Analysts are intrested in these 5 stocks: ( (IOT) ), ( (ABNB) ), ( (CME) ), ( (SHW) ) and ( (KEY) ). Here is a breakdown of their recent ratings and the rationale behind them.
Samsara, Inc. is catching the eye of analysts with its recent upgrades. James Fish from Piper Sandler & Co. has upgraded Samsara to ‘Buy’, highlighting its strong growth potential and market share gains in fleet management and telematics. Fish sees a bright future with a price target of $50, driven by Samsara’s strategic moves and cross-sell opportunities. Similarly, Daniel Jester from BMO Capital Markets has also upgraded Samsara to ‘Outperform’, citing the recent stock pullback as a tactical entry point. Jester emphasizes the company’s robust data assets and AI potential, setting a price target of $48.
Airbnb is also making waves, with analyst John Colantuoni from Jefferies LLC upgrading the stock to ‘Buy’. Colantuoni points to Airbnb’s potential in the experiences market and the company’s ability to capture lodging share as key growth drivers. The analyst sets a price target of $185, underscoring the untapped value in Airbnb’s experiences and take rate expansion. The company’s strong bookings growth and strategic market investments are seen as catalysts for continued success.
CME Group is thriving amidst global volatility, according to analyst Patrick O’Shaughnessy from Raymond James. Upgraded to ‘Outperform’, CME is benefiting from strong trading volumes, particularly in rate and energy futures. O’Shaughnessy highlights CME’s resilience and strategic positioning in a volatile macroeconomic environment, setting a price target of $287. The analyst sees potential for further growth, driven by CME’s robust suite of risk management tools.
Sherwin-Williams, however, faces a more cautious outlook. Analyst Laurence Alexander from Jefferies LLC has downgraded the stock to ‘Hold’, citing a deteriorating risk/reward scenario. The analyst points to challenges in the housing market and potential policy shifts as factors that could impact Sherwin-Williams’ growth. With a revised price target of $380, Alexander suggests that the company’s valuation premium is at risk, especially compared to its peers.
KeyCorp is being viewed as a value opportunity by analyst Keith Horowitz from Citi Research. Upgraded to ‘Buy’, Horowitz sees KeyCorp as a safe haven amidst credit concerns, thanks to its strong capital position and limited exposure to consumer and commercial real estate. The analyst is optimistic about KeyCorp’s earnings potential, projecting EPS growth through 2027. With plans for a potential buyback authorization, KeyCorp is positioned as an attractive investment with a promising outlook.