Analyst Upgrades: Facebook Inc, Expedia Inc, and GoDaddy Inc

Analysts upwardly revised their ratings on Facebook Inc (FB), Expedia Inc (EXPE), and GoDaddy Inc (GDDY)

Nov 5, 2015 at 9:19 AM
facebook X logo linkedin

Analysts are weighing in on social network Facebook Inc (NASDAQ:FB), travel website Expedia Inc (NASDAQ:EXPE), and Web domain market GoDaddy Inc (NYSE:GDDY). Here's a quick roundup of today's bullish brokerage notes on FB, EXPE, and GDDY.

  • FB is pointed 5% higher ahead of the bell -- and poised to open at a new record high -- after the company posted better-than-expected quarterly results. Adding to the bullish bias, no fewer than 22 analysts upped their price targets on the stock, with Piper Jaffray setting the highest mark, at $155. This morning's expected bull gap could have Facebook Inc put buyers on edge. During the past 10 weeks at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the equity has amassed a put/call volume ratio of 0.50 -- in the 81st percentile of its annual range. An unwinding of this negativity could create further tailwinds for FB. Last night, the shares settled at $103.94, up 33.2% year-to-date.
  • EXPE just announced the purchase of HomeAway, Inc. (NASDAQ:AWAY) for nearly $4 billion in cash and stock, hoping the acquisition will help it compete with AirBnB. Responding to the news, Evercore ISI boosted its price target on Expedia Inc to $155 from $145, while Cowen and Company raised its price target to $180 from $160, setting up the shares to jump 3.6% at the open. In fact, after closing last night at $134.17 -- just below its record high of $139.58 from Oct. 30 -- the stock looks set to make a run at a new technical milestone. This could be fueled by a mass exodus of short sellers. Nearly 11% of EXPE's float is sold short, representing 6.6 days' worth of pent-up buying power, at typical volumes.
  • GDDY reported strong quarterly results last night, raised its full-year guidance, and said it expects to be profitable in the fourth quarter, winning the admiration of Wall Street analysts. Specifically, RBC, Piper Jaffray, Citigroup, and Deutsche Bank each boosted its price target on the stock, which has been trending higher of late atop its 20-day moving average, settling yesterday at $27.43. In fact, since hitting its most recent low of $23.39 on Sept. 29, GoDaddy Inc has advanced over 17%. With the shares pointed 7.7% higher pre-market, short sellers may be on pins and needles. An astounding 64% of the stock's float is sold short, which would take over two weeks to buy back, at GDDY's average trading levels.
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 calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI