The week after the holidays brought good news to several stocks as analysts increased their target prices significantly. Below we will look at the five stocks that saw their consensus target prices revised upward the most during the last week. In order to make the list at least 10 sell side analysts must issue a target price for a stock.
Seagate Technology (STX) saw its average target price increase by 8.75% last week, from $22.04 to $23.96. As of the close on Friday, STX was trading at $18.30, an 11.55% increase for the week and $5.67 below the consensus target price. There are 14 analysts in the consensus estimate. The lowest target price estimate is $18.00 and the highest estimate is $35.00.
The consensus target price for Pacific Sunwear (PSUN) rose to $2.57 last week from $2.37 the previous week, an 8.46% increase. During the week the shares of PSUN fell 2.92% and are trading $0.91 below the consensus target price. Of the 10 analysts estimates that make up the target price consensus, the lowest is $1.50 and the highest is $4.00.
After months of declining, the consensus target price of Netflix (NFLX) increased by 8.42% last week, from $86.15 to $93.40. The shares of NFLX currently trade $7.11 below the target price at $86.29. The lowest single target price estimate of the 20 that make up the consensus is $45.00 and the highest is $310.
Zumiez (ZUMZ) saw a 5.22% increase to its consensus target price last week, from $28.71 to $30.21. Shares of the stocks rose 12.64% during the week. The stock is trading $1.06 above the consensus target price. 14 analysts contribute target price estimates to the consensus with the lowest being $23.00 and the highest being $40.00.
The consensus target price of Apollo Group (APOL) rose from $50.73 to $53.36 last week, a 5.20% increase. The stock rose 5.14% during the week and currently trades at $56.64, or $3.28 above the current consensus target price. 11 analysts contribute to the consensus. The lowest single target price estimate in the consensus is $35.00 and the highest is $62.00.
All data in this article is as of the close of trading on Friday, January 6, 2012.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.