Analyst Upgrades: Tesla Motors Inc, salesforce.com, inc., and Silver Wheaton Corp.

Analysts upwardly revised their ratings and price targets on Tesla Motors Inc (NASDAQ:TSLA), salesforce.com, inc. (NYSE:CRM), and Silver Wheaton Corp. (USA) (NYSE:SLW)

by Alex Eppstein

Published on May 12, 2016 at 9:22 AM

Analysts are weighing in on automaker Tesla Motors Inc (NASDAQ:TSLA), cloud concern salesforce.com, inc. (NYSE:CRM), and mining firm Silver Wheaton Corp. (USA) (NYSE:SLW). Here's a quick roundup of today's bullish brokerage notes on TSLA, CRM, and SLW.

  • TSLA saw its price target raised to $320 from $310 at Evercore ISI -- a 53% premium to last night's settlement at $208.96. This is just the latest round of bullish brokerage attention for the automotive stock, though nine of 16 analysts still rate Tesla Motors Inc a "hold" or worse. On the charts, the shares haven't exactly set the world on fire. Since hitting a near-term high of $269.34 in early April, TSLA has surrendered 22.4% of its value, and faces a potential layer of resistance at this key trendline. Ahead of the open, though, the stock is pointed 1.1% higher.
  • Barclays boosted its price target on CRM to $88 from $72 -- all-time-high territory -- ahead of next Wednesday evening's earnings report. The stock landed at $75.79 yesterday, and has spent the better part of the last two months trading sideways in the $73-$78 neighborhood. However, shares of salesforce.com, inc. recently took a bounce off of their 160-day moving average, which could help the stock break out of its range-bound pattern. Meanwhile, options traders have been gambling on a downside move at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX). CRM's 10-day put/call volume ratio of 0.80 ranks in the high 91st annual percentile.
  • Precious metal stocks have been on a tear recently, and SLW is no exception. Year-to-date, shares of the silver producer have advanced over 55% to rest at $19.28, and hit an annual high of $21.14 as recently as May 2. Responding to this technical tenacity, BMO upped its rating to "outperform" from "market perform," and lifted its price target to $24 from $19.50. This is par for the course, as far as the brokerage crowd is concerned. An astounding 85% of analysts consider Silver Wheaton Corp. worthy of a "buy" or better endorsement, with not a single "sell" recommendation to be found.
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