Notable Upgrades: Netflix (NFLX), CyberArk Software (CYBR), GameStop (GME), Applied Materials (AMAT)

Netflix, Inc. (NFLX) was reiterated a ‘Outperform’ by Raymond James analysts on Friday. The broker also raised its price target on the stock to $140 from $120.

On valuation measures, Netflix, Inc. shares are currently priced at 278.27x this year’s forecasted earnings compared to the industry’s 10.65x earnings multiple. Ticker has a PEG and forward P/E ratio of 25.59 and 415.00, respectively. Price/Sales for the same period is 8.62 while EPS is $0.45. Currently there are 20 analysts that rate NFLX a ‘Buy’, 14 rate it a ‘Hold’, whereas 4 analysts rate it a ‘Sell’. NFLX has a median Wall Street price target of $120.00 with a high target of $175.00.

In the past 52 weeks, shares of the Sunnyvale, California-based online video streaming company have traded between a low of $45.08 and a high of $129.29 and are now at $124.11.

NFLX shares are up 91.82% over the past one year, significantly higher than a rise of 6.56% clocked by the S&P 500 index over the same time frame.

Analysts at Wells Fargo (WFC) are out with a report this morning upgrading shares of CyberArk Software, Ltd. (CYBR) with a ‘Outperform‘ from ‘Market Perform‘ rating. The name was also upgraded to ‘Overweight’ from ‘Neutral’ at JP Morgan (JPM).

CYBR shares recently gained $0.85 to $58.91. Over the past year, shares of Petach Tikva, Israel-based company have traded between a low of $22.12 and a high of $76.35.

Shares are up 46.43% since the beginning of the year.

GameStop Corp. (GME) was reiterated as ‘Buy’ with a $58 from $50 price target on Friday by Sun Trust Rbsn Humphrey.

GameStop Corp., currently valued at $5.05 billion, has a median Wall Street price target of $49 with a high target of $56. Approximately 1.50 million shares have already changed hands, compared to the stock’s average daily volume of 1.74 million.

In the past 52 weeks, shares of Grapevine, Texas-based video game retailer have traded between a low of $31.69 and a high of $47.83 with the 50-day MA and 200-day MA located at $45.66 and $41.33 levels, respectively. Additionally, shares of GME trade at a P/E ratio of 0.94 and have a Relative Strength Index (RSI) and MACD indicator of 61.73 and +0.57, respectively.

GME currently prints a one year return of about 15% and a year-to-date return of around 39%.

Applied Materials, Inc. (AMAT) rating of ‘Outperform’ was reiterated today at Cowen with a price target decrease of $24 from $25 (versus a $17.05 previous close).

Applied Materials, Inc. dropped $0.59 to $16.46 in midday trading after it reported fiscal-third quarter earnings.

The maker of chipmaking equipment handed in earnings of $0.33 per share, in-line with the consensus estimates of $0.33. Revenues rose 10% year-over-year to $2.49 billion, missing Wall Street’s estimates of $2.54 billion.

For Q4’15, AMAT provided EPS guidance of $0.27 to $0.31 versus consensus of $0.33 per share. The company also issued revenue projection of $2.49 to $2.66 billion, compared to the consensus revenue estimate of $2.52 billion.

Be the first to comment

Leave a Reply

Your email address will not be published.


*