Under The Radar: 3 “Strong Buy” Stocks To Know Now

Which three under-the-radar stocks have both a Strong Buy analyst consensus rating and big upside potential? We looked for three top stocks (outside of the usual big-name tech stocks) which make compelling investing opportunities.

Even better, analysts are ranked according to their success rate and average return so you can see what only the best analysts are recommending right now in terms of 1) the overall consensus rating and 2) the upside potential of the average 12-month price target from the current share price .

Bearing this in mind, let’s see what the Street has to say about the following three stocks:

1. Trade Desk Inc (TTD)

Ad-tech company Trade Desk Inc. has seen its share price explode since going public in September 2016. The stock is now trading at $54.45, up from just $30 at launch. And, following a very strong beat-and-raise quarter, top analysts believe TTD will continue to outperform peers.

Boosted by a new Shanghai office, TTD reported revenue of $72.8 million- easily beating Street estimates of $68 million. Mobile growth is up over 87% year-over-year while customer retention has maintained its incredibly high levels of 95%. TTD also ramped up its guidance for full year 2017 to $303 million up from $291 million.

Five-star RBC Capital analyst Mark Mahaney is confident that TTD’s “self-serve platform approach and its focus primarily on large agencies, allows the business to be highly scalable”. On August 10, he reiterated his buy rating and raised his price target from $56 to $65. The new price target translates into over 19% upside potential from the current share price.

 

He says: TTD continues to execute against its market opportunity. The business model benefits from two key characteristics: 1) the generation of consistently robust revenue growth for several years and 2) consistent profitability on a GAAP basis… We believe the company is in a fundamentally strong position with an experienced management team to lead them, and the Q2 results reinforce that view.”

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Disclaimer: TipRanks is an independent cloud based service that measures and ranks digitally published financial advice. TipRanks' natural language processing (NLP) algorithms aggregate and ...

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