Notable Upgrades: Twitter (TWTR), Netflix (NFLX), First Solar (FSLR), Red Hat (RHT), Finisar Corp. (FNSR)

Twitter, Inc. (TWTR) was reiterated a ‘Neutral’ by Suntrust analysts on Friday. The broker also reiterated its $40 price target on the stock.

TWTR is showing relative strength this morning, up 4.33% at $36.16 versus a lower broader market.

Netflix, Inc. (NFLX) was reiterated as ‘Outperform’ with $800 from $610 price target on Friday by Oppenheimer. The firm noted that after the announcement of five new country launches since its last update, firm is updating their long-term subscriber forecasts and increasing price target, which implies 22% upside from current levels.

Netflix Inc. shares are currently priced at 173.21x this year’s forecasted earnings, which makes them quite expensive compared to the industry’s 15.55x earnings multiple. Ticker has a forward P/E of 188.72 and t-12 price-to-sales ratio of 6.92. EPS for the same period is $3.84.

In the past 52 weeks, shares of Los Gatos, California-based company have traded between a low of $315.54 and a high of $692.79 and are now at $664.61. Shares are up 47.81% year-over-year and 94.14% year-to-date.

First Solar, Inc. (FSLR) rating of ‘Buy’ was reiterated today at Needham with a price target increase of $73 from $69 (versus a $51.98 previous close).

On valuation measures, First Solar Inc. shares are currently priced at 23.06x this year’s forecasted earnings compared to the industry’s 0.50x earnings multiple. Ticker has a PEG and forward P/E ratio of -28.30 and 16.07, respectively. Price/sales for the same period is 1.80 while EPS is $2.20. Currently there are 4 analysts that rate FSLR a ‘Buy‘, 10 rate it a ‘Hold‘. 1 analyst rates it a ‘Sell‘. FSLR has a median Wall Street price target of $64.00 with a high target of $81.00.

Shares of Red Hat, Inc. (RHT) are up $1.43 to $79.92 in mid-day trading after the company beat Q1 estimates and after UBS reiterated its ‘Buy’ rating and increased its 12-month base case estimate on the name by 10 points to $88 a share.

RHT is currently printing a higher than average trading volume with the issue trading 2.30 million shares, compared to the average volume of 1.20 million. The stock began trading this morning at $79.40 to currently trade 1.81% higher from the prior days close of $78.49. On an intraday basis it has gotten as low as $78.55 and as high as $81.44.

Red Hat Inc. shares are priced at 84.13x this year’s forecasted earnings, compared to the industry’s 22.72x earnings multiple. The company’s current year and next year EPS growth estimates stand at 13.10% and 18.80% compared to the industry growth rates of 17.00% and 22.90%, respectively. RHT has a t-12 price-to-sales ratio of 8.04. EPS for the same period registers at $0.95.

RHT shares have advanced 0.45% in the last 4 weeks and 13.46% in the past three months. Over the past 5 trading sessions the stock has lost 0.08%.

The Raleigh, North Carolina-based company, which is currently valued at $14.65 billion, has a median Wall Street price target of $80.00 with a high target of $89.00. Red Hat Inc. is up 47.82% year-over-year, compared with a 8.07% gain in the S&P 500.

Finisar Corp. (FNSR) was reiterated as ‘Buy’ and the price target was increased to $25.50 from $24 at MKM Partners.

FNSR shares recently lost $2.25 to $19.90. The stock is up 11.64% year-over-year and has gained 14.12% year-to-date. In the past 52 weeks, shares of Sunnyvale, California-based company have traded between a low of $14.22 and a high of $23.38.

Finisar Corp. closed Thursday at $22.15. The name has a current market cap of $2.07 billion.

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