Analyst Upgrades: Netflix, Inc., International Business Machines Corp., and Genocea Biosciences Inc

Analysts upwardly revised their ratings and price targets on Netflix, Inc. (NFLX), International Business Machines Corp. (IBM), and Genocea Biosciences Inc (GNCA)

Apr 1, 2016 at 9:24 AM
facebook X logo linkedin

Analysts are weighing in on streaming media giant Netflix, Inc. (NASDAQ:NFLX), tech stock International Business Machines Corp. (NYSE:IBM), and biotech concern Genocea Biosciences Inc (NASDAQ:GNCA). Here's a quick roundup of today's bullish brokerage notes on NFLX, IBM, and GNCA.
  • RBC increased its price target on IBM to $155 from $135 -- more in line with the stock's Thursday close of $151.45. International Business Machines Corp. is ahead 10% so far in 2016, rallying about 30% from its mid-February five-year low of $116.90. However nine out of 16 analysts following IBM still rate it a "hold" or worse. And at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the equity's 10-day put/call volume ratio of 0.89 is higher than three-fourths of all readings in the last 12 months. And unwinding of this lingering bearish sentiment in the face of IBM's strong technical performance could help keep its rally going.
  • After nearly doubling in value on Thursday to settle at $7.74 -- thanks to some upbeat drug data --  GNCA received a price-target hike at Stifel, to $13 from $11. The shares are set to drop 4% at the open, after yesterday's surge sent Genocea Biosciences Inc's 14-day Relative Strength Index (RSI) to 78 -- in overbought territory. Still, an unwinding of bearish sentiment from short sellers could soon help the stock add to its now 47% year-to-date lead. In fact, it would take nearly four weeks to cover all of GNCA's shorted shares, at the stock's average pace of trading.
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 calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI