Analyst Upgrades: Alphabet, Tower Semiconductor, Microsoft

Analysts upwardly revised their ratings on Alphabet Inc (NASDAQ:GOOGL), Tower Semiconductor Ltd. (USA) (NASDAQ:TSEM), and Microsoft Corporation (NASDAQ:MSFT)

Nov 11, 2015 at 9:26 AM
facebook X logo linkedin


Analysts are weighing in on search giant Alphabet Inc (NASDAQ:GOOGL), Israel-based chipmaker Tower Semiconductor Ltd. (USA) (NASDAQ:TSEM), and Windows parent Microsoft Corporation (NASDAQ:MSFT). Here's a quick roundup of today's bullish brokerage notes on GOOGL, TSEM, and MSFT.

  • MKM Partners raised its price target on GOOGL in a big way, pushing the shares 0.5% higher ahead of the open. Specifically, the brokerage firm boosted its price target by $135 to $940, which represents a roughly 24% premium to Tuesday's close at $758.26, and territory never before explored by the stock. Bullish analyst attention is nothing new for Alphabet Inc, with 31 of 33 covering analysts calling it a "buy" or better, and not a single "sell" rating on the books. With the shares sitting nearly 43% higher in 2015 -- and just off their all-time peak of $766.35, notched last week -- you can't really blame anyone for being bullish. 
  • Despite reporting a record-breaking quarter and predicting an "excellent" 2016, TSEM is pointed 0.4% lower in electronic trading -- which would cut in to the stock's 8% year-to-date gain at $14.40. The equity is also set to shrug off a price-target hike to $17 from $14 at Leader Capital Markets. To get to that price level, though, Tower Semiconductor Ltd. would need to overcome its 200-day moving average, which has been weighing on the shares since early July. A shift in option trader behavior could help. TSEM's Schaeffer's put/call open interest ratio (SOIR) of 0.77 stands higher than 83% of all other readings from the past year. This means short-term speculators are more put-skewed than normal. 
  • Thanks to a price-target increase to $60 from $54 at CLSA, MSFT will look to add to its 15.2% year-to-date lead, closing Tuesday at $53.51. In the options pits, traders have been betting on extended gains for the stock. Microsoft Corporation sports a 10-day call/put volume ratio of 2.16 at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which ranks higher than 73% of all readings from the past year. In other words, call buying has been faster than usual of late.  In other news, MSFT plans to open data centers in Germany next year to serve its European customers.
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