Analyst Upgrades: T-Mobile US Inc, Facebook Inc, and Alphabet Inc

Analysts upwardly revised their ratings and price targets on telecommunications firm T-Mobile US Inc (TMUS), social media stock Facebook Inc (FB), and tech titan Alphabet Inc (GOOGL)

Jan 23, 2017 at 9:51 AM
facebook X logo linkedin

Analysts are weighing in on telecommunications firm T-Mobile US Inc (NASDAQ:TMUS), social media stock Facebook Inc (NASDAQ:FB), and tech titan Alphabet Inc (NASDAQ:GOOGL). Here's a quick roundup of today's bullish brokerage notes on TMUS, FB, and GOOGL.

  • TMUS is up 1.9% at $60.74 -- and fresh off a record high of $60.80 -- after J.P. Morgan Securities said telecom companies could be on the brink of consolidation under President Trump's more business-minded administration. In particular, J.P. Morgan Securities sees a 90% chance of a strategic transaction for T-Mobile US Inc in the next five years, including a 65% likelihood of a buyout. TMUS shares have been steadily tracking higher, adding over 82% since their February lows. Short interest in TMUS shares is down 2.4% over the last reporting period, though shorted shares still account for 7.1% of TMUS' float, which would take 11.7 sessions to cover, at the stock's average daily volume. If short sellers continue to exit, this could fuel TMUS' climb higher.

  • FB is up 0.7% at $127.96, after Goldman Sachs said it expects Facebook Inc to deliver a strong fourth-quarter earnings report in early February. The brokerage firm also maintained its "buy" rating and price target of $162 -- in uncharted territory. FB shares recently broke out above resistance in the $124-$125 area that had contained the shares since an early November bear gap. In the option pits, FB's 10-day call/put volume ratio shows nearly two calls bought to open for every put at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), a reading that sits higher than 83% of all others from the last 12 months.

  • GOOGL is up 1.2% at $838.37 -- and just off its own all-time high of $839.28 -- after BMO issued a price-target hike to $1,000 from $960. In addition, Barron's waxed optimistic on the stock (subscription required), predicting a 20% jump thanks to YouTube and digital ad growth. GOOGL is now up more than 24% from its late-June lows, and most analysts are already in the bulls' corner. In the option pits, GOOGL's near-term option buyers are getting some bang for their buck, with the stock's Schaeffer's Volatility Index (SVI) of 22% sitting just 1 percentage point from an annual low, just over a week ahead of Alphabet Inc's Feb. 1 earnings report.
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