NVDA, EBAY, PYPL Stocks Upgraded Today

eBay and PYPL stocks are both in analysts' bullish cross hairs

Jun 8, 2017 at 9:28 AM
facebook X logo linkedin


Analysts are weighing in on semiconductor stock NVIDIA Corporation (NASDAQ:NVDA), auction site eBay Inc (NASDAQ:EBAY), and digital payments platform Paypal Holdings Inc (NASDAQ:PYPL). Here's a quick roundup of today's bullish brokerage notes on shares of NVDA, EBAY, and PYPL.

Citigroup Says NVDA Stock Can Hit $300

Citigroup raised its price target on Nvidia stock to $180 from $145, while adding there's a bull case for a move to $300. NVDA shares closed yesterday at $149.12, after hitting a record high of $149.88, bringing its 52-week gain to 215%. The stock appears set to nab a new all-time peak out of the gate, up 3.3% in electronic trading. Amazingly, there are still plenty of bearish analysts, with 12 brokerage firms rating NVDA stock a "hold" or "strong sell." Plus, the shares have blown past their average 12-month price target of $126.20. 

EBAY Stock Looks to Extend Run Higher After Bull Note

Citigroup also weighed in on eBay stock, upping its price target to $41 from $36. The shares hit a record high of $36.02 on Monday, and closed yesterday at $35.77, up 20.5% in 2017. EBAY shares are trading 1% higher ahead of the bell. In the meantime, options traders have been buying EBAY call options relative to put options at a faster-than-usual clip. Data from the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) shows a 50-day call/put volume ratio of 2.81, which ranks in the 78th annual percentile. 

Analysts Eye Upside for PYPL Stock

eBay spin-off PayPal is also in the good graces of analysts this morning, with Credit Suisse and Berenberg raising their respective price targets to $56 and $57. PYPL stock closed Wednesday at $53.85, after hitting a record high of $54.07 on Monday. The shares have gained 36.4% year-to-date -- and are up another 0.3% in pre-market trading -- yet short sellers keep targeting them. Short interest rose by almost 15% over the past two reporting periods, and now almost a week's worth of potential buying power is sold short. PayPal stock could get a boost on the charts, then, if these bears begin to cover their losing positions. 

 

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