Facebook, Square, Tesla Stocks Upgraded

Facebook, Square, and Tesla stocks are on analysts' bullish radar today

May 4, 2017 at 9:46 AM
facebook X logo linkedin

Analysts are weighing in on social media stock Facebook Inc (NASDAQ:FB), electronic payment specialist Square Inc (NYSE:SQ), and electric car name Tesla Inc (NASDAQ:TSLA). Here's a quick roundup on today's bullish brokerage notes on shares of FB, SQ, and TSLA.

Facebook Stock Retreats After Earnings Flub

FB stock is trading down 1.3% at $149.91, after the company unveiled its first-quarter earnings report. Though beating analysts' estimates on a generally accepted accounting principles (GAAP) basis, Facebook Inc threw Wall Street for a loop when it unexpectedly said it will no longer report non-GAAP numbers, which strip out stock-based compensation. Additionally, Chief Financial Officer David Wehner warned of declining ad revenue growth.

Nevertheless, Facebook stock has received a bevy of post-earnings price-target hikes, including one from Jefferies to $192 from $175 -- in never-before-seen territory. Additionally, Needham boosted its 2017 and 2018 earnings-per-share estimates, saying the "strong get stronger." Longer term, FB stock had surged almost 32% year-to-date heading into today's trading, and hit a record high of $153.63 yesterday. As such, its 14-day Relative Strength Index (RSI) settled Wednesday at 86, suggesting Facebook shares are deeply oversold, and may have been due for a near-term pullback.

Square Stock at Record High After Earnings, PT Hikes

SQ stock has jumped 6.1% out of the gate to trade at a record high $19.40, after Square earnings easily topped expectations. What's more, the results were met with a round of upwardly revised price targets, with Compass Point boosting its target to $23 from $19 -- the most optimistic outlook of the bunch. Square stock had already turned in an impressive performance in 2017, and was up more than 34% before today's session started. Short sellers, meanwhile, are likely kicking rocks. Short interest on Square Inc surged 18.2% in the two most recent reporting periods to 14.9 million shares -- the most since mid-December.

Tesla Stock Pulls Back as Quarterly Loss Widens

TSLA stock is trading 2.3% lower at $303.67, as the company's wider-than-expected first-quarter loss overshadows strong revenue numbers. While analysts have been fairly quiet in the wake of Tesla's earnings, J.P. Morgan Securities raised its price target on the stock to $190 from $185. Nevertheless, this stands at a sharp discount to TSLA stock's current perch, and sits in territory the shares haven't seen since early December. In fact, Tesla Inc shares topped out at a record peak of 327.66 on Tuesday. Should TSLA stock resume its longer-term uptrend, there's plenty of fuel to spark a short-covering rally. Short interest accounts for nearly one-quarter of TSLA's available float, and would take almost a week to cover, at the stock's average pace of trading.


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