Analyst Upgrades: QUALCOMM, Inc., Microsoft Corporation, and, inc.

Analysts upwardly revised their ratings and price targets on QUALCOMM, Inc. (QCOM), Microsoft Corporation (MSFT), and, inc. (CRM)

Jan 13, 2016 at 9:28 AM
facebook twitter linkedin

Analysts are weighing in on technology interests QUALCOMM, Inc. (NASDAQ:QCOM)Microsoft Corporation (NASDAQ:MSFT), and, inc. (NYSE:CRM). Here's a quick roundup of today's bullish brokerage notes on QCOM, MSFT, and CRM.

  • QCOM is set to pop 2.6% over its Tuesday close of $46.52, thanks to an upgrade to "positive" from "neutral" at Susquehanna. The brokerage firm also raised its price target on QUALCOMM, Inc. to $60 from $53, and suggested that the worst is over for the company. The security has been sliding on the charts since mid-2014, and hit a new five-year low of $45.33 on Monday. But if this upgrade, alongside a new joint venture, sparks a big rally for the shares, bullish option traders should be thrilled. On the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), QCOM calls have been bought to open nearly 5-to-1 over puts during the last 10 trading days. What's more, the resulting call/put volume ratio of 4.80 is higher than 87% of all comparable readings from the last year.
  • Morgan Stanley upgraded MSFT to "overweight" from "equal weight," and boosted its price target to $66 from $57, sending the shares 2.3% higher in pre-market trading. The brokerage cited confidence in Microsoft's "strong" position in cloud-based services and "less risk in Windows," but not everyone is convinced. Six of 21 analysts still say MSFT is a "hold" or "sell." Since hitting a near 15-year high just before the end of the year, MSFT has trended lower with the broader equities market, and could run into a speed bump in the formerly supportive $52-$54 region. MSFT closed Tuesday at $52.78.
  • CRM is pointed 0.5% higher ahead of the open, as Brean Capital initiated coverage on the security with a "buy" rating and a price target of $100 -- a 34% premium over, inc.'s Tuesday close of $74.46. The stock has been trending higher for years, and added more than 32% in 2015 alone, hitting an all-time high of $82.90 in November. It's little wonder that 28 out of 31 brokerages currently call CRM a "buy" or better. But there is still room for more optimism on the options side. Specifically, the stock's 50-day put/call volume ratio of 0.59 is higher than 71% of the past year's readings. Should these bears abandon their positions, the shares could be on their way to new highs.

Sign up now for Schaeffer's Opening View newsletter to get a head start on all the major pre-market news!

If you are not making money with options, you aren’t buying options like this…

There is no options strategy that more perfectly approaches trading the fastest moving and most volatile stocks available in the marketplace than this one. In fact, there is no strategy that better utilizes put options for optimal returns and a real trading edge over other traders in the exact same market. New options traders fail out at an incredible rate without proper trade research, execution timing, and option picking. Capitalize on Schaeffer’s 100+ years of options trading excellence with the most coveted product launch in company history. Don't waste another second... join us right now before the next round of trades are released!

Schaeffer's Investment Research Master Portfolio Trial


Special Offers from Schaeffer's Trading Partners