Top Wall Street Analysts Say Buy Rivian and Marvell

The market volatility in recent weeks has been enough to make even the most experienced investors nervous, especially as they face the omicron Covid variant and the prospect of tight monetary policy. than from the Federal Reserve.

Top Wall Street analysts are looking at the short-term course of volatility. These five stocks are potential long-term winners, according to TipRanks, which tracks the best-performing stock pickers.

While the semiconductor sector has benefited greatly from the shift towards data centers and the digital economy, Marvell Technology (MRVL) is ready to capitalize. The semiconductor developer recently broke down its quarterly profit, and analysts have taken a more upbeat view of their multi-year outlook. (See Marvell risk factors on TipRanks)

Rosenblatt Securities’ Hans Mosesmann published an upbeat report on the stock, noting that the company has seen sales growth of over 30%, as well as a cadence and increase in its guidance. Furthermore, Marvell has minimized the impact of the supply chain so far.

Mosesmann rates the stock as a Buy and raises his price target to $120 from $100.

Analysts note Marvell is in strong demand in “all major infrastructure markets (DC, Carrier, Enterprise/Networking and Auto/Industrial), with all of them driving new transformation with merchant silicon solutions / integrated circuit based on 5nm application in 2H22.” These chips are exactly what the company is focused on, and their applications are predicted to “evolve sequentially” in the future, Mosesmann said.

The analyst says that over the next few years, calling the stock a “secular favorite,” the company sees a head start and increased revenue from wins in silicon optimized for design. cloud, 5G growth and rising dollar content, Automotive Ethernet Conductivity sales and growth of PAM4 [pulse amplitude modulation with four levels] and ZR products to support strong revenue growth. ”

Financial aggregator TipRanks currently ranks Mosesmann at number 6 out of more than 7,000 professional analysts. He’s been successful 81% of the time picking stocks and getting an average of 79% for each rating.

The last few years have been revolutionary for the auto industry, as manufacturers of electric vehicles (EVs) capture the attention of consumers and investors alike. After going public last month to much fanfare, shares of Rivian Automotive (RIVN) seems to have softened in volatility and analysts are mostly upbeat. (See Rivian stock analysis on TipRanks)

Among those analysts is Wedbush Securities’ Daniel Ives, who considers Rivian a “strong growing EV,” due to its trajectory in capturing a largely untapped market. While other electric vehicle manufacturers mainly focus on sports cars and sedans, Rivian was among the first to offer luxury SUVs and Pickups.

Ives rates the stock as Buy and starts coverage with a price target of $130 per share.

Relatively little competition stands in the way of RIVN, with only General Motors (GM), Ford (F) and Tesla (TSLA) plans to manufacture or announce similar vehicles. When compared with smaller companies, Ives argues that Rivian as “leader of the group.”

The analyst noted that RIVN is properly vertically integrated and has tens of thousands of pre-orders ready to provide consistent demand going forward. In addition, the company is backed by Amazon and Vehicle fleet order 100,000 unitsThis has created confidence for investors.

Ives believes that “Rivian is set to create a new category in the EV space with its game-changing launch, a massive Normal, Illinois factory, and the creation of a major brand name in the EV market.” in the next decade.”

Of the more than 7,000 financial analysts who give advice, Ives is considered 79th by TipRanks. His stock ratings have returned correct 69% of the time and have resulted in an average return of 46.3%. .

Giant technology Alphabet (GOOGLE) is one of the world’s most valuable companies, and it has invested in AI across multiple sectors, ultimately driving revenue in its third quarter. Furthermore, the macrosocial trends that persist at home are already in corporate hands, with little sign of slowing down.

The strong focus on artificial intelligence has benefited Alphabet’s new Pixel 6 smartphone and its general search engine features, said Ivan Feinseth of Tigress Financial Partners. He also noted that Apple (AAPL) The iOS 14.5 privacy changes have had minimal impact on GOOGL’s advertising segment, due in part to the popularity of the Android operating system. (See Alphabet website traffic on TipRanks)

Feinseth rates the stock as Buy and raised his price target to $3,540 from $3,185.

Regarding Alphabet’s exploratory innovations, the analyst added that the company has invested in an “advanced neural network-based MUM (Multi-Massive Unified Model) search process, more powerful one thousand times that of BERT (Bidirectional Encoder Model from Transformers).”

Even with its large investments, GOOGL maintains a strong enough balance sheet to satisfy its shareholders in the near term. The company has expanded its $50 billion stock buyback program to include both classes of stock and has so far done over $36.8 billion this year.

Feinseth is ranked at 55th out of over 7,000 analysts on TipRanks and has seen success 70% of the time. His ratings have yielded an average return of 35.7%.

With more digitization and cloud-based solutions for large businesses and private operations, the threat of cyberattacks also increases. For investors looking for a way to play the cybersecurity space, Alex Henderson of Needham & Co. SentinelOne (S) “the fastest growing company on our coverage list.”

The security technology company recently posted impressive quarterly earnings, beating and raising its direction from Wall Street consensus estimates. SentinelOne has been expanding its distribution in part due to partnerships with managed security service providers. The company has also penetrated deeper into larger trading companies. (See SentinelOne News Sentiment on TipRanks)

Henderson rates the stock as Buy and declares a target price of $82.

The analyst noted that “the multi-tenant, microservices, API-based platform is particularly well suited for integration into MSSP’s operating environment, allowing SentinelOne to serve a huge end-market opportunity giant in a cost-effective way.”

The past quarter has seen new customers quickly adopt SentinelOne’s complete product suite, as well as a higher percentage of customers renewing their subscription.

However, as the six-month lock-up period for the company’s stock recently ended, the stock is likely to remain impacted by increased volatility in the near-term. Even so, Henderson predicts SentinelOne will continue to benefit from the high popularity of Cloud Workload and other new product offerings, ultimately driving long-term growth.

Out of more than 7,000 financial analysts on TipRanks, Henderson is rated at number 50. His success rate is 72% and his stock rating has returned him to an average of 72%. 44.1%.

When the pandemic hits, it affects every industry, even waste removal services. However, Waste connection (WCN) has since pulled its business back to pre-pandemic levels, in part due to a wave of mergers and acquisitions supporting inorganic growth, a loyal customer base, and strong salary incentives. protect it from ongoing labor shortages. (See Waste Connection Insider Trading Activity on TipRanks)

Hamzah Mazari of the Jefferies Group detailed these positives in its recent report, stating that “WCN has been ahead of the curve when it comes to wages and continues to pay their drivers in the marketplace, This has helped with employee retention and quality.” Moreover, he does not foresee that M&A will cool down any time soon.

Mazari rates the stock as Buy and determines an upside price target of $154 per share.

The analyst noted that the waste company has reasonably minimized inflation, after increasing prices by as much as 6%, the highest from the previous high in 2008. WCN has a strong foundation. It certainly built trust through accountability. This allows the company to have more leverage relative to price.

As far as supply constraints are concerned, Waste Connections has been working on a strategy in which it pre-orders its fleet of vehicles and equipment, to put itself “in the lead.” Given the high salaries enjoyed by the company’s drivers and employees, these costs could fall in the second half of next year if gross margins are too tight, thus easing the pressure.

Financial aggregator TipRanks ranks Mazari at number 443 out of more than 7,000 analysts. His stock picks were correct 62% of the time, and they returned him on average 39.6% each time.