Index Investing News
Sunday, May 25, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Top Wall Street analysts pound the table on stocks like Amazon

by Index Investing News
August 20, 2023
in Markets
Reading Time: 5 mins read
A A
0
Home Markets
Share on FacebookShare on Twitter


Celebration at the Nasdaq during the Datadog IPO, September 19, 2019.

Source: Nasdaq

Selecting the right stocks against a backdrop of mixed economic data and earnings can be challenging for investors. One strategy is to track the investment ideas of Wall Street pros and glean valuable insights into making successful stock decisions.

To that end, TipRanks, a platform that ranks analysts based on their past performance, has identified five stocks well liked by top-ranking analysts. Learn more about these stocks below.

Amazon

E-commerce and cloud computing giant Amazon (AMZN) is this week’s first pick. Earlier this month, the company trounced analysts’ second-quarter earnings estimates and returned to double-digit revenue growth.

DBS analyst Sachin Mittal noted that, after seven quarters of losses due to macro headwinds, the company’s retail segment generated operating profit in the second quarter. The analyst expects the retail segment to be a key driver of AMZN’s share price appreciation from this year onwards.

He also noted that, with 32% share of the global cloud infrastructure market, AWS is the most valuable business for Amazon. It is worth noting that AWS accounted for only about 17% of AMZN’s overall revenue in the second quarter but generated 70% of the company’s profit.

Mittal increased his price target for AMZN to $175 from $150 and reaffirmed a buy rating on the stock, citing the company’s leadership position in e-commerce and dominant position in cloud through AWS.

The analyst is also optimistic about the robust growth opportunity for Amazon’s online advertising business. “More advertisers are turning to AMZN’s retail media network to deceive Apple’s privacy changes and get closer to shoppers,” Mittal said.

Mittal ranks No. 744 among more than 8,500 analysts on TipRanks. His ratings have been successful 75% of the time, with each rating delivering an average return of 18.4%. (See Amazon insider trading activity on TipRanks).

AppLovin

Mobile app technology platform AppLovin (APP) recently impressed Wall Street by surpassing second-quarter earnings estimates. The company also issued better-than-anticipated revenue guidance for the third quarter.

Following the Q2 print, Goldman Sachs analyst Eric Sheridan increased his price target for AppLovin to $50 from $25 and reiterated a buy rating. The analyst noted that the evolution of the company’s software platform drove revenue and margin upside in the second quarter, in the wake of improving industry trends.

The analyst raised his operating estimates to reflect higher revenue growth expectations, fueled by the launch of the company’s latest artificial intelligence (AI)-based advertising engine, Axon 2.0.

Despite near-term concerns about volatility in the advertising and gaming end markets, Sheridan is bullish on the stock. He continues “to look long-term at the collection of businesses under AppLovin as producing above average industry growth and a strong margin profile in a recovered mobile ads/mobile gaming landscape.”  

Sheridan holds the 188th position among more than 8,500 analysts on TipRanks. His ratings have been profitable 61% of the time, with each rating delivering an average return of 13.3%. (See AppLovin Stock Chart on TipRanks)

Datadog

Another Goldman Sachs analyst on this week’s list is Kash Rangan, who remains bullish on Datadog (DDOG) even after the cloud-based IT monitoring and security platform spooked investors with its lackluster revenue outlook for the third quarter. The company also trimmed its full-year revenue guidance.

Rangan noted that the slowdown in spending by Datadog’s larger customers and the pace of net new enterprise additions (80 in Q2 2023 compared to 130 in the previous quarter) disappointed investors.

Nevertheless, the analyst is encouraged by the solid second-quarter bookings, with remaining performance obligations (or RPO) increasing 42% year-over-year compared to the 33% growth seen in the first quarter. The growth in RPO was driven by higher average deal size and contract duration.   

Rangan reiterated a buy rating on DDOG stock with a price target of $114, saying that his long-term thesis remains intact. “Datadog maintains its competitive advantage as an E2E [end-to-end] observability platform as validated by product consolidation driving large deal sizes.”

The analyst also highlighted solid product stickiness, growing platform penetration, and product innovation as reasons for his optimism.

Rangan ranks 601 out of more than 8,500 analysts tracked on TipRanks. Also, 58% percent of his ratings have been profitable with an average return of 8%. (See Datadog’s Blogger Opinions & Sentiment on TipRanks)  

Royal Caribbean

We now move to cruise operator Royal Caribbean (RCL), which recently raised its full-year outlook and reported blockbuster second-quarter earnings. The company is enjoying strong business due to pent-up travel demand.

This week, Tigress Financial analyst Ivan Feinseth reiterated a buy rating on RCL and raised his price target to $139 from $102, citing stellar demand for cruise vacations, the company’s industry-leading position and its solid value proposition.

The analyst thinks that the company is well-positioned to gain from the reprioritization of consumer spending toward travel and experiences following the pandemic. He said that demand in North America remains strong. In particular, Feinseth expects RCL’s “Perfect Day at CocoCay” private island resort to be a key growth driver and industry differentiator, which could fuel significant incremental revenue growth and yields.

“RCL’s current liquidity and ramp-up in cash flow will enable the ongoing funding of its fleet expansion and upgrades, growth initiatives, and balance sheet optimization,” said Feinseth.

Feinseth holds the 266th position among more than 8,500 analysts on TipRanks. His ratings have been profitable 59% of the time, delivering an average return of 11.8%. (See RCL Financial Statements on TipRanks) 

Netflix

We end this week’s list with streaming giant Netflix (NFLX), which reported upbeat second-quarter earnings but fell short of analysts’ revenue expectations.

Despite the decline in NFLX shares since its Q2 results, JPMorgan’s Doug Anmuth reiterated a buy rating on the stock with a price target of $505. The analyst pointed out certain areas that investors are concerned about, including paid sharing monetization and how and when it will boost average revenue per membership.

While paid sharing monetization is happening at a slower pace than Anmuth’s initial forecast, he continues to expect it to be highly accretive to revenue over time. Of the more than 100 million password-sharing users globally, the analyst expects Netflix to monetize 18.8 million by the end of this year, 31 million by the end of 2024 and 38 million by the end of 2025.    

However, Anmuth, who ranks 92 out of more than 8,500 analysts tracked on TipRanks, expects advertising to be a bigger and more reliable revenue stream than paid sharing for Netflix in the future.

Calling Netflix a key beneficiary of the ongoing disruption of linear TV, the analyst said: “The recent launch of NFLX’s ad-supported tier, as well as the broader Paid Sharing launch, should further help re-accelerate subscriber & revenue growth while driving high-margin incremental revenue.”

Anmuth has a success rate of 61% and each of his ratings has returned 17.1%, on average. (See Netflix Hedge Fund Trading Activity on TipRanks).



Source link

Tags: AmazonAnalystspoundStocksStreettableTopwall
ShareTweetShareShare
Previous Post

Champion woman boxer knocks out hate in Central America — Global Issues

Next Post

jio financial listing: Jio Financial share listing today. What could be the listing price and trading strategy?

Related Posts

Prime Wall Road analysts favor these shares for the lengthy haul

Prime Wall Road analysts favor these shares for the lengthy haul

by Index Investing News
May 25, 2025
0

Idrees Abbas | SOPA Photographs | Lightrocket | Getty PhotographsThe rising U.S. funds deficit is on the forefront of traders'...

ValueAct takes a stake in Rocket Cos. How the activist might assist raise shares

ValueAct takes a stake in Rocket Cos. How the activist might assist raise shares

by Index Investing News
May 24, 2025
0

FILE PHOTO: A banner celebrating Rocket Firms Inc., the mother or father firm of U.S. mortgage lender Quicken Loans, IPO...

Costco (COST) all set to report Q3 2025 earnings. Right here’s what to anticipate

Costco (COST) all set to report Q3 2025 earnings. Right here’s what to anticipate

by Index Investing News
May 23, 2025
0

Costco Wholesale Company (NASDAQ: COST) has delivered a formidable efficiency within the first half of FY25, aided by robust membership...

Goal Company (TGT): A take a look at how the retailer is navigating a troublesome atmosphere

Goal Company (TGT): A take a look at how the retailer is navigating a troublesome atmosphere

by Index Investing News
May 24, 2025
0

Shares of Goal Company (NYSE: TGT) stayed pink on Friday. The inventory has dropped 23% over the previous three months....

The Massive Lovely Bitcoin Breakout

The Massive Lovely Bitcoin Breakout

by Index Investing News
May 23, 2025
0

Bitcoin (BTC) broke $111,000 yesterday, an all-time excessive. Supply: coingecko.com And since everybody is aware of I’m a crypto bull,...

Next Post
jio financial listing: Jio Financial share listing today. What could be the listing price and trading strategy?

jio financial listing: Jio Financial share listing today. What could be the listing price and trading strategy?

Buying a House in a High Risk Fire Zone: Tips & Precautions

Buying a House in a High Risk Fire Zone: Tips & Precautions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Bunzl shares rise as RBC upgrades to ‘outperform’, lifts PT to 4,000p By Investing.com

Bunzl shares rise as RBC upgrades to ‘outperform’, lifts PT to 4,000p By Investing.com

December 16, 2024
The Greatest White Sneakers — Spring 2022

The Greatest White Sneakers — Spring 2022

April 14, 2022
Eli Lilly’s head of diabetes and obesity unit to retire By Reuters

Eli Lilly’s head of diabetes and obesity unit to retire By Reuters

October 4, 2023
Just Listed | 178 Satinwood Lane

Just Listed | 178 Satinwood Lane

March 27, 2023
Right here’s how streaming is ready to grow to be a key a part of Disney’s (DIS) progress technique

Right here’s how streaming is ready to grow to be a key a part of Disney’s (DIS) progress technique

November 16, 2024
The NFL’s Most Notable Suspensions

The NFL’s Most Notable Suspensions

August 12, 2022
This Space Has the BEST Money Stream Potential within the Nation

This Space Has the BEST Money Stream Potential within the Nation

October 26, 2024
Where’s Putin? Leader leaves bad news on Ukraine to others

Where’s Putin? Leader leaves bad news on Ukraine to others

November 18, 2022
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In