Apple, Gartner, Incyte Upgraded

Apple, Gartner, and Incyte shares are on analysts' bullish radar today

Mar 13, 2017 at 9:27 AM
facebook X logo linkedin


Analysts are weighing in on iPhone maker Apple Inc. (NASDAQ:AAPL), tech advisory firm Gartner Inc (NYSE:IT), and drug stock Incyte Corporation (NASDAQ:INCY). Here's a roundup of today's bullish brokerage notes on AAPL, IT, and INCY shares.

Credit Suisse Ups the Ante on Apple Shares

Analysts are again eyeing the $160 level for AAPL stock, with Credit Suisse bumping its price target to $160 from $150, saying its iPhone estimates remain intact. Apple Inc. has added over 20% year-to-date to trade at $139.14, but it still remains an opportune time to target near-term options. This is based on AAPL's Schaeffer's Volatility Index (SVI) of 15%, which is just 6 percentage points from an annual low. In short, near-term volatility expectations for the shares are very low at the moment. 

RBC names Gartner Stock a Top Pick

Shares of IT have also been hot in recent months, adding 17.2% since their early January low to trade at $105.95. Now, the stock is set to open in record-high territory, after RBC named it a "top pick," and raised its price target to $124 from $117, expressing confidence the company will be able to better manage CEB, which it purchased earlier this year. Even though Gartner Inc has been strong on the charts, short interest jumped by 18.8% during the past two reporting periods, and is now at its highest point since May. 

M&A Prospects Make Incyte Shares Even More Attractive

INCY is edging higher in pre-market trading, after Credit Suisse boosted its price target to $174 from $136, deeming the stock a valid M&A target amid recent reports Gilead Sciences, Inc. (NASDAQ:GILD) is interesting in buying the company. At $149.24, Incyte Corporation has already more than doubled in value year-over-year, and options activity remains call-heavy. For instance, INCY's 10-day call/put volume ratio at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) comes in at 1.65. 

Get a jump-start on the day's stock market news with Schaeffer's free Opening View newsletter.
 

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