Analyst Update: Facebook Inc, Twitter Inc, and Silver Wheaton Corp.

Analysts revised their ratings and price targets on Facebook Inc (NASDAQ:FB), Twitter Inc (NYSE:TWTR), and Silver Wheaton Corp. (USA) (NYSE:SLW)

by Karee Venema

Published on Apr 11, 2016 at 3:10 PM

Analysts are weighing in on tech stocks Facebook Inc (NASDAQ:FB) and Twitter Inc (NYSE:TWTR), as well as mining firm Silver Wheaton Corp. (USA) (NYSE:SLW). Here's a quick roundup of today's brokerage notes on FB, TWTR, and SLW.

  • Ahead of this week's F8 developer's conference -- which is slated to kick off tomorrow -- FB saw its price target raised to $154 from $136 at Pivotal Research. Not only does this stand at a 40% premium to the stock's current perch, but it sits well above FB's Feb. 2 all-time high of $117.59. Nevertheless, the shares are off 0.9% at $109.68 this afternoon, extending Friday's slide. Longer term, FB remains a technical outperformer, though, up 32% year-over-year. What's more, the stock's recent sell-off has stalled out at FB's rising 50-day moving average -- a trendline that's been supporting the shares since mid-February. Analysts remain firmly in Facebook Inc's favor, too, with all but one of the 28 brokerages following the shares maintaining a "buy" or better, and not a single "sell" opinion to be found.

  • Pivotal Research also chimed in on TWTR, resulting in a price-target hike to $39 from $32. The stock is failing to capitalize on the bullish brokerage note, however, and was last seen off 1% at $16.49. TWTR's technical troubles have been fodder for the Street for some time now, with the shares down 68% year-over-year. In spite of this, options traders have been initiating long calls over puts at a rapid-fire rate. Twitter Inc's 10-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) call/put volume ratio of 4.04 ranks higher than 92% of all comparable readings taken in the past year.

  • Commodity stocks are soaring today, thanks to upbeat attention from RBC. SLW, for instance, had its price target upwardly revised to $21 from $20 by the brokerage firm. As such, the shares are up 5% at $17.32. This positive price action only highlights the equity's longer-term prowess, with SLW up more than 39% year-to-date. Nonetheless, options traders have been growing skeptical lately. Specifically, Silver Wheaton Corp.'s 10-day ISE/CBOE/PHLX put/call volume ratio has jumped to 0.99 from 0.49 over the past two weeks, and now ranks in the 96th percentile of its annual range.
For other stocks in analysts' crosshairs, read Analyst Upgrades: Alphabet Inc, Barrick Gold Corporation, and Yahoo! Inc. and Analyst Downgrades: Goldcorp Inc., Norfolk Southern Corp., and SAP SE.

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