This Analyst With 85% Accuracy Rate Sees More Than 19% Upside In Domino's Pizza - Here Are 5 Stock Picks For February From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts have made new stock picks with significant upside potential. Josh Siegler of Cantor Fitzgerald sees a 41% upside in Riot Platforms (RIOT), Keith Hughes of Truist Securities forecasts a 31% rise in Trex Company (TREX), Shrenik Kothari of Baird predicts a 1% increase in Okta (OKTA), Taz Koujalgi of Wedbush expects a 12% surge in Snowflake (SNOW), and Andrew Strelzik of BMO Capital anticipates over a 19% upside in Domino's Pizza (DPZ). These picks are based on recent financial results and market activities.
March 01, 2024 | 1:16 pm
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POSITIVE IMPACT
Andrew Strelzik maintains an Outperform rating on Domino's Pizza, raising the price target from $475 to $535, expecting over a 19% upside.
The optimistic price target adjustment following better-than-expected Q4 earnings suggests a strong growth trajectory for DPZ.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Shrenik Kothari maintains an Outperform rating on Okta, with the price target increased from $90 to $108, seeing about a 1% upside.
The slight increase in price target after strong Q4 results and FY25 guidance suggests a modest but positive outlook for OKTA.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Josh Siegler maintains an Overweight rating on Riot Platforms, with a price target increase from $19 to $20, seeing a 41% upside.
The positive outlook by a highly accurate analyst, combined with a recent sales agreement, suggests strong potential for RIOT's stock price to rise.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Taz Koujalgi maintains a Neutral rating on Snowflake, raising the price target from $144 to $210, with a 12% surge expected.
The significant price target increase after strong Q4 revenue growth and CEO transition news indicates potential stock appreciation.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Keith Hughes maintains a Buy rating on Trex Company, boosting the price target from $70 to $120, with a 31% upside expected.
The upgrade in price target following better-than-expected Q4 results indicates a bullish outlook for TREX's stock.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90