NVIDIA, GrubHub Stocks Flirt With Record Highs

A short squeeze could add fuel to GRUB stock's fire

Managing Editor
Aug 7, 2017 at 10:02 AM
facebook X logo linkedin

Analysts are weighing in on chip name NVIDIA Corporation (NASDAQ:NVDA), food delivery service GrubHub Inc (NYSE:GRUB), and UGG maker Deckers Outdoor Corp (NYSE:DECK). Here's a quick roundup of today's bullish brokerage notes on shares of NVDA, GRUB, and DECK.

NVDA Stock Flirts With Record Highs Ahead Of Earnings

NVDA stock is up 1.4% to trade at $169.59, after B. Riley raised its price target on the chipmaker to $200 from $135 -- in uncharted territory. NVIDIA stock is up 190% year-over-year, and touched a record high of $170.07 on Friday. The shares could be poised for higher highs later this week following the company's earnings release on Thursday.

Analysts are decidedly split over NVDA stock. Of the 27 brokerages covering NVDA, 11 still rate it a "hold" or worse, leaving the door open for upgrades that could send the shares even higher.

Upgrade Sends GrubHub Stock to New Highs

GrubHub stock is up 3.9% to trade at $54.63 -- and just touched an all-time high of $55.65 -- after Morgan Stanley upgraded the food delivery stock to "overweight" from "equal weight," while also upping its price target to $59 from $43. The upgrade comes fresh off the heels of GrubHub's earnings release last week, and plans to buy Yelp's Eat 24 business. GRUB stock has tacked on 45% year-to-date.

Despite short interest decreasing by 3.8% during the last reporting period, over 18 million shares of GRUB are sold short, accounting for a whopping 30% of the stock's total available float. A continued short squeeze could send GRUB stock to new heights, as it would take more than 12 sessions to buy back these bearish bets, at the equity's average pace of trading. 

Deckers Stock Edges Higher After Price-Target Boost

Deckers Outdoor stock is up 0.2% to trade at $64.26, after Morgan Stanley raised its price target to $61 from $59 -- however, the new target still represents a discount to DECK's current price. The shares have pulled back 11.6% since peaking at $72.71 in early June, but have found support lately at their 80-day moving average, which is now in the vicinity of Deckers' post-earnings bull gap in May. Analysts remain on the fence, however. Of the 12 brokerages covering DECK stock, nine rate it a "hold."

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