5 Hot Stocks From Wall Street’s Top 25 Analysts

Davis himself only recently upgraded MULE to buy. On October 23 he turned bullish on MULE, ramping up his price target from $24 to $29. MULE is “strategically positioned for long-term growth” says Davis, adding: “we believe the odds favor that the firm will post the financial equivalent of catnip for human and algorithm traders – a series of beats and raises.”

Following conversations with VCs, private companies and IT buyers, Davis concludes that the “likely competitive moat that MuleSoft can and will create is better than investors realize.” He sums up the position thus: “is MuleSoft a ridiculously cheap stock? Certainly not. Does the company have what we believe is best in class software in a space that is very likely to see significant long-term demand? Yes.”

Alphabet Inc (NASDAQ:GOOGL)

Shares in GOOGL have exploded in the last couple of days from just $991 to $1033. Prices are rising following the release of better-than-expected results for the third quarter which show a record number of ad clicks. Revenue came in at $27.77 billion, easily beating the consensus estimate of $27.2 billion. Meanwhile EPS of $9.57 eclipsed the estimated EPS of $8.33.

Robert W. Baird’s Colin Sebastian is one of a slew of top analysts publishing buy ratings on GOOGL in the last few days. His buy rating comes with a $1,150 price target- which suggests this hot stock has big upside potential from the current share price of over 11%. “The strong keep getting stronger,” says Sebastian. “The bigger drivers of their operations — secular growth trends in e-commerce and digital advertising — are still very strong.”

However, he adds that: “TAC [traffic acquisition cost] growth continues to outpace accelerating Google sites growth, due in part to recent changes in partner agreements (presumably Apple).” Google pays Apple a rumored $3 billion to be the default search engine on its devices.

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