Top Analysts Are Optimistic About Tesla & CrowdStrike

Investors are unlikely to emerge from the market turmoil any time soon.

Stocks had a rough start to early 2022, and Russia’s war with Ukraine added further uncertainty and volatility to global financial markets. A new development is coming for traders this week: an important meeting of the Federal Reserve and the possibility of starting to raise interest rates.

Short-term trading is hard enough in these cases. Top analysts are reminding investors to maintain a long-term view – and they’ve highlighted their favorites, according to TipRanks, which tracks the best performing analysts.

Here are five stocks that have caught the attention of top Wall Street experts.

The protracted sell-off in tech names has given many investors headaches, and the volatility of recent weeks has made even more of an impact. However, for those willing to buy the embed, Marvell’s (MRVL) pricing can be too hard to resist. That is the opinion of Quinn Bolton of Needham & Company, who commended the semiconductor company for its recently reported quarterly performance.

Despite the economic downturn and supply-side constraints that persist, MRVL beat Wall Street consensus estimates for gross margin and earnings per share from the fourth quarter. In addition, it exceeded guideline expectations on the two metrics alike, as well as sales. (To watch Marvell . Dividend Data on TipRanks)

In his report, Bolton added that Marvell recorded an all-time high in bookings and an incredibly high volume of unmissable orders. These factors provide a clearer bullish outlook for analysts evaluating the stock.

This was the case with Bolton, who reiterated his buy rating on Marvell and adjusted his price target to $105.

The analyst noted that the chipmaker has a “strong track record” and has expanded “its product portfolio targeting the automotive/cloud computing/5G infrastructure markets.” high growth, high growth rate”. He reckons the company is able to achieve some of the highest revenue growth rates among its established peers.

Furthermore, Bolton said that Marvell “remains our top semiconductor pick for 2022.”

Out of nearly 8,000 analysts on TipRanks, he’s in 3rd place. Bolton is right picking stocks 73% of the time and has returned an average of 74.7% to his rating.

FIGURE (FIGURE) has taken the hospital palm industry to its head, and the company has recently expanded its product offering to its customer base. The company recently posted solid quarterly results, which beat consensus estimates for revenue and adjusted earnings per share.

Robert Drbul of Guggenheim Partners came up with his hypothesis about the retailer, highlighting the company’s high level of consumer retention. He says that half of all new FIGS customers return within a year, and those who shop in a second year return a third time 95% of the time. (To watch FIGS Estimated Monthly Visits on TipRanks)

The company has managed to penetrate a highly fragmented market and it exists in one of the fastest growing labor sectors in the country.

Drbul rates the stock as a buy and assigns a target price of $35.

The analyst added that the company’s international expansion has been successful. He also mentioned that FIGURE Lifestyle products, which go beyond its core body scrubs, have expanded to account for 17% of quarterly sales. This is especially significant for the company’s prospects as it shows brand awareness as being typical of wear, not just for work.

While shipping and supply challenges have weighed on the company’s gross margins, the impact has been less than Drbul’s prediction and pricing power sufficient to offset rising freight costs. up.

On TipRanks, Drbul ranks 115th out of nearly 8,000 professional analysts. He was successful 65% of the time and maintained an average return of 25.8% on his stock picks.

Tesla’s (TSLA) Berlin gigafactory has recently received aboutI started commercial production of the company’s electric vehicle. (To watch Tesla Risk Analysis on TipRanks)

The development calms investors’ growing concerns about whether the factory will ever open and it helps the company continue to ramp up production to meet its massive demand.

Wedbush’s Dan Ives published a report on this case, noting that the plant the focus of any bullish review on stocks. Hitherto, Tesla was manufacturing the vehicles in Shanghai and shipping them to Europe. This model is quickly becoming unsustainable, further impacted by high transportation costs in 2021.

Ives rates the stock as a buy and maintains his $1,400 price target.

The analyst predicts the production capacity of giga Berlin will increase to 500,000 vehicles per year. Coupled with the newly opened facility in Austin, this could push Tesla’s total production to 2 million by the end of 2022, he said. This number is in contrast to the figure of 1 million vehicles in 2021 and it represents a large improvement in supply.

This output is extremely important for the automaker, as its backlog now stretches to nearly half a year due to delayed orders. Furthermore, Ives said the gigafactory in Berlin will allow Tesla to establish “a major locomotive” on European soil at a time when electric vehicles are increasingly popular.

In TipRanks’ database of nearly 8,000 analysts, Ives ranks at number 432. His success rate is 53% and he has earned an average of 20.4% from his ratings.

Warner Music Group (WMG) has recently seen weakness in its share price, although its underlying performance does not appear to be the root cause. In contrast, the company has been investing heavily in talent, content, and leveraging new innovations to drive growth.

Ivan Feinseth of Tigress Financial Partners recently said that the company has several avenues for growth and that he sees the drop in valuation as an attractive buying opportunity.

Feinseth rates the stock as a buy, and he maintains his price target of $52.

In his report, the analyst wrote that “the arrival of Metaverse will create a whole new model for music integration” and that “the immersive environment will be enhanced … on the basis of increasingly personalized.”

Furthermore, Feinseth highlighted performances in the company’s recording, publishing and streaming businesses. This particular factor was evident in WMG’s recent quarterly earnings release, where 21% increase in revenue on an annual basis. (To watch Warner Music Group earnings data on TipRanks)

Warner Music Group has been using Sodatone, an acquired digital music data tracking and analytics platform, to discover and develop new artists and their content.

Out of nearly 8,000 financial analysts, Feinseth comes in at number 92. He’s right in rating the stock 64% of the time, and he has an average return per rating of 28.8%.

Cybersecurity concerns have been heightened since Russia attacked Ukraine. In return, shares of CrowdStrike (CRWD) increased slightly again. The stock still has plenty of room to grow before hitting a November 2021 high.

Having an upbeat view of the cybersecurity company is Jonathan Ruykhaver of Baird, who noted CrowdStrike’s performance in their most recent quarterly earnings report. The company beat Wall Street consensus estimates for annual recurring revenue, revenue, and non-GAAP earnings per share. (To watch CrowdStrike Stock Chart on TipRanks)

Ruykhaver rates the stock as a buy, and he has calculated a target price of $225.

CrowdStrike’s robust product line, which includes services like identity protection, cloud workload security, and log management, is being used by more customers. Ruykhaver mentioned that 57% of customers have used five or more modules, an impressive statistic considering an increase from 47% last year.

The analyst wrote that “we see significant growth room for CrowdStrike in endpoint security and emerging markets like the cloud as well as a long-term outlook given its innovation and performance history.” “.

Ruykhaver ranks 17th out of nearly 8,000 professional analysts on TipRanks. His success rate is 78% and he has maintained an average return of 54.2%.