As November draws to a close, investors seek insight into potential long-term stock investments. CNBC recently reported that Wall Street analysts have identified five promising stocks for sustained growth.
First on This Week's List: Domino's Pizza (DPZ)
Domino's Pizza (DPZ) leads the list, according to BTIG analyst Peter Saleh. Following discussions with the company's management on various initiatives, Saleh reiterated a buy rating with a "top pick" designation and a $465 price target.
Wall Street analysts have identified five promising stocks for sustained growth. These stocks include Domino's Pizza and Intel, among others.Scott Olson/Getty Images
The analyst anticipates positive impacts from changes to Domino's rewards program, expecting increased transactions from lower-frequency customers. Additionally, the partnership with Uber Eats is seen as a move that will enhance sales and margins for franchisees.
Palo Alto Networks (PANW)
Cybersecurity company Palo Alto Networks (PANW) is also in focus, BTIG analyst Gray Powell said. Despite missing quarterly billings estimates, Powell emphasized positive factors such as strong demand, higher pipeline visibility, and growth in next-generation security annual recurring revenue. Powell maintains a buy rating and a $292 price target for PANW.
Monday.com (MNDY)
Monday.com (MNDY), a work management platform, is highlighted for its impressive Q3 results by Goldman Sachs analyst Kash Rangan. The analyst raised the stock's price target to $270, emphasizing the upbeat revenue and outsized margin momentum.
Rangan sees minimal disruption to near-term performance and a positive management tone, indicating improved top-of-funnel activity and growing demand for new offerings.
Google's parent company, Alphabet (GOOGL) is next, according to Tigress Financial analyst Ivan Feinseth. Despite Google Cloud's missing revenue expectations, Feinseth is optimistic about Alphabet's future growth, fueled by improved monetization through artificial intelligence integration.
The analyst highlighted that Alphabet's robust financial position is supported by a strong balance sheet and positive cash flow, backed by the funding of its growth initiatives, strategic acquisitions, and enhancement in shareholder returns through share repurchases.
Intel (INTC)
Finally, semiconductor giant Intel (INTC) is also being picked after its robust Q3 results. Mizuho analyst Vijay Rakesh upgraded INTC to buy from hold, raising the price target to $50.
Rakesh anticipated significant new server product launches and Foundry customer announcements in the coming months. The spinoff of the Altera FPGA business is expected to add value, with 2025 being a crucial transition year for Intel.
In a month marked by substantial market gains, these stocks are identified by analysts as potential long-term winners. As investors navigate market complexities, insights from Wall Street experts could provide valuable guidance for sustained investment strategies.
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