Schaeffer's Top Stock Picks for '25

3 Tech Stocks Receiving Bullish Analyst Notes

Synopsys earnings beat has the stock notching new highs

Managing Editor
Aug 17, 2017 at 10:19 AM
facebook X logo linkedin


Analysts are weighing in on data storage specialist NetApp Inc. (NASDAQ:NTAP), cloud stock Nutanix Inc (NASDAQ:NTNX), and software name Synopsys, Inc. (NASDAQ:SNPS). Here's a quick roundup of today's bullish brokerage notes on shares of NTAP, NTNX, and SNPS.

NetApp Earnings Beat Prompts Analyst Attention

NetApp stock is down 5.5% to trade at $40.07, despite receiving no fewer than five price-target hikes, including one to $45 from $42 at Jefferies. The bullish brokerage notes come on the heels of the company's fifth straight profit beat. Heading into today's session, NTAP stock was boasting a 20% year-to-date lead, fresh off a three-year high of $45.24 on July 21.

In the options pit, traders have been bracing for a a post-earnings retreat. Data from the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) shows NTAP's 10 day put/call volume ratio at 1.39 -- in the 84th percentile of its annual range, meaning puts have been bought to open over calls at a faster-than-usual clip.

Jefferies Rates Nutanix Stock a 'Buy'

Nutanix stock is up 4.5% to trade at $22.70, after Jefferies started the IT services name with a "buy" rating and a price target of $30 -- territory not seen since before an early March bear gap. NTNX's 40-day moving average has provided support since mid-May, as the shares continue to fight back after falling to a record low of $14.38 on May 1. 

A round of short covering may also be credited for supporting the stock, considering short interest decreased nearly 10% in the last reporting period. However, NTNX is still heavily shorted, with the 13.6 million shares sold short representing roughly 20% of the stock's total available float.

Synopsys Stock Hits Record High After Earnings

Synopsys stock jumped to a record high of $79.66 out of the gate, after the company's fiscal third-quarter revenue beat and upbeat guidance was met with price-target hikes from at least four brokerages, including one from BofA-Merrill Lynch to $92 from $87. SNPS stock was more recently seen trading up 0.2% at $79.24, and has been on an excellent run -- adding 42% year-over-year. Analysts remain optimistic toward SNPS, with six of the eight brokerages covering Synopsys stock rating it a "buy" or better.
 
 

Which of These SUB-$5 Stocks Could 26x From Here? (AD)

He called a rare 11x on Tesla…

Then he called a 26x on Workhorse…

Then an even rarer 35x on Nio Inc…

Now Tim Bohen says these 5 tiny “America First” stocks are next up in 2025.

They’re trading for less than $5 right now.

But thanks to Elon & Trump’s new alliance…

They could be off to the races in Trump’s first 100 days.

And right now for a limited time…

You can get the names & tickers for just $1 here. (AD)

10 Stock Picks FREE
 
 

Featured Articles from Trusted Partners:

🚀 One Stock Pick Could Change Everything in 2025
What if one stock pick could define your success next year? Get 10 expert-vetted stocks set for 2025—plus 5 bonus picks to watch now. Get the Report →

🆕 New Options Need New Trading Strategies
Zero-DTE options are the newest (and hottest) options to trade.  Professional traders have rushed into the market and are making a mint.  Don’t get left behind - learn all about these options, how to trade them, market setups to profit from, plus much more. Download now →

👀 Revealed: 3 Defensive Stocks for Your Portfolio
Worried about the market? This free report reveals 3 under-the-radar defensive stocks for uncertain times in any kind of economy.

 

 
 

FREE Report Download

 

Follow us on X, Follow us on Twitter