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These 3 Stocks Have Positive Predictions from Top Wall Street Analysts

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The debate around when the Federal Reserve will start to lower interest rates continues to influence market sentiment. Investors are analyzing macroeconomic data, including jobs market reports, to understand the current state of the U.S. economy. While the focus remains on interest rates, Wall Street analysts are also looking at individual stocks that can withstand short-term pressures and deliver long-term returns. According to TipRanks, a platform that ranks analysts based on past performance, here are three stocks favored by top professionals.

The first stock pick is Burlington Stores (BURL), an off-price retailer that impressed investors with upbeat results for the first quarter of fiscal 2024. Jefferies analyst Corey Tarlowe reaffirmed a buy rating on BURL and increased the price target to $275 from $260. The analyst is confident about the retailer’s ability to deliver robust comparable sales growth. Tarlowe expects BURL to benefit from customers’ shift to off-price retailers from department stores, which were negatively impacted by the Covid pandemic.

Another top pick is Amazon (AMZN), an e-commerce and cloud computing company that delivered solid first-quarter earnings despite challenges in the macroeconomic environment. Tigress Financial analyst Ivan Feinseth reiterated a buy rating on AMZN and raised the price target to $245 from $210. He cited generative artificial intelligence-related tailwinds, leadership in multiple industries, and strong brand equity as key drivers of Amazon’s growth. Feinseth expects Amazon Web Services (AWS) to continue seeing a rise in large language models built on its platform.

The third stock favored by Wall Street analysts is PagerDuty (PD), a digital operations management platform. Despite reporting mixed results in the first quarter of fiscal 2025, the company highlighted profitability on a non-GAAP basis for the seventh consecutive quarter. RBC Capital analyst Matthew Hedberg reiterated a buy rating on PagerDuty with a price target of $27, noting steady growth in annual recurring revenue (ARR) and billings. Hedberg is optimistic about the company’s potential for acceleration in the second half of fiscal 2025, driven by multi-year deals and opportunities in the federal business.

Overall, these three stocks have attracted the attention of top analysts for their growth potential and ability to deliver long-term returns. Investors should consider the implications of the Federal Reserve’s interest rate decisions on these stocks, along with broader market trends, when making investment decisions. The analysis provided by these top professionals can offer valuable insights into the potential performance of these stocks in the current economic environment.

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