Top Wall Street analysts are bullish on these three stocks for the long term | Wilnesh News

Renewed investor concerns about the prospect of rising long-term interest rates have sent major stock indexes lower over the past week.

While markets may seem volatile right now, it’s critical for investors to maintain a long-term focus and look for stocks that can provide attractive returns in the years to come.

With that in mind, here are three stocks to like Wall Street’s Top ProfessionalsAccording to TipRanks, the platform ranks analysts based on their past performance.

The first stock of the week is a cybersecurity vendor mass strike (Add, delete, modify and check). The company has impressed investors recently with strong quarterly results and upbeat guidance.It also announced that it would Get traffic securityproviding cloud data runtime security solutions.

Mizuho Analyst Greg Moskowitz Highlighting strong interest in CrowdStrike’s Falcon Cloud Security, Identity and next-generation LogScale SIEM (security information and event management) products, management revealed that these products collectively contributed more than $850 million in annual recurring revenue.

The analyst also noted that the company closed several large deals in the fourth quarter, including more than 250 deals valued at more than $1 million. In addition, transaction volume across all customer segments surged 30% compared to the same period last year.

“CRWD’s cloud platform remains very different and its GTM (go-to-market) is unparalleled,” Moskowitz said in explaining his optimistic stance, adding that the company is seeing more success outside of the traditional endpoint security market.

The analyst sees CrowdStrike as a beneficiary of generative artificial intelligence. Moskowitz reiterated a buy rating on CRWD stock and raised his price target to $390 from $360.

Moskowitz ranks No. 132 among more than 8,700 analysts tracked by TipRanks. His ratings were profitable 62% of the time, with an average return of 16.5% per rating. (look CrowdStrike Ownership Structure on prompt ranking)

We turn to sneaker and apparel manufacturers Nike (of).Earlier this month, Guggenheim analysts Robert DeBoer Reiterates a buy rating on Nike stock with a price target of $130, calling it the “best idea.” The analyst believes the stock’s retracement (down more than 8% by 2024) provides an attractive entry point with a healthy risk/reward profile.

“We believe Nike is laying the groundwork to launch impactful new products (focused on basketball, but also running) to accelerate revenue growth in the second half of 2024 and 2025,” Drbul said.

The analyst noted that the company has been increasing its focus on the highly competitive running category after losing market share over the past few years. He expects growth in the category to be supported by a range of new products including Pegasus 41.

Drbul also expects the Nike brand to receive a lot of attention at the upcoming 2024 Summer Olympics. Additionally, he believes Jordan Brand will continue to be strong and provide the company with significant opportunities in international, women’s and children’s apparel. He emphasized that Jordan Brand is becoming the second largest brand in North America.

In addition, analysts believe that with rising prices, favorable ocean freight rates and improved supply chains, gross margins may expand enough to offset increased product costs.

Drbul ranks No. 565 among more than 8,700 analysts tracked by TipRanks. His rating was profitable 59% of the time, with an average return of 7.9% each time. (look Nike stock buyback on prompt ranking)

Warehouse chain BJ’s Wholesale Club (Beijing) recently reported fourth-quarter results that were mixed. The company’s profit beat analysts’ consensus forecasts, but revenue, which grew 8.7% annually, fell short of expectations.

Nonetheless, Baird analysts Peter Benedict Very impressed with the company’s performance. He reiterated his buy rating on BJ stock and raised his price target to $90 from $80. The analyst noted that despite deflation continuing to impact average basket size, the company still delivered encouraging key performance indicators, including footfall and sales.

Analysts believe that BJ’s has made good progress in transforming its department store business through various efforts, including strengthening variety and product display and strengthening marketing efforts. Interestingly, department stores are expected to grow faster than grocery companies in fiscal 2024.

Benedict also highlighted BJ’s solid real estate pipeline and plans to open 12 clubs this year. In addition, he also noted the retailer’s healthy membership development trend. Membership fee revenue increased by 6.5% this quarter, and the lifetime renewal rate remained at a strong level of 90%.

“With a healthy balance sheet and a still reasonable valuation, we continue to highlight BJ as an attractive long-term mid-cap major GARP (growth at a reasonable price) thesis,” the analyst said.

Benedict ranks No. 74 among more than 8,700 analysts tracked by TipRanks. His ratings were profitable 69% of the time, with an average return of 15.2% each time. (look BJ’s Wholesale Technical Analysis on prompt ranking)