7 ‘Strong Buy’ Stocks To Snap Up This December

Top Wall Street firm Oppenheimer is out with a list of its Top 32 best equity ideas for December. Each of the firm’s analysts was asked to contribute one stock idea that they think could outperform over the next 12 months. This is based on both fundamentals and current market conditions.

From this list of 32 stock picks, I selected 7 stocks with a Strong Buy consensus from the Street. 

Are you ready? Let’s dive in now:

1. Salesforce (CRM– Research Report)

Salesforce calls itself the world’s No. 1 customer relationship management platform. Right now, the stock is buzzing following the release of strong earnings results that beat expectations.

Business remained very solid in the third quarter, with total revenue of $3.39 billion up 26 percent year-over-year. And while guidance for the fourth quarter came in mixed, Salesforce gave very encouraging guidance for both 2019 and 2020.

“We consider CRM one of the healthiest long-term growth stories in our SaaS/applications software universe” claims five-star Oppenheimer analyst Brian Schwartz (Track Record & Ratings). His bullish $180 price target sees shares surging 28% from current levels.

He predicts ongoing upward revisions beyond the current consensus as “CRM is a proven market share taker that possesses disruptive products and a powerful corporate culture, and is led by a visionary CEO.”

And we can see here that the Street clearly shares Schwartz’s upbeat take on this software stock:

(Click on image to enlarge)

View CRM Price Target & Analyst Ratings Detail

2. XPO Logistics (XPO– Research Report)

XPO Logistics is a top ten global logistics company. Its services span everything from shipping to freight brokerage to trucks and tractors.

The stock is also the top pick of Oppenheimer’s Scott Schneeberger (Track Record & Ratings). With a buy rating and a $114 price target, he is predicting juicy upside potential of 50%. This is down to XPO’s solid organic revenue growth and strong operational execution.

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