Investors are facing challenges due to inflation and uncertainty about Federal Reserve rates, causing market volatility. However, long-term investors can benefit from the insights of Wall Street analysts to make informed decisions and improve their portfolio returns. Here are three top stocks recommended by analysts:
1. Monday.com:
Monday.com, a workplace management software company, impressed investors with strong first-quarter results. Goldman Sachs analyst Kash Rangan reiterated a buy rating on the stock and raised the price target to $300. Rangan highlighted the company’s improving net expansion rate, momentum in the enterprise sector, and healthy free cash flow margin. He believes that Monday.com’s pricing power and unified platform will support long-term revenue growth.
2. Walmart:
Retail giant Walmart reported better-than-expected revenue and earnings for the first quarter of fiscal 2025. Baird analyst Peter Benedict reaffirmed a buy rating on the stock and increased the price target to $70. Benedict praised Walmart’s focus on value and convenience, attracting customers across all income levels. He sees potential in the company’s alternative revenue streams, such as advertising and data monetization, which offer higher margins and complement its core retail business.
3. CyberArk Software:
Cybersecurity company CyberArk announced an agreement to acquire Venafi for $1.54 billion, expanding its market opportunities. TD Cowen analyst Shaul Eyal maintained a buy rating on CyberArk with a price target of $300 after the acquisition. Eyal believes that CyberArk’s strong track record with previous acquisitions will benefit from integrating Venafi’s machine identity security solutions. The deal is expected to enhance CyberArk’s margins and revenue synergies through cross-selling and geographic expansion.
Overall, these three stocks have received positive recommendations from top Wall Street analysts, who have a successful track record in predicting stock performance. Investors with a long-term perspective may consider these stocks for potential growth opportunities. By leveraging the expertise of analysts, investors can make more informed decisions to navigate the current market challenges and achieve their investment goals.
