Analyst Upgrades: Salesforce.com, Inc., Allergan PLC, and Ctrip.com International, Ltd.

Analysts upwardly revised their ratings on Salesforce.com, Inc. (CRM), Allergan PLC (AGN), and Ctrip.com International, Ltd. (ADR) (CTRP)

Nov 19, 2015 at 9:28 AM
facebook X logo linkedin


Analysts are weighing in on cloud computing concern Salesforce.com, Inc. (NYSE:CRM), drugmaker Allergan PLC (NYSE:AGN), and online travel agent Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP). Here's a quick roundup of today's bullish brokerage notes on CRM, AGN, and CTRP.

  • CRM reported better-than-expected quarterly results last night, and also issued an upbeat outlook, prompting a series of bullish analyst notes. No fewer than 17 brokerage firms boosted their price targets on the stock, with Pivotal Research and Credit Suisse setting the highest bar, at $100. As a result, Salesforce.com, Inc. is poised to pop over 5% at the open -- and into record-high territory -- after settling yesterday at $77.35. This is good news for option bulls, of which there are many. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), CRM has racked up a 50-day call/put volume ratio of 3.78 -- just 1 percentage point from an annual peak. In other words, traders have been buying to open calls over puts at an accelerated clip in recent months.
  • Last night, a Bloomberg report said Pfizer Inc. (NYSE:PFE) is in advanced talks to purchase AGN for as much as $380 per share, building on prior M&A rumblings. Responding to the development, Susquehanna bumped its price target on Allergan PLC to $370 from $350. Nonetheless, the stock is pointed 1.5% lower pre-market, relative to last night's close at $310.80. In the options pits, call buying has been all the rage in recent months. According to data at the ISE, CBOE, and PHLX, AGN has amassed a 50-day call/put volume ratio of 2.10, with calls bought to open more than doubling puts. What's more, this ratio ranks in the 95th percentile of its 52-week range.
  • CTRP is up 12% ahead of the open, after the company reported encouraging third-quarter sales results, as well as current-quarter revenue guidance above the Street's consensus estimate. The stock has already more than doubled in value year-to-date, settling at $95.07 yesterday -- and is now on track to notch an all-time high out of the gate, despite a rough start to the week. Adding to the bullish bias, Brean and Oppenheimer both raised their price targets to a lofty $130, while Citigroup, Stifel, and Raymond James also upped their targets. Even before today, the brokerage crowd was extremely optimistic toward Ctrip.com International, Ltd., with all 11 covering analysts handing out a "buy" or better rating.
Sign up now for Schaeffer's Opening View newsletter to get a head start on all the major pre-market news!
 

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