SodaStream shares jumped 13% Tuesday, as investors welcomed the company's upbeat outlook and analyst upgrades.
"Our goal is to be a billion dollar company by 2016," said CEO Daniel Birnbaum, at SodaStream's very first analyst meeting. That would nearly double the $550 million the company expects to rake in this year.
The optimistic CEO suggested that he thinks the company could hit the milestone even earlier, as consumers continue to embrace the idea of making their own soda at home.
"They told me not to say that I want to do it earlier, so I'm not saying it," he quipped.
Birnbaum said the company's focus is to increase the number of households it's in. So far, SodaStream machines are in 6.5 million households globally. In the United States, about 1.3 million households have SodaStream machines. But that's only about 1% of total U.S. households, so there's plenty of opportunity to grow.
The lofty outlook prompted analysts to raise their expectations and stock price targets for SodaStream.
Oppenheimer analyst Joseph Altobello, who raised his target on SodaStream (SODA) shares to $68 from $60, said the company's growth strategy is sustainable and "just getting started."
The SodaStream rally gave traders on StockTwits plenty to chatter about.
In addition to raising the price target, Citigroup analyst Wendy Nicholson said the company's robust outlook for 2016 gave her enough confidence to also boost her earnings forecast for 2014 and 2015.
Traders also discussed the heavy short interest in SodaStream. Many buyers have borrowed shares of the stock on a bet that its price will fall. But as the stock rallies, short sellers will typically rush in to buy shares and cover their short positions before prices head even higher -- a phenomenon called a short squeeze.
$SODA 20.7million shares out. 7 million of those shares are held short......... Squeeze em! Bullish
Forget Windows. The future of Microsoft (MSFT) is in its enterprise software business and the cloud, said Jeffrey Ubben, founder and CEO of activist hedge fund ValueAct Capital.
In fact, Ubben believes in Microsoft so much that he's taking a stake in the firm that's "within spitting distance" of $2 billion.
The news sent shares of Microsoft up nearly 5%.
"We see Microsoft's consumer strategy challenges and say who cares," said Ubben, MOREMaureen Farrell - Apr 22, 2013 3:11 PM ET
Wall Street is turning its back on gold.
Both Goldman Sachs and Deutsche Bank lowered their year-end forecast for the precious metal this week, citing an improving U.S. economy.
Goldman slashed its target to $1,545 per ounce for 2013, down from its previously estimate of MOREHibah Yousuf - Apr 10, 2013 2:06 PM ET
First Solar shares spiked more than 50% Tuesday, rising to a new 52-week high and triggering several circuit breaker on the way up after the company issued a bullish forecast for the year.
The solar panel maker said it expects to earn between $4 and $4.50 per share, with annual sales between $3.8 billion and $4 billion. The guidance was well above analysts forecasts. Those polled by Thomson Reuters have been MOREHibah Yousuf - Apr 9, 2013 3:31 PM ET
Shares of First Solar plunged 17% Wednesday to their lowest level in three months after the company delivered disappointing fourth-quarter sales figures and a weak outlook for the first quarter.
First Solar (FSLR) reported revenue of $1.1 billion for the last three months of 2012, falling short of the $1.3 billion that analysts were expecting. For the first quarter, the solar panel maker expects to earn between 70 cents and 90 MOREHibah Yousuf - Feb 27, 2013 1:38 PM ET
Everything comes at a cost, including the Fed's low rate policy and multiple rounds of monetary easing.
Not one to pass up a good musical reference, noted bond guru and Pimco managing director Bill Gross' latest missive is aptly titled "Money for Nothin' Writing checks for free" in a nod to Dire Straits. In the past, Gross has cited The Beatles and Flavor Flav in pieces.
In his first investment outlook MORECatherine Tymkiw - Jan 3, 2013 1:46 PM ET
Anyone spare a dollar?
Dollar General (DG) is having a rough day after reporting decent earnings but less-than-stellar guidance. Shares slumped nearly 5% Tuesday.
The discount retailer beat earnings-per-share estimates by 3 cents but that's where the good news ends. Revenue was just in line with forecasts, and Dollar General's outlook left investors with little to cheer about.
"Although our performance over the Thanksgiving weekend and start of the holiday season has MORECatherine Tymkiw - Dec 11, 2012 11:55 AM ET
Facebook's stock rallied almost 8% and closed at a 1-month high Wednesday, a day after CEO Mark Zuckerberg took an upbeat tone during his first public appearance since the company's botched stock market debut in May.
"I am really optimistic about our mobile monetization strategy," Zuckerberg said during an interview with TechCrunch founder Michael Arrington at the tech blog's Disrupt conference in San Francisco MOREHibah Yousuf - Sep 12, 2012 4:04 PM ET
Despite a stubbornly slow economic recovery at home and severe headwinds from Europe and Asia, U.S. companies are on track to deliver a tenth straight MOREHibah Yousuf - Aug 7, 2012 8:10 AM ET
Despite widespread expectations for another rate cut, the Reserve Bank of India left its key interest rate at 8% Monday, citing growing inflation concerns.
The move, or lack thereof, puts greater pressure on India's government to get its fiscal house in order.
The central bank aggressively cut its interest rate in April for the first time in three years in an effort to boost growth "based on the premise that the process MOREHibah Yousuf - Jun 18, 2012 11:53 AM ET
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