Analyst Upgrades: Facebook Inc, Xilinx, Inc., and Nike Inc

Analysts upwardly revised their ratings on Facebook Inc (NASDAQ:FB), Xilinx, Inc. (NASDAQ:XLNX), and Nike Inc (NYSE:NKE)

Oct 15, 2015 at 9:28 AM
facebook X logo linkedin


Analysts are weighing in on social media powerhouse Facebook Inc (NASDAQ:FB), integrated circuit specialist Xilinx, Inc. (NASDAQ:XLNX), and athletic apparel firm Nike Inc (NYSE:NKE). Here's a quick roundup of today's bullish brokerage notes on FB, XLNX, and NKE.

  • FB is 1.1% higher in pre-market trading, thanks to an upgrade to "buy" at Argus, and a price-target hike to $127 from $106 at Pivotal Research. The shares settled at $94.07 on Wednesday, with the $94-$95 region capping their upside once again, as it has in recent months. During this grind, bears have emerged. Short interest on Facebook Inc increased by over 37% during the two most recent reporting periods. If shorts continue to pile on, the equity could break down on the charts. 

  • XLNX is looking at a 4.7% jump out of the gate, as the Street responds positively to the company's fiscal second-quarter earnings beat, and better-than-expected current-quarter sales forecast. Specifically, no fewer than 11 analysts upped their price targets on the stock. On the charts, the shares have bounced between $37 and $48 throughout 2015, settling last night at $45.38. In the options pits, traders are skeptical. Xilinx, Inc.'s 50-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) put/call volume ratio of 2.95 is only 3 percentage points from an annual high. This means put buying has been much more popular than normal. 

  • NKE is still carrying the momentum of its impressive showing in the earnings booth from the end of last month. Today, the shares are set to open 0.7% higher after FBR, UBS, Canaccord Genuity, D.A. Davidson, and Cowen and Company all raised their price targets on the stock, with the latter two firms setting the bar the highest at $145. This marks a 15% premium to Wednesday's settlement at $125.84, and territory never before charted. No matter, as hitting new highs has been no problem for Nike Inc, which reached a record peak of $127.10 earlier this week. That's probably why 78% of analysts rate the equity a "buy" or better. Sparking the bullish attention today was the company's ambitious fiscal 2020 revenue target of $50 billion, announced last night.
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!
 

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