HPQ, AERI, NFLX Stocks Upgraded Today

Piper Jaffray thinks Netflix stock could be headed to $190

May 25, 2017 at 9:34 AM
facebook X logo linkedin


Analysts are weighing in on tech stock HP Inc (NYSE:HPQ), biotech Aerie Pharmaceuticals Inc (NASDAQ:AERI), and streaming name Netflix, Inc. (NASDAQ:NFLX). Here's a quick roundup of today's bullish brokerage notes on shares of HPQ, AERI, and NFLX.

HPQ Stock Set for New Highs After Earnings

HP reported adjusted earnings of 40 cents per share on revenue of $12.39 billion for the fiscal second quarter, better than analysts were expecting. Wall Street was quick to chime in, too, with HPQ stock receiving no fewer than five price-target hikes, including one to $22 from $20 at BofA-Merrill Lynch -- territory not charted since February 2011.

After closing last night at $19.01, HPQ stock is set to pop 4% out of the gate to a new six-year high. HPQ shares were already up 28% heading into today's trading, and today's projected price move could draw more bullish brokerage notes. Of the 16 analysts covering HP Inc, nine maintain a tepid "hold" rating.

AERI Stock Signals Record High After Strong Glaucoma Drug Data

AERI stock is up 39% in electronic trading -- set to open at an all-time peak -- after the company reported strong data for its glaucoma treatment. Adding fuel to the bullish flames is Canaccord Genuity's upwardly revised price target to $60 from $56. Today's expected price action would have Aerie Pharmaceuticals breaking out above recent from its 30-day moving average. Plus, AERI shares could get an additional boost, should some of the weaker bearish hands jump ship. Short interest accounts for 12.3% of AERI's available float, or 10.6 times the stock's average pace of trading.

Piper Jaffray Raises Price Target on NFLX Stock

Piper Jaffray increased its price target on Netflix stock to $190, well above its May 15 record high of $161.78, with the brokerage firm suggesting the Street may be low-balling the positive impact of global streaming. As such, NFLX shares are up 2% ahead of the bell, after settling last night at $157.75. This is just more of the same for the stock, which has surged 27.4% in 2017. NFLX options traders, however, have been buying to open puts relative to calls at a faster-than-usual clip recently. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), Netflix's 10-day put/call volume ratio of 0.97 ranks in the 85th annual percentile.

 

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