Analyst Update: GameStop, Netflix, MaxPoint

Analysts adjusted their ratings on GameStop Corp. (GME), Netflix, Inc. (NFLX), and MaxPoint Interactive Inc (MXPT)

Nov 13, 2015 at 12:42 PM
facebook X logo linkedin

Analysts are weighing in today on gaming retailer GameStop Corp. (NYSE:GME), Internet streaming service Netflix, Inc. (NASDAQ:NFLX), and software interest MaxPoint Interactive Inc (NYSE:MXPT). Here's a quick roundup of today's brokerage notes on GME, NFLX, and MXPT.

  • GME is falling hard, after Pacific Crest downgraded the stock to "sector weight" from "overweight," and said it's not a "high-growth opportunity" as sellers increasingly distribute via digital download. GameStop Corp. was last seen trading at $37.95, down 14.8% -- earning a spot on the short-sale restricted (SSR) list. GME is now set for its lowest close since April, but existing short sellers should be happy with the development, as 45.4% of the stock's float is currently sold short -- which would take a whopping seven-and-a-half weeks to buy back, at GME's typical trading volumes. Meanwhile, 10 of 14 analysts following the security maintain a "buy" or better rating, leaving plenty of room for further losses if more downgrades occur.

  • NFLX is down 2.3% today, last seen trading at $106.45, in spite of a price-target hike to $121 from $110 at Citigroup. On top of broad-market headwinds, the shares are likely slumping on the news that competitor service Hulu is considering selling a stake to Time Warner Inc. (NYSE:TWX). Still, Netflix, Inc. has enjoyed an outstanding year on the charts, adding 117% so far in 2015. It's no surprise that analysts have a generally bullish outlook, with 17 of 28 firms following NFLX giving it a "buy" or better rating. While short sellers have lately plagued the streaming giant – more than 10% of the stock's available float is still sold short – options traders haven't been more optimistic during the past year. The security's 10-day call/put volume ratio on the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) stands at an annual high of 1.82. 

  • MXPT is the top percentage loser on the Big Board thus far, down 49.5% at $2.51. Earlier, the shares hit an all-time low of $2.36, after MaxPoint Interactive Inc issued lackluster current-quarter revenue guidance. As such, Needham downgraded MXPT to "hold" from "buy," while Deutsche Bank sliced its price target by $2 to $6. As with GME, MXPT has been relegated to the SSR list, but existing short sellers are likely jumping for joy. Short interest represents nearly eight sessions' worth of pent-up buying demand, at MXPT's average pace of trading.

For other stocks in analysts' crosshairs, read Analyst Upgrades: Yelp Inc, Wendys Co, and Toll Brothers Inc and Analyst Downgrades: Cisco Systems, Inc., Fossil Group Inc, and Nordstrom, Inc.


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