Analyst Upgrades: Twitter Inc, Infoblox Inc, and Box Inc

Analysts upwardly revised their ratings and price targets on Twitter Inc (NYSE:TWTR), Infoblox Inc (NYSE:BLOX), and Box Inc (NYSE:BOX)

Josh Selway

Sep 1, 2016 at 9:27 AM

Analysts are weighing in on social media stock Twitter Inc (NYSE:TWTR), software company Infoblox Inc (NYSE:BLOX), and content collaboration specialist Box Inc (NYSE:BOX). Here's a quick roundup of today's bullish brokerage notes on TWTR, BLOX, and BOX.

TWTR looks poised to keep its impressive run going on the heels of an upbeat note at MKM Partners. The brokerage firm lifted its fair value on the stock to $18.50 from $14, boosting the shares 1.5% in pre-market trading. At $19.21, Twitter Inc has already outpaced the S&P 500 Index (SPX) by 25 percentage points in the past three months. Yet, while options traders have grown bullish, most analysts remain bearish. By the numbers, 22 of 26 brokerage firms have a "hold" or worse rating on the stock.

After soaring on Wednesday due to reports the company is selling itself, BLOX is edging lower in electronic trading, even after a better-than-expected earnings report and a round of bullish analyst attention. For example, Cowen was one of at least four brokerage firms to raise its price target, setting the bar at $32 -- a level Infoblox Inc hasn't seen in more than two years. The shares settled at $21.46 on Wednesday, putting their year-to-date lead at 16.7%. Options traders are likely hoping for more upside, considering the stock's Schaeffer's put/call open interest ratio (SOIR) of 0.28. Not only does this mean call open interest more than triples put open interest among options expiring within three months, but it also sits below 89% of the past year's readings.
BOX is set to open 2.6% lower, despite quarterly results that topped Wall Street's expectations. Nonethless, Canaccord Genuity raised its price target to $17 from $16, The shares had been gaining in the weeks leading up to the report, but, at $13.74 as of Wednesday's close, are still below breakeven in 2016. This underperformance is just fine with short sellers, who control close to one-quarter of Box Inc's total float -- or a stunning 18 days' worth of buying power, at normal daily volumes.

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