Analysts are intrested in these 5 stocks: ( (CDNS) ), ( (AAPL) ), ( (EW) ), ( (MDLZ) ) and ( (AWK) ). Here is a breakdown of their recent ratings and the rationale behind them.
Cadence Design Systems is catching the attention of investors as analyst Harlan Sur from J.P. Morgan upgrades the stock to ‘Buy’, citing its strong defensive growth profile and solid fundamentals. Despite underperforming in 2024, the stock’s recent pullback presents an attractive entry point with a potential 20% upside. The company’s focus on leading-edge chip design and its resilience during economic uncertainties make it a promising choice for those looking for stability and growth. With a price target set at $325, Cadence is well-positioned to capture more market share in the digital design space.
Apple’s stock has been upgraded to ‘Hold’ by analyst Jim Hin Kwong Au, following record-breaking iPhone sales and the launch of the iPhone 16e. The introduction of AI features in its premium models is expected to boost the company’s market share and earnings growth. However, challenges in the Chinese market and potential delays in the Apple Intelligence launch could impact future performance. Despite these hurdles, Apple’s strong user loyalty and innovative product line continue to support its long-term growth prospects, with a target price of $210.
Edwards Lifesciences has been upgraded to ‘Buy’ by analyst Adam Maeder, driven by positive developments in its TAVR and TMTT segments. The company’s strong performance in Q1 and promising growth trajectory in the structural heart disease market make it an attractive investment. With a price target of $80, Edwards is poised for double-digit growth by 2026, despite potential challenges in the U.S. TAVR market and pricing pressures. The company’s strategic positioning and robust pipeline are key factors in its positive outlook.
Mondelez International faces a downgrade to ‘Hold’ by analyst Brian Holland due to valuation concerns and soft snacking demand in the U.S. While the company’s strong presence in emerging markets offers long-term growth potential, near-term challenges such as cocoa price volatility and geopolitical risks cloud the outlook. The stock’s recent rally and balanced risk-reward profile lead to a cautious stance, with a price target of $68.
American Water has been downgraded to ‘Hold’ by analyst Gregg Orrill, citing a lack of catalysts and potential delays in PFAS rule implementation. Despite outperforming the utilities sector and having a solid EPS growth forecast, the stock’s balanced risk-reward profile and absence of major rate cases until late 2025 temper enthusiasm. With a price target raised to $160, the company’s strategic acquisitions and regulatory environment remain positive factors, but investors are advised to proceed with caution.