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Tech Today: Energous Zooms Again, Netflix Gains, Checking into Apple iPhone Supply

The net price gain leaders among are Netflix (NFLX), which is up $3.74, or 2%, at $195.70, after that stock was upgraded by Macquarie's Tim Nollen to Outperform from Hold, predicting further defections from ad-supported TV to subscription services. Nollen raised his price target to $220 from $200, according to a summary of the report from TheFlyontheWall.

And Energous (WATT), the wireless charging startup company that surged last week on news it got an FCC certification based on an implementation of its technology. Its shares are up another $2.41, or over 12%, at $21.86.

What better way to start the new year than with a discussion of Apple’s iPhone situation. Piper Jaffray’s Michael Olson reiterates an Overweight rating on Apple, and a $200 price target, relating the findings of a survey of 400 iPhone owners, and finding positive data points.

The survey, which is undated, shows 35% of buyers Olson surveyed said they intend to buy and iPhone X, while 40% said they’d buy an iPhone 8.

While it’s “all speculation at this point,” writes Olson, that trend for iPhone X suggests "potential for ~6% upside to our current FY19E iPhone ASP assumption at $765 vs. $720."

Meantime, Olson’s predecessor at Piper, Gene Munster, now a venture capitalist at Loup Ventures, penned a missive this morning stating that iPhone X supply should come into balance with demand the middle of his month, which would boost results for March and would boost overall 2018 fiscal year average selling price to $740.

And it’s also time to do lots of year outlook types of stuff. R.W. Baird’s Colin Sebastian reiterates his bullish view of Alphabet (GOOGL), Amazon (AMZN), Facebook (FB), and Alibaba (BABA), in that order.

"To put the strength and resilience of Alphabet, Amazon and Facebook in perspective, we believe they share characteristics with the 'giant redwoods' of the West Coast,” writes Sebastian, "dominance within their ecosystems, enduring growth, and ability to withstand a variety of threats."