All articles tagged with #buy ratings
Analysts are highly bullish on several S&P 500 stocks, with Walmart and Microsoft receiving 97% buy ratings, and Nvidia ranked tenth among recommended stocks, reflecting widespread optimism in the market.
Jefferies analysts have initiated coverage on alternative energy stocks, giving buy ratings to First Solar, Enphase Energy, and SunRun. They believe that companies with exposure to utility-scale projects and strong balance sheets offer better risk/reward in times of uncertainty. The analysts rated SunPower and Array Technologies as hold. Catalysts for the sector include clarity on Inflation Reduction Act provisions and stabilization of interest rates. Solar power stocks have underperformed due to factors like higher interest rates and regulatory changes. First Solar is highlighted as a top pick due to its strong backlog, supportive pricing, and improving gross margins.
BTIG analyst Lance Jessurun initiated coverage of several fintech firms, including PayPal, SoFi Technologies, and Upstart Holdings, with Buy ratings, citing a preference for names tied to recurring IT spend. SoFi and Jack Henry & Associates are most favored, with SoFi well-positioned to succeed against a gloomy consumer financial spending outlook. Affirm is the only stock that nabbed a Sell rating due to its exposure to discretionary spending and expense growth outpacing revenues.