Top Picks from Wall Street’s Top Analysts

One of the top picks from Wall Street’s top analysts is the streaming giant, Netflix. Even though the company disappointed investors by deciding to stop reporting quarterly subscriber numbers, analysts are still bullish on their long-term prospects. BMO Capital analyst Brian Pitz reaffirmed a buy rating on NFLX stock after the company reported better-than-expected first-quarter results. Pitz highlighted Netflix’s addition of 9.3 million subscribers, showing strong growth potential in the U.S. and Canada. He believes that Netflix’s content investments position them well for ongoing growth as linear TV viewership declines. Despite growth investments, Pitz expects an improvement in operating margin and points out the potential benefits from the shift in TV ad dollars to online platforms. Pitz ranks at No. 155 among more than 8,700 analysts tracked by TipRanks, with a profitable track record of 75%.

General Motors (GM)

Another top pick is automaker General Motors, which announced impressive first-quarter results and raised its full-year guidance. Goldman Sachs analyst Mark Delaney reaffirmed a buy rating on the stock and increased the price target to reflect the improved margin expectations. Delaney believes that GM’s margins will remain resilient due to cost efficiencies and firm pricing, as well as progress in electric vehicle profitability. General Motors expects positive variable profit from their EV business in the second half of the year and plans to generate mid-single-digit margins by 2025. Delaney also sees GM’s capital allocation as a positive factor and expects higher levels of capital return to shareholders beyond 2024. Delaney holds the 256th position among more than 8,700 analysts tracked by TipRanks, with a successful rating track record of 61%.

Wingstop (WING)

The last top pick is the restaurant chain, Wingstop, which operates and franchises in over 2,200 locations worldwide. Baird analyst David Tarantino sees significant growth potential for Wingstop, especially in the U.S. market. His analysis indicates that there is room for at least 5,000 U.S. locations, higher than the company’s long-term target. Tarantino also highlights the potential for further growth in international markets, supporting double-digit unit growth for years to come. He reiterates a buy rating on WING stock with a price target of $390, citing the company’s strong unit-level cash-on-cash returns and attractive growth profile. Tarantino ranks at No. 264 among more than 8,700 analysts tracked by TipRanks, with a successful rating track record of 65%.

Wall Street’s top analysts have their eyes on companies’ long-term prospects, focusing on growth potential and resilience. These three top picks, Netflix, General Motors, and Wingstop, have garnered the attention of the Street’s best analysts for their promising outlooks. Investors can consider these stocks for potential gains in the future based on the analysis and recommendations of these top professionals.