Stock Groups

Top Wall Street analysts are bullish on Oracle & Caterpillar

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Jim Umpleby CEO, Caterpillar Inc.

CNBC| CNBC

The major averages closed Friday with gains for investors. However, volatility is likely to remain the central theme of this year’s market.

The Federal Reserve recently announced a rate rise. Investors also think about inflation, and are concerned about the ongoing war between Russia-Ukraine. While it’s easy for investors to become caught up in day-to-day market movements, they need to have a longer-term view to navigate the turmoil.

Wall Street’s top pros chose their favourite stocks and highlighted the names they feel have long-term potential. TipRanks tracks the most successful analysts.

These are the names you should be paying attention to this week.

Oracle  

OracleORCL) is looking more attractive to tech investors, according to Brian White of Monness, Crespi, Hardt & Co.

A massive tech conglomerate reported recently that it was “respectable.” earningsHe also provided “healthy” future guidance. Analysts noted ORCL’s growth in revenue is at its highest level since shifting to cloud-based services.  

White considered the stock to be a buy and added $126 as a target price.  

According to the analyst, Oracle offers an opportunity for investors to invest in a highly-valued play and participate in a cloud transformation. The firm’s relationships with TikTok and in the health-care sector remain a source of encouragement, and there exists a strong momentum in its SaaS business.  

White acknowledged, however, the volatility currently experienced by tech stocks could continue to be an issue. ORCL shares. It is also not clear that Oracle’s acquisition proposal of Cerner, a health IT company for $28.3 Billion has sparked investor enthusiasm.  

TipRanks ranked White No. From almost 8,000 analysts, White ranks 265. He has a 60% success rate and an average return of 25% from stock selections.  

Take-Two Interactive  

Take Two Interactive shares (TTWO) recently declined after TTWO filed with the Securities and Exchange Commission its S-4 form regarding its acquisition of Zynga. Andrew Uerkwitz from Jefferies Group believes that the price move is excessive.  

The analyst published a report stating his bull case to Take-Two and claiming that Take-Two has “unique value” today. He also appreciates Take-Two’s strong net bookings which he anticipates will increase by FY24/25.  

Uerkwitz gave the stock a Buy rating and set a $231 price target.  

He claimed that even with the gentle guidance of TTWO’sManagement, however, has always been conservative with these metrics. 

Take-Two continues to build on its vast content library by investing heavily in research, development, as well as sales and marketing. Uerkwitz said that Take-Two has some of the most high quality content available among U.S. publisher’s and that a “unprecedented tsunami of content” will be flooding the market. (See Take-Two Risk AnalysisTipRanks 

The analyst did not rule out a future positive rerating for the stock — once its pipeline becomes more visible.  

Uerkwitz is ranked No. 152. His success rate in rating stocks has been 61%, with an average return of 27.7% for each stock.  

ServiceNow 

With workers returning to work, there is speculation that IT spending by companies will slow down. Wall Street thinks secular tailwinds are going to continue to increase ServiceNow (NOW).

Brian Schwartz of Oppenheimer & Co. argued this case in his recent report on the stock, noting that the “secular demand for modern cloud software, digitizing workflow, business continuity, and analytics” is aligned with NOW’s business model.

Schwartz considered the stock to be a buy and calculated an average price target of $660 per shares.  

Schwartz acknowledged uncertainty in high-growth tech companies, along with the associated volatility. He also highlighted near-term risk to investors. Schwartz suggested that ServiceNow’s peers in the industry are far behind it because of its large number satisfied customers.

Schwartz expects ServiceNow to see a significant recovery in demand and back-office sales, despite a slowdown in IT spending. (See ServiceNow Stock ChartsTipRanks 

An analyst currently ranks No. The analyst ranks No. 19 among nearly 8,000 TipRanks analysts. He has a 68% accuracy rate with stock selections and average returns of 48.5% for each.  

SentinelOne  

Many anticipate an increase of cyberattacks on the West as the conflict between Russia and Ukraine escalates. SentinelOne has been praised for its cybersecurity work.S).

Even before this development, SentinelOne maintained a position of the fastest growing company in the coverage of Alex Henderson of Needham & Co. Recent analysis by the analyst stated that SentinelOne’s purpose-built platforms, designed specifically to target this market, have a considerable advantage. They are expected to drive market share growth. 

Henderson considered the stock to be a buy but set a lower price goal at $50 starting at $82.  

Henderson remains bullish about the company’s prospects, despite the decrease in projected earnings. According to Henderson, the cybersecurity firm released its fourth quarter earnings last week on a positive note. They outperformed other areas such as customer growth and revenue.

Henderson highlighted Henderson’s technological capabilities in a market where margins are not as tight as one might prefer. (See SentinelOne Hedge Fund ActivityTipRanks 

SentinelOne management also did not include its guidelines. recently announced acquisitionAttivo, an identity detection company. SentinelOne’s contribution to the merger will be only an additional bonus in next quarter’s reports.  

Henderson ranks No. 110. His success rate is 60% and his average stock pickings return 31%.  

Caterpillar  

Russia’s conflict with Ukraine led to a rise in commodity prices, especially considering Moscow’s status as an exporter of mining materials. The stock of companies such as Caterpillar, which facilitate extracting elsewhere has also risen due to this development.CAT).  

It is poised to attract significant investment in this sector as the world’s biggest producer of mining equipment and engines, and turbines. Jefferies Group CEO Stephen Volkmann said that Russia won’t be accepted back in the global market anytime soon. Also, operations within Russia cannot be trusted.  

Volkmann raised the stock’s rating to buy. He also set a price target at $260.  

This prominent company was historically used by investors to hedge against inflation. Volkmann predicts that there will be a decade of investment in its machinery, especially given the world’s runaway increasing costs.  

The analyst said that the war in Eastern Europe “fundamentally reshapes global commodity markets, driving structurally higher pricing and supply diversification in both mining and oil & gas sectors.”  

The company also owns a business that is linked to its core commodities. CATHe works in commercial construction, where he is vulnerable to the increasing likelihood of stagflation. Volkmann doesn’t see potential losses as more than a small reduction in Caterpillar’s valuation. (See Caterpillar Dividend DataTipRanks 

TipRanks ranks Volkmann as the No. Out of almost 8,000 analysts, Volkmann ranks as 231 He was correct 67% of time when picking stocks, with an average return of 23.5% for each.

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