Stifel believes that the recent decline in Internet stocks creates an opportunity, and the firm likes Facebook (NASDAQ:FB), Netflix (NASDAQ:NFLX) and RetailMeNot Inc (NASDAQ:SALE) following their pullbacks.
Stifel notes that all three stocks are down over 20% from their highs, and the firm thinks they have strong fundamental catalysts tied to mobile and cloud-based services. The firm is also upbeat on Yahoo (NASDAQ:YHOO), citing the upcoming Alibaba IPO, which it believes will provide a catalyst. Stifel keeps Buy ratings on Facebook, Netflix, RetailMeNot, and Yahoo.
Analysts have a consensus price target of $71.68 on Facebook Inc. (NASDAQ:FB) which indicates a 26% upside. The consensus rating of the stock is a BUY with a score of 2.76. There are currently 9 Hold Ratings and 29 Buy ratings on the stock.
The most recent analyst action consisted of Telsey Advisory Group boosting their price target to $82 on March 26th, 2014.
Analysts have a consensus price target of $359.71 on Netflix Inc., (NASDAQ:NFLX) which indicates a 6.42% upside. The consensus rating of the stock is a HOLD with a score of 2.26. There are currently 23 Hold Ratings, 4 sell ratings and 15 Buy ratings on the stock.
The most recent analyst action consisted of Oppenheimer upgrading the stock from Market Perform to Outperform on April 7th, 2014.
Analysts have a consensus price target of $42.51 on RetailMeNot Inc(NASDAQ:SALE) which indicates a 32.28% upside. The consensus rating of the stock is a BUYwith a score of 2.71. There are currently 2 Hold Ratings and 5 Buy ratings on the stock.
The most recent analyst action consisted of Zacks upgrading the stock from Underperform to Neutral on March 11th, 2014.
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