Analysts are intrested in these 5 stocks: ( (SYM) ), ( (GLW) ), ( (OKLO) ), ( (TEAM) ) and ( (NOW) ). Here is a breakdown of their recent ratings and the rationale behind them.
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Symbotic’s stock has recently been downgraded to ‘Sell’ by analyst Damian Karas, who cites a lofty valuation that requires faster growth to justify its current price. Despite a significant rise in stock value since April, Karas expresses skepticism about Symbotic’s ability to maintain the necessary sales growth, particularly outside its primary customer, Walmart. The introduction of new storage technology is noted, but it is not seen as a significant driver for near-term sales. The analyst has lowered EBITDA estimates and highlights potential risks, including competition in warehouse automation and Amazon’s expansion in online grocery.
Corning has been upgraded to ‘Buy’ by analyst Joshua Spector, who believes the market is underestimating the sales potential in optical fiber due to AI deployment demands. Spector anticipates a strong EPS growth through the decade, driven by increasing fiber content and co-packaged optics. Despite some pushback on near-term estimates, the analyst is optimistic about Corning’s opportunities in solar sales and its ability to achieve higher margins. The upgrade is supported by a revised valuation framework that considers longer-term growth prospects.
Oklo Inc. has been downgraded to ‘Hold’ by analyst Jeff Campbell, following the groundbreaking of its first reactor installation in Idaho. While the company shows positive business development, the current stock valuation prompts a more cautious stance. The report suggests stepping to the sidelines until further developments justify a more bullish outlook.
Atlassian has initiated coverage with a ‘Hold’ rating by analyst Koji Ikeda, who acknowledges the company’s strong position in the collaboration and project management market. While Atlassian’s long-term growth potential is promising, recent updates, including the retirement of its Data Center offering and significant acquisitions, introduce uncertainties. The strategy to offer its AI product, Rovo, for free is seen as a long-term growth driver, but its monetization timeline remains unclear.
ServiceNow has been upgraded to ‘Buy’ by analyst Keith Weiss, who highlights the company’s durable business fundamentals and potential for growth through GenAI functionalities. Despite a volatile market backdrop, ServiceNow’s consistent execution and expansion into AI-related products position it well for future revenue growth. The analyst believes investors are overlooking the company’s strengths and sees an attractive risk-reward scenario, with a price target reflecting a premium relative to peers.