Tech Stocks to Watch: Netflix Inc., (NASDAQ:NFLX), Yelp Inc(NYSE:YELP), Apple Inc.(NASDAQ:AAPL)

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Netflix Inc., (NASDAQ:NFLX) is preparing to launch its internet streaming video service in Germany this September, reports GigaOM, which cites a report from German-language site Curbed, which cites people with knowledge of the process.

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.

Shares of Yelp Inc(NYSE:YELP) are climbing after Citigroup upgraded the stock to Buy from Hold in a note to investors earlier today. Yelp’s website provides user reviews of local businesses.

The recent decline in Yelp’s stock creates a buying opportunity, wrote Citi analyst Mark May. Additionally, the company can significantly expand its market share, enabling its revenue to increase at a compound annual growth rate of 32% over the next five years, May believes. Meanwhile, Yelp’s earnings per share, excluding certain items, should grow at a compound annual growth rate of 56%, added the analyst. He has a $76 price target on the shares.

In a note to investors on April 14, research firm Pacific Crest reported that more consumers were utilizing Yelps reviews of businesses other than restaurants. Non-restaurant businesses are the primary source of growth for Yelp, added the firm, which kept a $115 price target and Outperform rating on the stock.

In late morning trading, Yelp rose $1.07, or 2%, to $64.

Analysts have a consensus price target of $87.24 on Yelp Inc(NYSE:YELP) which indicates a 29% upside. The consensus rating of the stock is a BUY with a score of 2.59. There are currently 12 Hold Ratings and 17 Buy ratings on the stock.

Apple Inc.(NASDAQ:AAPL) shares continue their recent slow drip lower in price, in something of a stealth bear move. At the current price of $515.14, next support is at $512.49 and then at $506.50. Resistance is at $520.01. Bernstein in a note earlier today said it saw more downside risk than upside in forthcoming earnings for the company. Pacific Crest countered that the risk/reward was favorable.

Analysts have a consensus price target of $593 on Apple Inc.(NASDAQ:AAPL) which indicates a 14% upside. The consensus rating of the stock is a BUY with a score of 2.71. There are currently 9 Hold ratings, 2 Sell ratings and 30 Buy ratings on the stock.

A recent analyst action consisted of Deutsche Bank initiating coverage of the stock with a Buy rating and $650 price target.

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