Top Wall Street Analysts Like Apple & Nvidia

The market outlook is becoming increasingly uncertain, as inflation is hard to control and the economy is slowing down.

Stocks ended Friday with a loss. Ultimately, they failed to recover from Tuesday’s deep sell-off, in which the Dow Jones Industrial Average fell more than 1,200 points.

related investment news

Wall Street favorite stable stocks include a healthcare name that could rally nearly 60%

In this context, investors need to look to the uncertain past and present when they choose their investments. In the end, here are five stocks selected by top Wall Street experts, according to TipRanks, a platform that ranks analysts based on their performance history.

Apple (AAPL) needs no introduction. The iPhone maker has been beating all the odds and has been rocking with exciting product launches. On September 7, the company held big fall eventwhere it launched the much-awaited iPhone 14 series, along with the Apple Watch and AirPods.

After the event, Monness analyst Crespi Hardt Brian White says the product introduction has enhanced “a portfolio that has never been stronger and a platform more popular.” (See Apple hedge fund trading activity on TipRanks)

White cautions that a difficult macro environment could make consumers hesitant to buy a new smartphone. However, he was encouraged by the fact that the company no increase in the price of the smartphone iPhone 14.

White note that Apple Current price-to-earnings are higher than average in recent years. However, looking at the long-term business model, the analyst is optimistic that Apple The strong development of service business has created a solid foundation for consumers’ trust.

Analyst, who is at 470^order positions out of nearly 8,000 analysts tracked on TipRanks, have assigned a buy rating on AAPL stock, with a price target of $174.

White has a record of a 57% success rate for his ratings, each rating generating an average return of 11%.

Growing demand for natural gas as an energy source is driving growth EQT JOINT STOCK COMPANY (EQT). Needless to say, this year’s spike in oil and gas prices also took place EQT on a wild ride.

The company recently entered into an agreement acquires shale producer Tug Hill. Following the news, RBC Capital Markets analyst Scott Hanold repeat buy rating EQT shares, with a $2 price target raised to $57. “Recent comments from Management during the 22nd Q2 conference call emphasized that buybacks need to be more attractive than share buybacks. of the company itself and also add to asset quality, including a reduction in the company’s break-even point, and we believe this deal will test those factors,” Hanold said, explaining the uncertainty. his authority. (See Opinions and feelings of EQT Blogger on TipRanks)

According to analyst calculations, the acquisition of Tug Hill could take By EQT free cash flow to $6 billion by 2023, while increasing earnings per share by 10% to 15%. Additional FCF can be used to further license share buybacks, but Hanold thinks the company is more likely to use it to reduce debt.

“We believe EQT stock will outperform its peers over the next 12 months. EQT is well positioned with a large asset base concentrated in the Appalachian Basin,” said Hanold, who ranked 14th in the list. nearly 8,000 analysts follow on TipRanks said.

In total, 66% of Hanold’s ratings successfully generated an average return of 30.9%.

Another oil and natural gas exploration and production company, Devonian energy (DVN), is one of the favorite picks of the best analysts on the market. The company’s favorable geographical location is driving much of its business. The rich basins of Delaware, Eagle Ford, Anadarko, Powder River and Williston are core areas of activity for the company. Devonian energy.

Earlier this month, the company enter into a liquefied natural gas (LNG) partnership with Delfin Midstream. The deal includes a bilateral agreement for long-term liquefaction capacity (1 million tons per year) on Delfin’s first floating LNG vessel, with the possibility of adding an additional 1Mtpa in the first project or in vessels. Future.

Following the announcement, Mizuho Securities analyst Vincent Lovaglio looks upbeat about the deal’s prospects, reiterating a buy rating on the company with a price target of $91. “Downstream investments in liquefaction could connect price-disadvantaged Permian natural gas to premium global markets, using today’s excess free cash flow to convert a single molecule,” the analyst said. was once considered a contingent liability to an asset.” (See Devon Energy dividend history and date on TipRanks)

Moreover, the agreement can promote Devon Annual dividend is about 30%. Lovaglio is ranked #1 out of nearly 8,000 analysts on TipRanks. Notably, 91% of his ratings were successful, each rating delivering an average return of 46.2%.

Semiconductor component manufacturer Broadcom (AVGO) has recently focused on incorporating high-margin software into its product portfolio with the help of organic efforts as well as strategic acquisitions. Therefore, Broadcom’s $61 billion buys virtualization software company VMware has attracted the attention of some analysts.

Analyst Mizuho Vijay Rakesh is one of the optimists about the acquisition. “With VMware, we believe AVGO can follow a similar strategy to Symantec-CA, where they hold key core assets and divest in several high-volume high-exposure markets,” he said. short. (See Broadcom Securities Investor on TipRanks)

Analyst believes the acquisition will boost significantly Broadcom’s earnings per share. The analyst believes the company’s stock could hit a price of $793 and reiterates a buy rating on the stock.

Broadcom’s A strong market position in several areas, operating leverage and a focus on acquisitions to drive profitability make Rakesh confident in its potential to unlock value.

Ranked 128 out of about 8,000 analysts on TipRanks, Rakesh was successful with 57% of his ratings. Furthermore, each of his ratings has generated an average return of 20.2%.

One of Vijay Rakesh’s other top picks for this season is the semiconductor giant Nvidia (NVDA). The company was recently noticed to guide a $400 million in revenue in the third quarter due to US restrictions on the sale of high-performance AI chips in China.

After talking with the top officials of NvidiaRakesh emerges optimistic about Nvidia again, reiterating a buy rating on the stock with a price target of $225. Rakesh is bullish on the company’s high-end Hopper architecture, which is on track despite the ban. That’s because most of the development team is in the US (See Nvidia Stock Charts, Price History & Graphs on TipRanks)

“We believe the Hopper ramp will be unaffected by the export ban with the updated 8-K allowing freedom of the supply chain through Hong Kong and China,” Rakesh said. This gap will be a significant boost for the company.

Furthermore, more than 90% of all AI workloads in the data center world are powered by Nvidia. AI has the potential to provide secular growth opportunities against key macro risks for the company.