Stocks to Watch: Nvidia, Abercrombie & Fitch, Walmart
When it comes to long-term growth potential, Wall Street analysts have a keen eye for stocks that stand out from the rest. Here are three stocks that top analysts are keeping a close watch on.
Nvidia
First up is chip giant Nvidia, which recently caught the attention of investors with its impressive quarterly results and better-than-expected revenue guidance. The demand for Nvidia’s products, driven by the artificial intelligence frenzy, has been a major driver of its success. Goldman Sachs analyst Toshiya Hari, ranked No. 61 among over 8,700 analysts tracked by TipRanks, has reiterated a buy rating on NVDA stock and raised the price target. Hari believes that Nvidia stands to benefit from strong generative AI infrastructure spending and upcoming product launches.
Abercrombie & Fitch
Next on the list is Abercrombie & Fitch, a company that has raised its forecast for both fiscal fourth-quarter and full-year net sales. The company has also increased its operating margin guidance, a move that has caught the attention of analysts. Jefferies analyst Corey Tarlowe, ranked No. 473 among over 8,700 analysts tracked by TipRanks, has raised his price target on ANF stock and reaffirmed a buy rating. Tarlowe points to the company’s market share gains both domestically and worldwide as a key factor in its continued success.
Walmart
Lastly, we have Walmart, the big-box retailer that exceeded expectations with its fourth-quarter results. The company’s strong holiday season sales and successful e-commerce channel played a major role in its success. Goldman Sachs analyst Kate McShane, ranked 884th among over 8,700 analysts tracked by TipRanks, has reaffirmed a buy rating on WMT stock and raised the price target. McShane highlights Walmart’s growth drivers, including its international business, market share gains, and the expansion of alternative revenue streams.
With their solid growth potential and favorable reviews from top analysts, these three stocks continue to attract attention from investors. As the market evolves, keeping an eye on these companies could prove to be a smart move for those looking for long-term investment opportunities.
Analyst comment
Positive news. The market is expected to react favorably to the news as top analysts have provided positive reviews for all three stocks. Investors may see this as an opportunity for long-term investment and could potentially drive up the stock prices.
