Analyst Upgrades: Tesla Motors Inc, Marvell Technology Group Ltd., and salesforce.com, inc.

Analysts upwardly revised their ratings on Tesla Motors Inc (NASDAQ:TSLA), Marvell Technology Group Ltd. (NASDAQ:MRVL), and salesforce.com, inc. (NYSE:CRM)

Nov 18, 2016 at 9:27 AM
facebook X logo linkedin


Analysts are weighing in on electric car maker Tesla Motors Inc (NASDAQ:TSLA), semiconductor stock Marvell Technology Group Ltd. (NASDAQ:MRVL), and cloud concern salesforce.com, inc. (NYSE:CRM). Here's a quick roundup of today's bullish brokerage notes on TSLA, MRVL, and CRM.

  • TSLA is set to add over 1% out of the gate, after shareholders last night approved the company's acquisition of SolarCity Corp (NASDAQ:SCTY). What's more, CEO Elon Musk also said he expects the Model 3 sedan to be revealed next spring. The news prompted Baird to reiterate its bullish "outperform" assessment of the stock, and its $338 price target, which represents a 79% premium to last night's close of $188.66. However, Tesla Motors Inc has been trending lower since flirting with the $270 mark back in April, and most analysts do not share Baird's enthusiasm. Currently, just three of 17 brokerage firms recommend buying Tesla stock. 

  • Bullish notes are pouring in on MRVL following the company's third-quarter earnings beat, sending the shares 8% higher in electronic trading -- on track to notch a new annual high. Susquehanna was among at least 10 brokerage firms that raised their price targets, setting the bar at $17, while also upgrading the stock to "positive" from "neutral." The $17 mark represents territory Marvell Technology Group Ltd. hasn't seen since March 2011, though the shares have rallied 51.5% year-to-date -- closing last night at $13.36. Short-term options traders have favored near-the-money calls over puts, per MRVL's gamma-weighted Schaeffer's put/call open interest ratio (SOIR) of 0.28. 
  • CRM is up almost 6% in pre-market action, thanks to an impressive third-quarter earnings report and a better-than-expected outlook. Mizuho and Citigroup followed this up with price-target increases to $95, while Wedbush bumped its mark to $98 and BMO to $90. After closing Thursday at $75.19, today's expected move could put salesforce.com, inc. back into the black for 2016, and short sellers may be sweating. During the last two reporting periods alone, short interest on the stock rose by close to 62%, and now roughly 20 million shares are sold short, the most since May 2015.
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 C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI