Notable Upgrades: Netflix (NFLX), Google (GOOG), IBM (IBM), Oshkosh Corp (OSK), Ciena Corporation (CIEN)

Analysts at RBC Capital Markets are out with a report this morning raising their Netflix (NFLX) 12-month case base estimate to $140 from $125.

On valuation measures, Netflix Inc. shares are currently priced at 230.99x this year’s forecasted earnings, which makes them quite expensive compared to the industry’s 10.37x earnings multiple. Ticker has a forward P/E of 344.68 and t-12 price-to-sales ratio of 7.08. EPS for the same period is $0.45.

In the past 52 weeks, shares of Los Gatos, Calif.-based company have traded between a low of $45.08 and a high of $129.29 and are now at $103.02.

Shares are up 47.76% year-over-year and 108.03% year-to-date.

Analysts at Goldman Sachs (GS) upgraded their rating on the shares of Google Inc. (GOOG). In a research note published on Wednesday, the firm raised the search giant’s price target to $800 from $660 per share.

Google Inc. shares are currently priced at 28.37x this year’s forecasted earnings compared to the industry’s 2.01x earnings multiple. Ticker has a PEG and forward P/E ratio of 1.10 and 17.89, respectively. Price/Sales for the same period is 5.73 while EPS is $21.22. Currentl,y there are 36 analysts that rate GOOG a ‘Buy’, 6 rate it a ‘Hold’. No analyst rates it a ‘Sell’. GOOG has a median Wall Street price target of $760.00 with a high target of $900.

International Business Machines Corporation (IBM) was upgraded to ‘Buy’ from ‘Hold’ rating at Argus. The firm set $175 price target on the name based on valuation and prospects for easier comparisons and better operating performance in the coming quarters.

IBM is up $1.56 at $142.52 on normal volume. Midway through trading Wednesday, 2.09 million shares of International Business Machines Corp. have exchanged hands as compared to its average daily volume of 4.56 million shares. The stock has ranged in a price between $142.15 to $145.49 after having opened the day at $144.01 as compared to the previous trading day’s close of $140.96.

In the past 52 weeks, shares of the Big Blue have traded between a low of $140.62 and a high of $195.00. Shares are down 24.04% year-over-year and 10.12% year-to-date.

Oshkosh Corporation (OSK) was upgraded to ‘Buy’ from ‘Hold’ by Standpoint Research analysts on Wednesday. The broker also set its price target on the stock at $52.

OSK is currently printing a higher than average trading volume with the issue trading 3.85 million shares, compared to the average volume of 1.23 million. The stock began trading this morning at $42.91 to currently trade 5.74% higher from the prior days close of $38.52. On an intraday basis it has gotten as low as $39.27 and as high as $43.00.

Oshkosh shares have advanced 4.14% in the last 4 weeks while declining 28.07% in the past three months. Over the past 5 trading sessions the stock has lost 2.38%. The Oshkosh, Wisconsin-based company, which is currently valued at $3.19 billion, has a median Wall Street price target of $43.50 with a high target of $60.00.

Oshkosh Corp. is down 21.06% year-over-year, compared with a 6.63% loss in the S&P 500.

Ciena Corporation (CIEN) had its rating hiked to ‘Outperform’ from ‘Market Perform’ by Raymond James today.

CIEN shares recently gained $1.13 to $21.53. The stock is up 2.36% year-over-year and has gained roughly 5% year-to-date. In the past 52 weeks, shares of Hanover, Maryland-based company have traded between a low of $13.77 and a high of $26.50.

Ciena Corp. closed Tuesday at $20.40. The name has a current market cap of $2.75 billion.

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