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NuScale, Hims & Hers, Snowflake, Advance Auto Parts, Exelixis: Trending by Analysts

NuScale, Hims & Hers, Snowflake, Advance Auto Parts, Exelixis: Trending by Analysts

Analysts are intrested in these 5 stocks: ( (SMR) ), ( (HIMS) ), ( (SNOW) ), ( (AAP) ) and ( (EXEL) ). Here is a breakdown of their recent ratings and the rationale behind them.

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NuScale Power is drawing attention from analysts with its unique position in the nuclear energy sector. Analyst Vikram Bagri has initiated coverage with a Neutral/High Risk rating, citing the company’s first-mover advantage in modular reactor technology. Despite the promising outlook, significant execution risks exist, and the stock’s current pricing reflects ambitious installation goals. Meanwhile, Gregory Lewis has downgraded NuScale to Hold, noting the need for a firmer order book. While the long-term potential remains intact, the recent stock surge and pending order confirmations warrant a cautious stance.

Hims & Hers Health faces challenges as analyst Ryan Macdonald downgrades the stock to Hold following Novo Nordisk’s termination of their partnership. The loss of this partnership, due to allegations of deceptive practices, places HIMS at a competitive disadvantage. The company’s future now hinges on its ability to navigate potential legal and regulatory hurdles while maintaining its weight loss revenue stream.

Snowflake is gaining momentum under new leadership, with analyst Sanjit Singh initiating coverage at Buy. The company’s focus on AI and data engineering positions it well for sustained growth. With a strategic emphasis on innovation and execution, Snowflake is poised to capitalize on a significant market opportunity, driving confidence in its long-term prospects.

Advance Auto Parts is facing headwinds, as analyst Kate Mcshane downgrades the stock to Sell. Concerns over margin recovery and market share loss to competitors like ORLY and AZO are driving a more cautious outlook. The company’s current valuation appears stretched, and without clear signs of improvement, AAP is expected to underperform its peers.

Exelixis receives a boost as analyst Sudan Loganathan upgrades the stock to Buy, highlighting the company’s strong position in cancer care. With increased confidence in its CABOMETYX franchise and potential new drug approvals, Exelixis is well-positioned for growth. The lifting of litigation overhangs further strengthens the outlook, making it a top pick among analysts.

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