The market volatility of the past few weeks worries even the most seasoned investors, especially given Omicron’s Covid variant and the prospect of tighter monetary policy by the US Federal Reserve.
Wall Street’s top analysts ignore the short-term turmoil. Those five stocks are potential long-term winners, according to TipRanks, which tracks the best-performing stock picks.
Marvell
While the semiconductor sector has benefited greatly from the move to data centers and a digital economy, Marvell Technology (MRVL) is capitalized. The semiconductor maker recently broke its quarterly earnings and analysts have taken a more bullish stance on its multiyear outlook. (See Marvell Risk Factors on TipRanks)
Hans Mosesmann of Rosenblatt Securities released an upbeat report on the stock, noting that the company had posted revenue growth of over 30% and had exceeded and raised its forecast. In addition, Marvell has so far mitigated the impact on the supply chain.
Mosesmann rated the stock a Buy and raised its price target from $ 100 to $ 120.
The analyst noted that Marvell is seeing robust demand in “all major infrastructure markets (DC, Carrier, Enterprise / Networking, and Auto / Industrial), with all embracing new transitions with 5nm-based application-specific integrated circuit / dealer silicon solutions in 2H22 . “It is precisely on these chips that the company is focusing, and it is expected that their applications will” grow sequentially “in the future, said Mosesmann.
The analyst called the stock a “worldwide favorite idea” and stated that over the next several years the company would “generate growth and additional revenue from cloud-optimized silicon design profits, the rise in 5G and increased dollar salary, the increase in sales of automotive Ethernet conductivity and the.” Ramp from PAM4 [pulse amplitude modulation with four levels] and ZR products to support strong sales growth. ”
The financial aggregator TipRanks currently places Mosesmann in 6th place out of more than 7,000 professional analysts. He was successful in his stock picks 81% of the time, averaging 79% on each rating.
Rivian
The past few years have been revolutionary for the automotive industry as electric vehicle (EV) manufacturers have attracted the attention of consumers and investors. After Rivian Automotive’s shares went public to a great roar last month (RIVN) appears to have calmed down in volatility and analysts are broadly optimistic. (See Rivian stock analysis on TipRanks)
Such analysts include Daniel Ives of Wedbush Securities, who views Rivian as an “electronic mortal in development” because of his track record of entering a largely untapped market. While other electric vehicle manufacturers have mainly focused on sports cars and sedans, Rivian is one of the first to offer luxury SUV and pickup models.
Ives named the stock a Buy and initiated coverage with a target price of $ 130 per share.
RIVN stands in the way of relatively little competition, only General Motors (GM), Ford (F.) and Tesla (TSLA) who have made or announced plans for similar vehicles. Compared to smaller companies, Ives claims Rivian is “the top tier”.
The analyst noted that RIVN is properly vertically integrated, holding tens of thousands of pre-orders to ensure consistent demand in the future. In addition, the company is backed by Amazon and its fleet order of over 100,000 vehicles, which has given investors confidence.
Ives believes that “Rivian, with its groundbreaking debuts, a massive presence in Normal, Illinois, will create a new category in the EV space and create a major brand in the EV market over the next decade.”
Ives is ranked 79th out of over 7,000 financial advisory analysts by TipRanks. His stock valuations are correct 69% of the time and have resulted in an average return of 46.3% each.
alphabet
Technology giant Alphabet (GoogL) is one of the most valuable companies in the world and has invested in AI across multiple sectors, which ultimately increased its revenue in the third quarter. Furthermore, the persistent macro-societal trends at home have played into the hands of the conglomerate, with little sign of slowing down.
Ivan Feinseth of Tigress Financial Partners said the heavy emphasis on artificial intelligence had benefited Alphabet’s new Pixel 6 smartphone and its general search engine functionality. He also noted that Apple’s (AAPL) The iOS 14.5 privacy changes had minimal impact onogle’s advertising segment, in part due to the proliferation of the Android operating system. (See Alphabet Website Traffic on TipRanks)
Feinseth rated the stock a Buy and raised its price target from $ 3,185 to $ 3,540.
Regarding Alphabet’s exploratory innovations, the analyst added that the company has invested in a “modern, neural network-based natural language search process, MUM (Multitask Unified Model) that is a thousand times more powerful than BERT (Bidirectional Encoder Representations of Transformers). . ”
Despite its heavy investments ,GELO has maintained a sufficient balance sheet to keep its shareholders happy in the short term. The company expanded its $ 50 billion share buyback program to both share classes, and has totaled $ 36.8 billion this year.
Feinseth is ranked 55th by more than 7,000 analysts on TipRanks and was successful 70% of the time. Its reviews have an average return of 35.7%.
SentinelOne
With increasing digitization and cloud-based solutions for large companies and private businesses, the threat of cyber attacks has also increased. For investors looking for a way to get involved in cybersecurity, Needham & Co.’s Alex Henderson named SentinelOne (S.) “the fastest growing company in our coverage list.”
The security technology company recently released impressive quarterly earnings, beating projections and beating Wall Street consensus estimates. SentinelOne has expanded its sales reach in part through partnerships with managed security service providers. The company has also made further forays into larger trading companies. (See SentinelOne News Sentiment on TipRanks)
Henderson named the stock a Buy with a target price of $ 82.
The analyst found that “the multi-tenant, microservices-based, API-driven platform is particularly well suited to integrate into the operating environment of MSSPs so that SentinelOne can cost-effectively serve this massive end-market opportunity.”
Last quarter, new customers quickly embraced SentinelOne’s full suite of products, as well as a higher rate of customers renewing their subscriptions.
However, since the six-month lock-up period for the shares recently expired, the shares may still be affected by increased volatility for a short time. Even so, Henderson believes that SentinelOne will continue to benefit from the high popularity of its cloud workload service and other new product offerings, which will ultimately lead to a long-term upward trend.
Henderson is rated 50th by over 7,000 financial analysts on TipRanks. His success rate is 72%, and his stock ratings averaged him 44.1%.
Waste connections
When a pandemic hits, it affects almost every industry, even waste disposal services. Waste compounds (WCN) has since returned its business to pre-pandemic levels, in part due to a wave of mergers and acquisitions that are fueling inorganic growth, a loyal customer base, and strong wage incentives to protect against persistent labor shortages. (See Waste Connections Insider Trading Activity on TipRanks)
Hamzah Mazari of Jefferies Group explained these positives in his latest report, noting that “WCN has always been one step ahead on wages and continues to pay its drivers above the market, which has contributed to retention and employee quality.” In addition, he does not anticipate that M&A will “cool down in the foreseeable future”.
Mazari listed the stock as a Buy and had a bullish price target of $ 154 per share.
The analyst noted that the waste disposal company held inflation adequately after it hiked its prices to 6%, a high above its previous high in 2008. WCN has a strong installed base that it has cultivated trust through accountability . This allows the company more price-related leverage.
When it comes to delivery bottlenecks, Waste Connections is pursuing a strategy of placing fleet and equipment orders well in advance in order to be “on the front line”. In view of the high wages of drivers and employees, these costs can be reduced in the second half of next year if gross margins are too tight, thus relieving the pressure.
The financial aggregator TipRanks ranks Mazari 443rd out of over 7,000 analysts. His stock picks were right 62% of the time, and they earned him an average of 39.6% each.
