Analyst Upgrades: Intel Corporation, Netflix, Inc., and Del Taco Restaurants Inc

Analysts upwardly revised their ratings and price targets on Intel Corporation (INTC), Netflix, Inc. (NFLX), and Del Taco Restaurants Inc (TACO)

Oct 18, 2016 at 9:04 AM
facebook twitter linkedin

Analysts are weighing in on blue chip Intel Corporation (NASDAQ:INTC), streaming content stock Netflix, Inc. (NASDAQ:NFLX), and fast-food firm Del Taco Restaurants Inc (NASDAQ:TACO). Here's a quick roundup of today's bullish brokerage notes on INTC, NFLX, and TACO.

  • INTC is pointed 1.6% higher pre-market, after Barclays upped its rating to "overweight" from "equal weight," and raised its price target to $45 from $38 -- territory not charted since late 2000. Given that the shares settled Monday at $37.29, they could make a run at their recent 15-year high of $38.36 today, with earnings scheduled after the close. Bullish options traders certainly wouldn't object. Intel Corporation has seen 1.65 calls bought to open for every put during the past 10 days at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX). The corresponding call/put volume ratio ranks in the top quartile of its annual range.
  • NFLX is poised to gap 18.5% higher at the open, following a blowout earnings report and strong subscriber additions. Adding to the momentum, no fewer than 18 analysts raised their price targets on the stock, which could flirt with levels not seen since January and muscle into positive year-to-date territory. About the only detractor this morning has been Credit Suisse, which trimmed its price target on Netflix, Inc. to $130 from $132. Option bulls should be in good shape. Over the last 10 weeks, NFLX has racked up a call/put volume ratio of 1.38, outstripping 81% of all readings taken in the previous 12 months. Yesterday, the shares settled at $99.80, but a foray into triple digits is all but guaranteed at this point.
  • TACO has advanced 8.1% in electronic trading, basking in the glow of an upbeat earnings report and positive analyst attention. Specifically, Piper Jaffray, Jefferies, and BTIG all boosted their price targets on the stock, which ended Monday at $12.63 -- up 18.6% year-to-date. An unwinding of short interest could contribute to additional gains for Del Taco Restaurants Inc, too. After all, 14.5% of the stock's float is sold short, which would take over two weeks to cover, at TACO's typical trading levels.
Don't miss the market's next move! Sign up now for Schaeffer's Midday Market Check

If you are not making money with options, you aren’t buying options like this…

There is no options strategy that more perfectly approaches trading the fastest moving and most volatile stocks available in the marketplace than this one. In fact, there is no strategy that better utilizes put options for optimal returns and a real trading edge over other traders in the exact same market. New options traders fail out at an incredible rate without proper trade research, execution timing, and option picking. Capitalize on Schaeffer’s 100+ years of options trading excellence with the most coveted product launch in company history. Don't waste another second... join us right now before the next round of trades are released!

Schaeffer's Investment Research Master Portfolio Trial


Special Offers from Schaeffer's Trading Partners