At Extreme Investor Network, we are always on the lookout for top stocks recommended by Wall Street analysts with attractive long-term growth potential. This week, we have three stocks favored by the Street’s top pros that you should consider adding to your portfolio.
1. Monday.com (MNDY)
Monday.com, a project management software provider, impressed investors with its second-quarter results and raised full-year outlook. With a growing number of paid customers with high annual recurring revenue, the company is gaining traction among large clients. Analyst Derrick Wood from TD Cowen raised the price target for MNDY to $300 and reiterated a buy rating, citing strong demand and significant deals with multinational companies. Wood’s past performance ranks him No. 197 among analysts tracked by TipRanks, with successful ratings delivering an average return of 13.3%.
2. CyberArk Software (CYBR)
CyberArk Software, an identity security company, posted upbeat second-quarter results and raised its full-year outlook. Analyst Shrenik Kothari from Baird reaffirmed a buy rating and raised the price target to $315. Kothari believes in CYBR’s strong operational performance, with solid growth in new business acquisitions and expanding business among existing customers. He is optimistic about the demand for CyberArk’s identity security solutions amidst a changing threat landscape. Kothari’s successful ratings have delivered an average return of 22.7%, positioning him at No. 196 among analysts tracked by TipRanks.
3. T-Mobile US, Inc. (TMUS)
Wireless network provider T-Mobile US reported better-than-expected second-quarter results and raised its full-year guidance. Analyst Ivan Feinseth from Tigress Financial Partners reiterated a buy rating and increased the price target to $235. T-Mobile’s high-speed 5G network coverage and strong subscriber growth are driving revenue and cash flows. Feinseth is optimistic about the company’s position in the industry and expects it to benefit from opportunities in fixed wireless access. His successful ratings have yielded an average return of 11.9%, positioning him at No. 239 among analysts tracked by TipRanks.
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