Wall Street analysts focus on selecting stocks that can thrive despite short-term pressures. Here are three stocks favoured by top analysts, according to TipRanks.
3 stocks that you should pay attention to
Burlington Stores (BURL)
Off-price retailer Burlington Stores impressed with its Q1 fiscal 2024 results, raising its profit margin and earnings outlook. Jefferies analyst Corey Tarlowe reaffirmed a buy rating, increasing the price target to $275 from $260. Tarlowe highlighted the company’s robust comparable sales growth, well-managed inventory levels, and potential for significant top-line and margin expansion. Burlington plans to open about 100 new stores this year, aiming to reach 2,000 stores over time.
Amazon (AMZN)
Amazon delivered solid Q1 earnings, benefiting from strong revenue growth and cost-cutting measures. Tigress Financial analyst Ivan Feinseth reiterated a buy rating, raising the price target to $245 from $210. Feinseth cited the company’s leadership in generative AI, continued expansion of Prime membership benefits, and growth in digital advertising and grocery sales. Amazon Web Services (AWS) is expected to drive profits through its superior performance and security features.
PagerDuty (PD)
PagerDuty, a digital operations management platform, reported mixed Q1 fiscal 2025 results but showed profitability on a non-GAAP basis for the seventh consecutive quarter. RBC Capital analyst Matthew Hedberg reiterated a buy rating with a $27 price target. Hedberg noted steady annual recurring revenue (ARR) growth and increased billings. The company sees potential in its federal business and multi-year deals, projecting ARR growth acceleration in the second half of fiscal 2025.
These three stocks demonstrate resilience and growth potential, making them attractive picks for long-term returns amidst current market conditions.
