Disney, Twilio, Twitter Upgraded

Walt Disney Co (DIS), Twilio Inc (TWLO), and Twitter Inc (TWTR) have received bullish analyst notes on Wall Street

Feb 8, 2017 at 9:35 AM
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Analysts are weighing in on Dow stock Walt Disney Co (NYSE:DIS), cloud concern Twilio Inc (NYSE:TWLO), and social media giant Twitter Inc (NYSE:TWTR). Here's a roundup of today's bullish brokerage notes on DIS, TWLO, and TWTR.

Analysts Applaud Disney Earnings Beat

DIS reported better-than-expected earnings, but revenue came up short, pressured by a decline in advertising at ESPN. CEO Bob Iger also expressed his openness to extending his term "if it is in the best interest of the company." Separately, Walt Disney Co reportedly struck licensing deal with Alphabet Inc's (NASDAQ:GOOGL) YouTube to stream ABC, ESPN, and other networks, according to The Wall Street Journal (subscription required).

On the sentiment front, Instinet and Goldman Sachs raised their price targets on DIS stock to $120 and $138, respectively -- the latter of which resides in record-high territory -- while RBC set its price target at an optimistic $130, saying digital distribution is "what unlocks the stock." The shares are up 1.2% at $110.33, and have rebounded sharply since their October lows just above the $90 level. If this price action continues, it could prompt even more bullish analyst attention, as nearly half of Disney's covering brokerage firms have designated it either a "hold" or a "strong sell."

Twilio Signals Post-Earnings Breakout

TWLO topped fourth-quarter earnings expectations, prompting Canaccord Genuity and Pacific Crest to raise their price targets to $40, while Mitsubishi UFJ bumped its target to $32.50. As such, the shares have shot 2.7% higher out of the gate to trade at $31.84, suggesting that their year-to-date momentum will continue. So far in 2017, Twilio Inc has already advanced over 10%. The stock could benefit from a capitulation among short sellers, as nearly 30% of its float is dedicated to short interest.

BTIG Upgrades Twitter, Citing Active User Acceleration

Ahead of tomorrow morning's earnings report, TWTR saw its rating raised to "buy" from "neutral" at BTIG, which cited accelerating active user growth in the wake of the U.S. presidential election. The stock is up 1.5% as a result at $18.54, and could try to close north of its 320-day moving average for the first time since early October. Options traders have been banking on a Twitter Inc rally. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the stock has amassed a top-heavy 10-day call/put volume ratio of 4.85 -- in the bullishly skewed 86th annual percentile.

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