RBC Capital: 6 ‘Top Stock Picks’ To Go Long

Mahaney believes fundamentals can inflect upward in 2H18 with accelerating revenue growth and expanding gross margins.

He sees shares spiking 15% to $215. See SA Price Target and Analyst Ratings Detail.

3. Alphabet (Nasdaq:GOOGL)

A pricey stock but for good reason. GOOGL has averaged 23% growth for 34 straight quarters & shows no signs of slowing, despite a $130B revenue run-rate, says Mahaney.

Plus: “We also believe the company’s investments in Cloud, IoT, and Autonomous Vehicles potentially set the company up for more years of premium growth & profits.” Most notably, the commercialization of Google’s self-driving unit Waymo in Phoenix by year end could cause a multiple re-rating of shares as investors start to appreciate the unit’s money-making potential.

With a bullish $1,400 price target, Mahaney is looking for 15% upside potential. See GOOGL Price Target and Analyst Ratings Detail.

Top Small Cap Longs

1. Pandora Media (NYSE:P)

“A clear momentum play in Small Cap” writes Mahaney on this powerful music discovery platform. “Fundamentals are inflecting up with revenue growth acceleration in the back half of ’18.”

Notably, the company is already benefitting from the roll out of Pandora Premium Access to appeal to Ad-Supported Streamers and the introduction of a Family Plan. However Mahaney is confident that many catalysts remain. Think partnerships with major players like AT&T, T-Mobile, Snap and the roll out of a savvy Student Plan.

His $10 price target suggests 24% upside potential lies ahead. See P Price Target and Analyst Ratings Detail.

2. LendingTree Inc (Nasdaq:TREE)

Online exchange LendingTree connects consumers with multiple lenders, banks, and credit partners who compete for business.

“We view TREE as a leading Online Consumer Finance Marketplace with a large/underpenetrated TAM [total addressable market], very strong secular tailwinds & a very consistent financial track record.” He is anticipating continued premium-growth for the Non Mortgage and calls the diversification a ‘clear positive.’

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