Analyst Upgrades: Alphabet Inc, Barrick Gold Corporation, and Yahoo! Inc.

Analysts upwardly revised their ratings and price targets on Alphabet Inc (GOOGL), Barrick Gold Corporation (USA) (ABX), and Yahoo! Inc. (YHOO)

Apr 11, 2016 at 9:28 AM
facebook X logo linkedin


Analysts are weighing in on Internet powerhouse Alphabet Inc (NASDAQ:GOOGL), precious metals miner Barrick Gold Corporation (USA) (NYSE:ABX), and tech stock Yahoo! Inc. (NASDAQ:YHOO). Here's a quick roundup of today's bullish brokerage notes on GOOGL, ABX, and YHOO.
 
  • GOOGL saw its rating boosted to "buy" from "hold" at Pivotal Research, which also upped its price target to $970 from $800 -- representing record-high territory. Technically speaking, the stock has been unimpressive in 2016, down 2.4% year-to-date at $759.47 -- though it's tacked on 0.8% ahead of the bell. In recent weeks, Alphabet Inc has been consolidating just above the round $750 area. Meanwhile, brokerages are firmly in the stock's bullish corner, with 94% doling out "buy" or better recommendations, and not a single "sell" opinion to be found.
  • ABX has been a beast in 2016, more than doubling in value to trade at $15.18, and sitting not far from last month's annual high of $15.52. This positive momentum was met with a price-target hike to $16 from $12.50 at RBC, just the latest in a line of bullish brokerage notes for the outperforming stock. There's plenty of room for additional upgrades, too. Of the 14 analysts tracking Barrick Gold Corporation, 10 have handed out a "hold" or worse rating. Meanwhile, short-term options traders are extremely put-skewed toward the gold stock. ABX's Schaeffer's put/call open interest ratio (SOIR) of 1.35 sits just 2 percentage points from an annual high. In today's pre-market trading, the shares are perched 1.5% higher.
  • YHOO has been in the news lately as a number of companies vie for its assets, with the U.K.'s Daily Mail about to throw its hat into the ring. The collective buzz has helped the tech stock higher in 2016. At $36.07, Yahoo! Inc.'s year-to-date lead stands at a rock-solid 8.4%, and more upside could be just around the corner. Ahead of the open, the stock has advanced 1.2% after Pivotal Research dished out a price-target hike to $40 from $35 -- territory not charted since late June. Meanwhile, traders at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) have bought to open 5.72 YHOO calls for every put during the past two weeks -- with the resultant ratio ranking just 7 percentage points from a 12-month high.
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