This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

A Closer Look At 4 Tech Stocks Getting Higher Target Prices

Stocks in this article: ADSK CRM HPQ VRSN

Chris Lau, Kapitall: 4 big-name technology companies received a bump in their target price. The upgrade may have contributed to the upward price movement recently. Investors agreeing with the upside in these companies might want to wait for shares to pull-back, before entering a position. The reason is that the target price upgrade may have temporarily inflated the share price. [Related lists:  Why Expect More Price Swings from These 4 Biotechs]

EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

The companies to watch are:

Screen shot 2013-03-04 at 10.40.57 AM


1)  Hewlett-Packard Company (HPQ)

Analysts raised the target price in shares of Hewlett-Packard by 3.75%. From the 16 analysts covering HP, the current target price rose to $16.73. HP closed well-above the target, trading recently at $20.15 after reporting quarterly results that were not as poor as feared. Investors could be getting too optimistic for the battered company, although HP made a few moves recently. The company sold the very costly webOS and IP-related property to LG (LPL). LG plans to use the operating system in its smart TVs.

HP also announced its embrace for the Android operating system. The company will be selling a 7-inch tablet for just $170, underpricing tablets from (AMZN) and Google’s Nexus (GOOG) .


2)  Autodesk, Inc. (ADSK).

Analysts raised their target of 3D software maker Autodesk by 4.88% to $42.15. Autodesk closed recently at $37.36. On February 25 2013, the company reported Q4 earnings of $0.53 per share, beating consensus by $0.04. Revenue rose just 2% from the previous year to $607M, beating analyst estimates by $20.84M.

Autodesk guided Q1 below consensus. Analysts expected an EPS of $0.51 on revenue of $590.6M, but Autodesk guided EPS of $0.41 – $0.46 on revenue of $570M to $590M. In Q4, platform solutions sales dropped 7%, while media/entertainment sales declined 16%. Sales to Asia-Pacific rose 11% and manufacturing sales increased 5%.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs