When considering potential investments in today’s market, it is important to analyze the recommendations of top analysts in order to gain valuable insights. According to TipRanks, Delta Air Lines (DAL) is one of the top picks among the Street’s leading professionals. Analyst Helane Becker from TD Cowen recently reiterated a buy rating on DAL with a price target of $55. Becker highlighted Delta’s strategic plan, which has been in focus for the past 15 years and is delivering positive results. Delta’s extensive network and strategic partnerships set it apart from its competitors, along with its stable management team. The company’s focus on reducing debt and continuing to strengthen its financial position is also noteworthy. Becker’s track record ranks her at No. 276 among over 8,800 analysts tracked by TipRanks, with a successful rating rate of 63% and an average return of 11.2%.
Microsoft (MSFT)
Another top stock favored by analysts is software giant Microsoft (MSFT). With the ongoing integration of generative AI functionality throughout its software stack and product portfolio, Microsoft is considered a key player in the AI revolution. Analyst Ivan Feinseth from Tigress Financial raised his price target on MSFT to $550 and reiterated a buy rating. The company’s revenue growth in the fiscal third quarter was largely driven by the adoption of its AI-enabled offerings and cloud services. Feinseth also highlighted Microsoft’s expansion into the gaming sector, particularly with the recent acquisition of Activision Blizzard. Microsoft’s strong financial position supports its AI ambitions and enables enhanced shareholder returns. With a ranking of No. 242 among over 8,800 analysts tracked by TipRanks, Feinseth has a successful rating rate of 60% and an average return of 12.2%.
Zscaler (ZS)
Zscaler (ZS) is a leading cloud-based cybersecurity company that has caught the attention of analysts following its Zenith Live 2024 event. Analyst Shrenik Kothari from Baird reaffirmed a buy rating on Zscaler stock with a price target of $260. The company’s Zscaler Zero Trust Exchange platform offers advanced cybersecurity solutions to protect users, devices, and applications from cyber threats and data loss. Kothari highlighted Zscaler’s new features, such as Zscaler Identity Protection, Cloud Browser Isolation, and DLP 2.0, which have expanded the company’s total addressable market. With a shift towards account-centric selling, Zscaler aims to add more customers with a higher ARR. Kothari’s ranking at No. 381 among over 8,800 analysts tracked by TipRanks, along with a successful rating rate of 66% and an average return of 20.6%, adds credibility to his buy recommendation on Zscaler.
When considering investments in today’s market, it is crucial to pay attention to the recommendations of top analysts. Stocks like Delta Air Lines, Microsoft, and Zscaler have garnered positive attention from analysts due to their strong fundamentals and long-term growth prospects. By leveraging the insights provided by these analysts, investors can make informed decisions when selecting potential investments.