Notable Analyst Updates: Hewlett-Packard Company(NYSE:HPQ), Outerwall Inc(NASDAQ:OUTR), iRobot Corporation(NASDAQ:IRBT), Five9 Inc (NASDAQ:FIVN)

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Pacific Crest upgraded Hewlett-Packard Company(NYSE:HPQ) to Outperform citing increased confidence in the company’s profit recovery due to expanding margins, enterprise share gains and stabilizing PC trends. Pacific Crest set a $37 price target for shares.

Analysts have a consensus price target of $92 on Hewlett-Packard Company(NYSE:HPQ) which indicates a 14% downside. The consensus rating of the stock is a Hold with a score of 2.37. There are currently 8 Buy ratings on the stock, 1 Sell and 10 hold ratings.

Another recent analyst action consisted of Cowen and Company boosting their price target from $90 to $110.

JPMorgan upgraded iRobot Corporation(NASDAQ:IRBT) to Neutral citing a balanced risk/reward following the recent pullback in shares. The firm keeps a $33 price target for the name.

Analysts have a consensus price target of $43 on iRobot Corporation(NASDAQ:IRBT) which indicates a 30% upside. The consensus rating of the stock is a Buy with a score of 2.75. There are currently 4 Buy ratings on the stock, 1 Strong Buy and 3 hold ratings.

Another recent analyst action consisted of Susquehanna boosting their price target from $40 to $44 on April 21st.

JPMorgan believes Five9 Inc (NASDAQ:FIVN) will be a direct beneficiary as the move to the cloud spreads into the customer call center. The firm says the customer call market is a $23B opportunity. It started shares of Five9 with an Overweight rating and $17.50 price target.

Piper Jaffray expects Outerwall Inc(NASDAQ:OUTR) to report solid Q1 results on Thursday but thinks the company’s Q2 revenue outlook could fall slightly below consensus given the “lackluster” Redbox title slate for the quarter. Piper believes Outerwall remains positioned to materially exceed consensus earnings expectations in 2014 and 2015. It keeps an Overweight rating on the stock with an $86 price target.

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