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 X logo 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

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 calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI