Tech Media Stocks in the News: Google, Inc.(NASDAQ:GOOGL), Twitter Inc (NYSE:TWTR), NQ Mobile Inc (ADR)(NYSE:NQ)

nqmobile

Google, Inc.(NASDAQ:GOOGL) is planning a program called “Android Silver,” The Information reports. According to sources, Google will kill the four-year-old Nexus brand, and replace it with Silver, under which manufacturers and wireless carriers “will effectively be paid to produce and sell high-end devices that closely adhere to Google specifications.”

Analysts have a consensus price target of $923 on Google, Inc. (NASDAQ:GOOGL) which indicates a 76% upside. The consensus rating of the stock is a BUY with a score of 2.81. There are currently 5 Hold Ratings and 21 Buy ratings on the stock.

The most recent analyst action consisted of Jeffries boosting their price target from $650 to $700 on April 15th.

Twitter Inc (NYSE:TWTR) May weekly call option implied volatility is at 189, June is at 67, July is at 58, September is at 56; compared to its 23-week average of 59 according to Track Data, suggesting large May price movement into the expected release of Q2 today after the market close.

Analysts have a consensus price target of $49 on Twitter Inc (NYSE:TWTR) which indicates a 22% upside. The consensus rating of the stock is a HOLD with a score of 1.91. There are currently 14 Hold Ratings, 8 Buy ratings and 11 Sell ratings on the stock.

A recent analyst action consisted of SunTrust lowering their price target from $60 to $55 on April 10th, 2014. That same day Cantor Fitzgerald upgraded the stock from a Sell to Hold rating, setting their price target at $45.

NQ Mobile Inc (ADR)(NYSE:NQ)┬áprovided an investor relations update “in light of the many questions” the company is fielding. In the update, NQ stated: “There have been no resignations. Additionally, the Senior Management and Board remain united, dedicated and confident…The Company remains confident in our business, in our financials, and in our future and we look forward to putting this period of manufactured volatility, rampant rumors and speculation behind us.” The company also noted that it was in the market buying stock yesterday in accordance with the 10b5-1 plan it established during Q4.

Analysts have a consensus price target of $23 on NQ Mobile Inc (ADR)(NYSE:NQ) which indicates a 89% upside. The consensus rating of the stock is a HOLD with a score of 2.33. There are currently 3 Buy ratings, 2 hold ratings and 1 sell rating on the stock.

A recent analyst action consisted of Topeka Capital Markets reiterating their Buy rating and $30 price target on April 11th, 2014.

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