Stock Groups

Top Wall Street analysts say buy Salesforce & CrowdStrike

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Outside of New York’s office buildings, Salesforce signs

Scott Mlyn | CNBC

With markets up big year-to-date, bulls and bears seem to have completely diverged in their hypotheses on the upcoming end of the fiscal year. Some expect an explosion of dot.com-esq stocks, others see only a slowdown.  

But, long-term investors must take into account the fundamentals of companies when choosing stocks.  

TipRanks sifted through all the noise to find the stocks that Wall Street’s top analysts have identified as long-term winners. Let’s look at the top analysts and fundamentals.  

CrowdStrike  

The cloud computing sector has seen rapid growth over the last 2 years, with little indications of slowing. CrowdStrike Holdings, Inc. is the security company for all of these digital enterprise solutions.CRWD) has been capitalizing on its in-demand niche. The cybersecurity firm is experiencing elevated levels of enterprise spending on security, a positive metric heading toward its expected earnings release on December 1st. (See CrowdStrike Stock AnalysisTipRanks 

Alex Henderson of Needham & Co. recently published his hypothesis on the tech company, writing that “CrowdStrike’s platform is delivering a powerful blend of frictionless deployment and trial, exceptional scalability, and these are resulting in rapid growth which we think is sustainable over 50% for the next 3–5 years.” He was confident enough to state that “investors will be rewarded for buying and holding onto these shares.”  

Henderson gave the stock a Buy rating and set a $340 price target.  

Five-star analyst, he expects another stellar quarter. He also anticipates a rise in the guidance. CrowdStrikeCrowdStrike, which he says is currently a success in its field. Meanwhile, increased cyberattacks and high-profile hacks worldwide have increased the urgency and demand for companies like CrowdStrike. 

Recent concerns over the competition rattled investors, and stock prices fell due to selling pressure. Henderson sees this reaction as overblown as most key indicators are showing strong and robust growth, such as direct consumer sales and the total calculated billings.  

Out of more than 7,000 analysts, TipRanks rates Henderson as #46. Stock picks by Henderson have proven to be successful 72% of times and return him 52.2% per stock.  

Salesforce 

The pandemic name of another winner was quickly proclaimed as Salesforce (CRMAs the global enterprise-level digital transformation began to take hold, Although the cloud-based customer relations management software has experienced a substantial valuation growth over its last two years even though its share price has been declining recently, it is still a highly valued product. The stock is now considered a buy opportunity by some analysts. (See Salesforce.com Website TrafficTipRanks 

Brent ThillJefferies Group stated his views on the stock. He claimed that Salesforce is likely to beat its earnings for November 30, and that Jefferies Group will be introducing a new strategy. He identified high customer satisfaction levels among Salesforce users and additional statistics that indicate long-term demand.  

Thill gave the stock a Buy rating and raised his price target from $325 to $360. 

The analyst found that 83% Salesforce customers see productivity within their pipelines, according to data. The partner ecosystem, which the company has fostered, is also showing healthy acceleration.  

The five-star analyst added that “CRM hit the trifecta of taking a breather on large M&A, focusing on integrating Slack, and delivering more margins.” The stock’s performance is better than that of an ETF similar to IGV, which uses software.  

Financial aggregator website TipRanks currently places Thill at #181 out of over 7,000 analysts. His success rate is 65% and his average return on investment has been 36.3%.  

Booking Holdings

Despite a Q3 of persisting COVID-19 levels across Western Europe and the U.S., global travel trends have gained momentum and are expected to take off even more once more restrictions are eased. Booking Holdings Inc. is well placed to capitalize on this tailwind.BKNG(See ) has taken advantage of the shift to self-booking in travel and reported impressive quarterly results. (See Booking Risk Factors on TipRanks) 

Ivan Feinseth of Tigress Financial Partners bullishly wrote that “BKNG’s market-leading position, strengthened by its strong brand equity and diversified global footprint, together with its solid execution ability, technologically advanced platform, and realization of value from its complementary acquisition strategy, will continue to drive a rebound in return on capital.” 

Feinseth rated the stock a Buy, and reiterated his price target of $3,150.  

Booking’s high demand for hotels, flights, and rental vehicles instilled confidence in the five-star analyst. He also noted that the company successfully mitigated impacts from the pandemic’s lows by maintaining a strong balance sheet, which in turn allowed it to invest in new initiatives and innovations.  

Additionally, BKNG’s acquisitions and investments have facilitated an expansion into its “travel ecosystem with recent in ground travel services, integrating ground travel with hotel bookings, and expanding its rental car business to include alternative forms of transportation.” 

Feinseth maintains #50 out of more than 7,000 analysts on TipRanks. He has been successful with his stock picks 75% of the time, and has returned an average of 38.4% per rating.  

Analog Devices  

The global semiconductor shortage has hit many major industries hard, with automotive and smartphone manufacturers scrambling to contain impacts. Meanwhile, many of the firms which design and produce the chips themselves are experiencing high levels of demand and have long backlogs of bookings to fill. Analog Devices, Inc. (ADI) falls into this case, and despite a transitory supply-side obstacle of its own, is now poised to drive ahead with enhanced capacity and elevated pricing for its products. (See Analog Devices Hedge Fund ActivityTipRanks 

Quinn Bolton of Needham & Co. printed his take, arguing that “through organic development and strategic acquisitions, we believe Analog Devices has built the preeminent franchise in precision analog semiconductors, one of the most attractive segments in the entire semiconductor industry” 

Bolton maintained a Buy rating on the stock, and confidently raised his price target to $205 from $200.  

The five-star analyst explained that the difficulties with the COVID-19 impacted Malaysian shipping routes are largely bypassed, and no longer represent a significant concern for the company. Furthermore, while capacity constraints may weigh down output in the short-term, ADI is ramping up its ability to meet the heavy demand.  

Looking back and past performance, ADI reported a Q3 full of strong earnings and an encouraging guidance raise. Moving forward, orders are remaining at healthy levels and the firm’s path toward growth has gotten clearer. Bolton was boldly bullish on the company, writing that Analog Devices represents “a core holding in any semiconductor portfolio.” 

TipRanks has calculated Bolton to be #1 out of more than 7,000 other financial analysts. His ratings have met success 88% of the time, and he has returned an average of 100.9% on each one.  

Dell 

While the COVID-19 pandemic pushed workforces back to home, Dell Technologies Inc. (DELL) saw its valuation rise as the home office drove computer sales. Now, as those same employees are transitioning back to the office, corporate level purchases are aiding that same metric. The computer technology company recently posted its strong Q3 results, beating Wall Street consensus estimates on revenue and EPS despite a tough comparison from its prior report. (See Dell Technologies Earnings Date & ReportsTipRanks 

Amit DaryananiEvercore ISI explained that the company has been addressing the challenges posed by supply shortages and is strengthening its balance sheets. Dell achieved a high level of productivity despite its higher capital expenditures.  

Daryanani upgraded the stock to Buy and gave a target price of $63. The target was slightly higher than his prior $62.  

The five-star analyst went on to write that the operational leverage provided by Dell’s robust balance sheets should pave the way toward share repurchases in the future.  

Dell has been experiencing expansion across both its infrastructure and networking offerings and its commercial computer product segments. Daryanani believes that Dell will achieve its goals in Q4.  

Analyst stated his bullishness, saying that “the company executes well against an incrementally harder supply environment” and believes their superior supply chain management is driving share gains. 

Daryanani ranks currently at #155 in a list of more than 7,000 professionals analysts. He has a 73% accuracy rate with stock selections and an average return of 35%.  

Disclosure: Brock Ladenheim didn’t hold any positions in the securities listed in this article at the time it was published. 

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