weighing in today on "House of Cards" producer Netflix, Inc. (NASDAQ:NFLX), visualization expert NVIDIA Corporation (NASDAQ:NVDA), and mobile gaming giant Zynga Inc (NASDAQ:ZNGA). Here's a quick roundup of today's bullish brokerage notes on NFLX, NVDA, and ZNGA.

  • NFLX has been a technical beast, rallying 159% year-to-date at $126.45, and hitting a record high of $129.29 on Wednesday. The stock could make a run at that milestone this morning, up 1% pre-market on a bullish note from Pivotal Research. Specifically, the brokerage firm raised its price target to $175 from $155. Netflix, Inc. is no stranger to positive analyst attention. Eighteen of 28 brokerages have doled out "buy" or better opinions. However, there remains room for future price-target hikes, as NFLX's consensus 12-month price target of $114.54 stands at a discount to current trading levels.

  • NVDA's second-quarter earnings beat and strong revenue forecast are being well-received on the Street. Specifically, Roth Capital upped its rating to "buy" from "neutral," while no fewer than eight analysts boosted their price targets -- including by Topeka Capital, which lifted its target to $24 from $23, saying it believes, "NVDA can benefit from newer drivers such as the launch of a new PC operating system and new game title launches." As such, NVIDIA Corporation is pointed 9% north ahead of the bell -- and on track to take out the $22 mark for the first time since late June. Heading into today, though, the shares have gained just 2% year-to-date. As such, traders have bought to open puts over calls at an accelerated clip in recent weeks, per data from the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX). NVDA's 10-day put/call volume ratio of 1.64 outranks all but 10% of comparable readings taken in the last year.

  • ZNGA revealed a narrower-than-expected second-quarter loss, but forecast current-quarter bookings below estimates, as well. The company also declined to comment on rumors it may go private, and announced a partnership with Time Warner Inc's (NYSE:TWX) Warner Bros. Entertainment to create Willy Wonka-themed casino games. Zynga Inc is currently up 4.5% in electronic trading, as it tries to claw its way back into the black for 2015 after finishing at $2.45 last night. In the options pits, traders have been rolling the dice on a breakout to the upside. ZNGA's 50-day ISE/CBOE/PHLX call/put volume ratio of 11.51 ranks in the 90th percentile of its annual range.

Want an even earlier advantage on the biggest news before the bell? Sign up now to get Schaeffer's Opening View delivered straight to your inbox!


Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 


300x250 - Banner 3 - v1