Three stocks with high growth potential according to top analysts

In July, there were positive signs that inflation could start to slow, leading to better market sentiment and raising investors' hopes for a possible interest rate cut at the Federal Reserve's September meeting. In addition, solid retail sales results eased concerns about a possible economic slowdown.

In this improving market environment, investors are looking for stocks with attractive long-term upside potential. Wall Street experts who conduct in-depth analyses of companies' financial statements and future prospects can be a valuable resource in this regard. Which stocks are involved?

Monday.com: Strong position in the project management market

MNDY
$274.33 $13.16 +5.04%

One of this week's most interesting companies is project management software provider, Monday.com $MNDY+5.0%. The company surprised investors with its second-quarter results, reporting strong demand growth from large customers and improving its full-year outlook. The number of paying customers with annual revenue exceeding $100,000 rose 49% to 1,009.

Analyst Derrick Wood of TD Cowen raised his target price on MNDY stock to $300 and reiterated a "buy" recommendation. He particularly highlighted the growing demand among high-paying customers, noting that the company closed its largest deal to date with a multinational healthcare company. Wood believes that Monday.com is successfully expanding into the larger company market and that this trend will continue in future periods.

CyberArk Software: Growth through identity security

CYBR
$271.23 $3.19 +1.19%

Another attractive stock is CyberArk Software $CYBR+1.2%, a company focused on identity security. CyberArk posted strong second-quarter results and raised its full-year outlook, which analysts attribute to steady demand for their platform.

Baird analyst Shrenik Kothari raised his target price on CYBR to $315 and reiterated his "buy" recommendation. Kothari believes that CyberArk's employee identity and machine solutions are key growth drivers. Despite macroeconomic challenges, he remains optimistic about demand for the company's security solutions, especially in light of the ever-evolving threats.

T-Mobile US, Inc.: A driving force in the 5G network field

TMUS
$199.64 $2.96 +1.50%

The third company on the list is wireless service provider T-Mobile US $TMUS+1.5%. The company recently reported better-than-expected second-quarter results and raised its full-year outlook for new customers and cash flow.

Analyst Ivan Feinseth of Tigress Financial Partners raised his target price on TMUS stock to $235 and reiterated a "buy" recommendation. Feinseth pointed out that T-Mobile US continues to outperform the competition, especially with its high-speed 5G network. The company covers 98% of Americans and its ultra-capacity 5G network reaches more than 330 million people. Feinseth expects the company to continue to capitalize on opportunities in fixed wireless access (FWA).

Disclaimer: There is a lot of inspiration to be found on Bulios, but stock selection and portfolio construction is up to you, so always do a thorough analysis of your own.

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