27 Nov Leading financial analysts on Wall Street are suggesting these stocks for a long-term investment strategy
Top financial analysts are recommending specific stocks for long-term investment as investors wrap up a robust November. Wall Street experts, using their analytical prowess, identify stocks with promising long-term prospects. TipRanks, a platform that evaluates analysts based on their past performance, brings attention to the following five stocks recommended by top professionals.
- Domino’s Pizza (DPZ):
- Analyst: Peter Saleh of BTIG
- Saleh reaffirms a buy rating on Domino’s Pizza, designating it as a “top pick” with a target price of $465.
- Recent discussions with the company’s management revealed positive insights into sales initiatives, loyalty programs, and aggregator strategies.
- The projected improvements in Domino’s rewards program are anticipated to increase engagement among infrequent carryout customers, with the Uber Eats partnership seen as a substantial factor in driving both sales and margins.
- Palo Alto Networks (PANW):
- Analyst: Gray Powell of BTIG
- Powell maintains a bullish stance on Palo Alto Networks, reiterating a buy rating with a target price of $292.
- Despite concerns about billing outlook, Powell emphasizes strong demand and higher pipeline visibility.
- Favorable elements encompass an increase in annual recurring revenue from next-generation security and more favorable full-year projections for operating margin and earnings per share.
- Monday.com (MNDY):
- Analyst: Kash Rangan of Goldman Sachs
- Rangan raises the price target for Monday.com to $270 from $250, maintaining a buy rating.
- Strong third-quarter results and raised full-year guidance contribute to the positive outlook.
- The company’s effective execution, coupled with a positive outlook and strategic investments, positions it for continued growth.
- Alphabet (GOOGL):
- Analyst: Ivan Feinseth of Tigress Financial
- Feinseth reiterates a buy rating on Alphabet, raising the price target to $176 from $172.
- Despite Google Cloud missing revenue expectations, Feinseth anticipates a reacceleration in revenue growth in Q4 2023 and beyond.
- Alphabet’s robust financial position, including a solid balance sheet and healthy cash flow, underpins growth initiatives and returns to shareholders.
- Intel (INTC):
- Analyst: Vijay Rakesh of Mizuho
- Rakesh upgrades Intel to buy from hold, setting a price target of $50, citing significant upcoming server product launches and Foundry customer announcements.
- Expectations of a better roadmap in 2024 for compute and data center businesses, along with potential benefits from the Altera FPGA business spinoff.
- Intel is well-positioned to take advantage of the expected upturn in the PC and data center industry.
These stock recommendations come from analysts with notable track records, providing investors with insights into potential long-term investment opportunities.
In summary, top financial analysts on Wall Street are recommending specific stocks for long-term investment, following a robust November. TipRanks, a platform evaluating analysts based on their track records, highlights five stocks endorsed by professionals: Domino’s Pizza, Palo Alto Networks, Monday.com, Alphabet, and Intel. These suggestions stem from favorable company progress, strategic moves, and market trends, indicating an expected continuation of growth. Investors may weigh these insights from analysts with proven track records when evaluating potential opportunities for long-term investments.