The Upgrades: Amazon, eBay and Juniper

Amazon.com, Inc. (NASDAQ:AMZN), eBay Inc. (NASDAQ:EBAY) and Juniper Networks, Inc. (NASDAQ:JNPR) all gapped up at the open on Friday, two gave the price appreciation back and the other kept blasting away! 

Shares of Amazon.com, Inc. (NASDAQ:AMZN) rocketed to a new 52-week high last Friday while the company received multiple upgrades.  Analysts firms providing upgrades include McAdams Wright Ragen (Hold to Buy), FBR Capital Mkt (Perform to Outperform with price target revised $95 to $130), and Benchmark (Hold to Buy with price target revised $103 to $143).  UBS also weighted in, reiterating their BUY rating and are currently maintaining a price target of $140.  Analysts are screaming, “BUY! BUY! BUY!” for Amazon.com, Inc. (NASDAQ:AMZN).

Argus upgraded eBay Inc. (NASDAQ:EBAY) from a Hold to Buy and set a price target of $32.  The stock gapped up Friday and then did a funny thing…  It gave all of it back and then closed down for the day –1.7% at $23.56 a share.  Still the stock is not trading too far off of its 52-week high of $25.80/share.  From a technical perspective, eBay Inc. (NASDAQ:EBAY) shares appear attractive since they are trading on an upward sloping trend line (blue line in chart below).

Last but not least is Juniper Networks, Inc. (NASDAQ:JNPR) who received an upgrade from Piper Jaffray of Underweight to Neutral.  Shares of Juniper gapped up at the market open, and then similar to eBay, gave it all back and then some throughout the trading day.  Watch to see if Juniper Networks, Inc. (NASDAQ:JNPR) can bounce off the trend line starting back from the March Market Rally.