Analysts upwardly revised their ratings and price targets on CTXS, LVS, and PYPL stocks
Analysts are weighing in on tech stock Citrix Systems, Inc. (NASDAQ:CTXS), gaming issue Las Vegas Sands Corp. (NYSE:LVS), and digital payments platform Paypal Holdings Inc (NASDAQ:PYPL). Here's a quick roundup of today's bullish brokerage notes on shares of CTXS, LVS, and PYPL.
Earnings Beat, Upgrade Fail to Boost Citrix Stock
CTXS is pointed 4.4% lower ahead of the opening bell, even after an earnings beat and a bullish brokerage note. Specifically, Baird upgraded the stock's rating to "outperform," and bumped its price target up to $90 -- in 17-year-high territory. Yesterday, Citrix Systems, Inc. shares settled at $84.12, up 18% year-to-date. Yet, the brokerage bunch has been slow to embrace CTXS stock, today notwithstanding, with 12 of 15 analysts doling out "hold" or worse opinions.
Las Vegas Sands Stock Pointed Lower Post-Earnings
LVS is fresh off an earnings beat, which prompted Telsey Advisory and Stifel to raise their respective price targets to $62 and $66. Nevertheless, the stock is down 2.6% in electronic trading, after landing yesterday at $59.26 -- and on a 28.6% year-over-year lead. Las Vegas Sands Corp. options traders have been surprisingly skeptical toward the technical outperformer. During the past 10 days at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), LVS stock has amassed a put/call volume ratio of 0.99 -- in the 83rd percentile of its annual range.
Paypal Stock Signals Record High
An upbeat earnings report has Wall Street cheering PYPL. So far, the stock has received no fewer than eight price-target hikes, with KBW and Susquehanna both setting the bar at $55. This target is considerably higher than Wednesday's record peak of $45.04, which Paypal Holdings Inc hit before settling at $44.41. The shares could topple that milestone today, perched 4.7% higher ahead of the opening bell. Plus, based on PYPL stock's short interest ratio (SIR) of 5.60, plenty of pent-up buying power is currently sitting on the sidelines.