One of the top recommended stocks by Wall Street analysts is Monday.com (MNDY). This workplace management software maker has recently impressed investors with its upbeat first-quarter results. The strong demand for its products across all end markets has driven this positive sentiment. Goldman Sachs analyst Kash Rangan reiterated a buy rating on Monday.com stock post the quarterly report and increased the price target to $300 from $270. Rangan believes that Monday.com is undervalued despite the post-earnings rally. He highlighted the company’s strong pricing power within the small- and medium-sized business space, reflecting its high-value proposition. Rangan expressed confidence in Monday.com’s unified platform supporting a durable margin profile and boosting long-term revenue growth. With a rank of 388 among more than 8,800 analysts tracked by TipRanks, Rangan’s success rate stands at 60%, with an average return of 10.7%.
Walmart (WMT)
Another stock recommended by Wall Street analysts is big-box retailer Walmart (WMT). The company recently delivered better-than-anticipated revenue and earnings for the first quarter of fiscal 2025. The robust e-commerce sales growth, supported by store-fulfilled pickup and delivery, contributed to this success. Baird analyst Peter Benedict reaffirmed a buy rating on Walmart stock and increased the price target to $70 from $65 post the company’s results. Benedict highlighted Walmart’s focus on value and convenience attracting all customer cohorts. The majority of market share gains were supported by higher-income households, and alternative revenue streams are expected to reshape the company’s P&L. These alternative revenue streams, including advertising, marketplace, fulfillment services, data monetization, and Walmart+, carry higher margins and complement its core retail business. With a rank of 68 among more than 8,800 analysts tracked by TipRanks, Benedict’s success rate stands at 69%, with an average return of 15.1%.
CyberArk (CYBR)
Lastly, the cybersecurity company CyberArk (CYBR) is among the top recommendations by Wall Street analysts. The recent announcement of an agreement to acquire machine identity management provider Venafi for $1.54 billion has fueled positive sentiment around CyberArk. The company anticipates the acquisition to expand its total addressable market by about $10 billion to nearly $60 billion. TD Cowen analyst Shaul Eyal reiterated a buy rating on CyberArk stock with a price target of $300 post the deal’s announcement. Eyal expressed confidence in the company’s management team to effectively integrate the acquisition and leverage revenue synergy opportunities through cross-sell, up-sell, and geographic expansion. The deal is expected to be immediately accretive to CyberArk’s gross, operating, and cash flow margins. Eyal highlighted that CyberArk is well-positioned to capitalize on its extensive global go-to-market network to distribute Venafi’s solutions. With a rank of 15 among more than 8,800 analysts tracked by TipRanks, Eyal’s success rate stands at 68%, with an average return of 26.7%.
Considering these top stock recommendations by Wall Street analysts, investors can make informed decisions to enhance their portfolio returns. Monday.com, Walmart, and CyberArk have shown promising growth prospects and are worth considering for long-term investment strategies.