Boston, MA 02/04/2014 (wallstreetpr) – Twitter Inc (NYSE:TWTR) is among the closely tracked stocks that has witnessed positive analysts rating upgrade today. The stock opened to a price target increase by Wedbush from $37 to $58 per share. This comes as the company prepares to disclose its financial performance over the past three months on Wednesday. The stock debuted on NYSE at $26 per share and has since perched over $64.50 per share. As the Wedbush analysts have noted, short positions in the stock are now at 11.3 percent. It thus goes that bearish bets on Twitter Inc now account for 11.5 percent of total float. Analysts expect shorts to decline in the stock in future, and more so after it delivers a positive fourth quarter results.
Pandora Media
Pandora Media Inc (NYSE:P) has had its price objective raised at Needham and Cowen to $41 per share, up from Needham’s previous target of $33 and Cowen’s $34. Pandora is already up more than 36 percent in 2014 to around $36 per share. It thus goes that the noticed vote of confidence in the stock aptly captures what lies ahead of shareholders in Pandora. As with Twitter Inc (NYSE:TWTR), Pandora Media Inc (NYSE:P)also reveals short position at 11 percent. Analysts are hoping that the underlying strength in the stock will push it even higher in the upcoming months.
NVIDIA Corporation
NVIDIA Corporation (NASDAQ:NVDA) has clearly started 2014 on slow note, and it has lost about 2 percent of its market value since the year started. The stock currently trades around $15.70 per share. Despite looking weak so far in the year, analysts believe that the stock deserves upgrade. As such, we see that Susquehanna has today hoisted its view on NVIDIA Corporation (NASDAQ:NVDA) to “neutral” from “negative” that it previously held on the stock. Like the previously discussed stocks – Twitter and Pandora – shorts are increasing in this stock as well and bearish betting can be seen accounting for 11 percent of NVDA float. That being the case, the stock would need some time to recover from the current shorts shares, and analysts believe that time is about nine sessions, hoping that its trades at its average daily volume.
Conclusion
These three stocks reveal compelling prospects and investors are wise to keep an eye on each of the tickers over the coming trading sessions. As for Twitter Inc (NYSE:TWTR) which reports Wednesday, time is running out for shorts and this is great for value investors striking long position.
