With the markets so volatile right now, there is plenty of room for compelling investing opportunities. But how do you know where to jump in? Which stocks are trading at an unfair discount, and which stocks deserve a lower valuation? It can be tricky to differentiate. One option is to turn to the Street’s top analysts. TipRanks tracks and ranks over 4,800 Wall Street analysts, so we can quickly eliminate advice from anyone who under-performs.
And by following analysts who consistently get it right, it’s easy to pinpoint top stock ideas with big upside potential. As you will see below, the analysts quoted here all have five-star ratings for their stock-picking ability. We can also tune into their price targets to get a better idea of just how far the stock can climb.
The best part: it’s not just one analyst who’s bullish. In fact, all three of these stocks have 100% Street support right now. This means that in the last three months, these stocks score an unanimously bullish rating from analysts. So no hold or sell ratings here.
Let’s take a closer look now:
Dropbox
Top 25 RBC Capital analyst Mark Mahaney (Profile & Recommendations) has just upgraded Dropbox (Nasdaq:DBX) from Hold to Buy. His new rating comes with a $36 price target.
Despite strong earnings, shares are currently down 12% on a one-month basis. For Mahaney, this is “likely due to COO resignation news, lack of material Operating Income raise, and very high recent expectations/stock rise.”
However, he isn’t concerned. Far from it. First up: he views the departure of COO Dennis Woodside as an “entrepreneurial itch” transition. Moreover: “We view the lack of material Operating Income raise as conservatism more than anything. And we believe high expectations/multiples are warranted. Hence the upgrade.”
For any remaining skeptics, Mahaney sums up his bullish take on the stock here: “We continue to view Dropbox as addressing a large TAM and view it as one of the clear market leaders. DBX’s freemium model enables highly cost-efficient customer acquisition, very high customer retention levels, and substantial revenue visibility.”
