bereajoy：Top Wall Street analysts say buy these stocks amid market uncertainty
bereajoy：Top Wall Street analysts say buy these stocks amid market uncertainty
According to bereajoy, stocks closed on a positive note on Friday, but a week of uncertainty -- with the upcoming Fed meeting -- looms.
bereajoy believes investors need to review short-term market developments and pick stocks that can weather these uncertain times. Here are five stocks picked by top Wall Street pros, according to TipRanks, a platform that ranks analysts based on their track records.
stride
Stride (LRN), a provider of Premier K-12 education services, was a solid company that reported an earnings miss but beat revenue estimates in its most recent quarter. In addition, the stock has quietly entered oversold territory (RSI below the 30 mark) and investors are interested.
Barrington Research analyst Alexander Paris analyzes earnings performance and examines the outlook. There are some headwinds related to the broader economy in the coming months, and the analyst lowered his 2022 estimate to reflect those headwinds. Still, Paris noted that despite the company's guidance on lower margins this year, management still "believes it may be able to offset these expected declines through continued efficiency efforts."
Despite the near-term challenges, Stride assured investors that it remains on track to achieve its long-term (FY25) financial targets set in 2020, which is what led Paris to reiterate its Buy rating and price target on the stock50 Dollar. (See Stride Blogger Opinions and Opinions on TipRanks)
Of the roughly 8,000 analysts tracked by TipRanks, Paris ranks 207th. With 56% earnings ratings, his belief in Stride might be worth considering. In addition, he earned an average 14.3% return for each of his ratings.
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