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3 Top Rated Stocks That Analysts Love This Week!

Amrit - September 27, 2021

top rated stocks featured

These 3 top rated stocks have a 50% upside according to forecasts from leading analysts!

Below, we detail the company, its growth, and future projections. 

Source: wallstrank.com

(Click HERE for our review of Wall St Rank and their stock picking service!)

The top 3 stocks for this week for the week of Sept 27, 2012 are: 

1) Ring Central

Company Profile:

http://www.ringcentral.com

Sector(s): Technology

Industry: Software—Application

Full Time Employees: 3,140

RingCentral, Inc. provides software-as-a-service solutions that enable businesses to communicate, collaborate, and connect in North America.

Its products include RingCentral Office that provides communication and collaboration across various modes, including high-definition voice, video, SMS, messaging and collaboration, conferencing, online meetings, and fax.

 

Market Cap: $ 19.9 B
Beta: 0.63

5-year Average Growth:

Revenue: +42.34%   |   Earnings: +36.64%   |   Stock Price: +829.11%

Historical Quarterly Performance

Q4 2020: Beat   |   Q1 2021: Beat   |   Q2 2021: Beat   |   Q3 2021: Beat

3 top stocks
Analyst Projections

No of Analysts: 23   |   Consensus Analyst Rating: Strong Buy  

Rating Score: 4.2 / 5   |   Avg 1-yr Price Target: $ 408.65 (+83.97% upside) 

1-yr Revenue Forecast: 23.44%   |   1-yr Earnings Forecast: 27.13%

Latest Price Targets (Last 3 months)

Aug 4, 2021:   James Fish (Top 19%)   |   Piper Sandler   |   Maintains   |   BUY   |   $342


Aug 4, 2021:   Taylor McGinnis (Top 36%)   |  UBS | Maintains |   HOLD |   $ 300


Aug 4, 2021:   Matthew Nicknam (Top 37%)   |   Deutsche Bank   |   Maintains   |   STRONG BUY   |   400

Latest Price Target Range (Last 3 months)

Lowest: $ 275 (+23 % upside)   |   Highest $ 500 (+223 % upside)

Latest Ratings Breakdown (Current)

Strong Buy: 88%   |   Hold: 12%


Guidance for Q3 2021

For the third quarter of 2021, RingCentral expects revenues between $390.5 million and $393.5 million, indicating year-over-year growth of 29-30%.

Moreover, software-subscription revenues for the quarter are expected between $363 million and $365 million, indicating year-over-year growth of 30-31%.

Non-GAAP operating margin is expected in the range of 10.2-10.3% for the third quarter. Earnings are expected between 33 cents to 34 cents per share.

For 2021, RingCentral now expects revenues between $1.539 billion to $1.545 billion (up from the previous guidance of $1.500-$1.510 billion), indicating year-over-year growth of 27% to 28%.

Further, software subscription revenues for the year are expected between $1.424 billion and $1.430 billion, implying year-over-year growth of 28% to 29%.

Non-GAAP operating margin is expected between 10% and 10.1% for full-year 2021.

Earnings are expected between $1.28 and $1.30 per share compared with the previous guidance of $1.24-$1.27 per share.

In the past month, investors have witnessed an upward trend in estimates review. The consensus estimate has shifted 11.94% due to these changes.

 

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2) Lending Tree

Company Profile:

http://www.lendingtree.com

Sector(s): Financial Services   |   Industry: Mortgage Finance   |   Full Time Employees: 1,289

LendingTree, Inc., through its subsidiary, LT Intermediate Company, LLC, operates an online consumer lending platform in the United States.

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It operates through three segments: Home, Consumer, and Insurance.

The Home segment offers purchase mortgage, refinance mortgage, reverse mortgage, and home equity loans; lines of credit; and real estate brokerage services.

The Consumer segment provides credit cards; personal, small business, student, and auto loans; deposit accounts; and other credit products, such as credit repair and debt settlement services.

The Insurance segment includes information, tools, and access to insurance quote products, including home and automobile, through which consumers are matched with insurance lead aggregators to obtain insurance offers.

Market Cap: $ 62.32 B   |   Beta: 2.50

5-year Historical Growth:

Revenue: +27.35%   |   Earnings: -34.46%   |   Stock Price: +59.43%

Historical Quarterly Performance

Q3 2020: Missed   |   Q4 2021: Beat   |   Q1 2021: Beat   |   Q2 2021: Beat

Forecast: 

3 top stocks

 

Latest Price Targets (Last 3 months)

Sept 23, 2021:   John Campbell (Top 5% )   |   Stephens & Co   |   MaintainS   |   STRONG BUY   |   $ 265  (+71.52% upside)

Jul 19, 2021:   Jed Kelly (Top 32%)   |   Oppenheimer   |   Maintains   |   BUY   |   $ 275 (+77.99% upside)

Latest Price Target Range (Last 12 months)

Lowest: $ 250 (+ 62 % upside)   |   Highest $ 320 (+  107% upside)

Latest Ratings Breakdown (Current)

Strong Buy: 100%

Guidance for Q3 2021

Total revenues grew 47% year over year to $270 million in the second quarter.

The upside primarily stemmed from higher consumer revenues.

The reported figure, however, missed the Zacks Consensus Estimate of $271 million.

Total costs and expenses were $259.5 million, up 35% from the prior-year quarter.

The upswing chiefly resulted from a rise in selling and marketing expenses, general and administrative expenses, cost of product development, and depreciation costs.

Adjusted EBITDA totaled $38.2 million, up 24% year over year. Variable marketing margin came in at $ 98.4 million, up 19% year over year.

Concurrent with the June-end quarter results, management issued third-quarter 2021 estimates.

Total revenues are estimated to be $285-$298 million. Adjusted EBITDA and variable marketing margin are anticipated to be $27-$31 million and $86-$92 million, respectively.

LendingTree put up a decent show in the second quarter in terms of earnings.

Its declining dependence on mortgage-related sources of revenues and various acquisitions over the past several years is likely to continue aiding financials and help diversify revenues.

However, unsustainable capital-deployment activities and a rise in expenses are near-term headwinds.

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3) Micron Technology

Company Profile:

http://www.micron.com

Sector(s): Technology   |   Industry: Semiconductors   |   Full Time Employees: 40,000

Micron Technology, Inc. designs, manufactures, and sells memory and storage products worldwide.

The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded Business Unit.

It offers memory and storage technologies, including DRAM, NAND, NOR, and 3D XPoint memory under the Micron and Crucial brands, as well as through private labels.

The company provides memory products for the cloud server, enterprise, client, graphics, and networking markets, as well as for smartphone and other mobile-device markets; SSDs and component-level solutions for the enterprise and cloud, client, and consumer storage markets; other discrete storage products in component and wafer forms for the removable storage markets, as well as 3D XPoint memory products; and memory and storage products for the automotive, industrial, and consumer markets.

Market Cap: $ 83.36 B   |   Beta: 1.26

5-year Historical Growth:

Revenue: +14.58%    |    Earnings: -214.71%   |   Stock Price: +316.48%

Historical Quarterly Performance

Q3 2020: Beat   |   Q4 2021: Beat   |   Q1 2021: Beat   |    Q2 2021: Beat

Forecast: 

3 top stocks

 

Latest Price Targets (Last 3 months)

Sept 24, 2021: Vijay Rakesh (Top 2%)   |   Mizuho   |   Maintains   |   STRONG BUY   |   $ 97 (+30.99% upside)

Sept 24, 2021:: Harlan Sur (Top 50%)   |   JP Morgan   |   Maintains   |   STRONG BUY   |   $ 100 (+35.04% upside)

Sept 24, 2021: John Vinh (Top 7%)   |   KeyBanc   |   Maintains   |   STRONG BUY |   $ 110 (+48.55% upside)

Aug 30, 2021: Sydney Ho  (Top 7%)   |   Deutsche Ban

Latest Price Target Range (Last 12 months)

Lowest: $ 75 ( +1 % upside)   |   Highest $ 172 (+ 232 % upside)

Latest Ratings Breakdown (Current)

STRONG BUY: 85%   |   BUY: 3%   |   HOLD: 12%

Guidance for Q3 2021

The global spread of coronavirus and the resulting lockdowns have led to a rise in online activity as more and more people have started working from home.

With streaming services seeing a surge in demand and people relying more and more on cloud storage, demand for physical storage devices has taken a hit.

However, enterprise memory demand is rising, and this has led to a rise in overall memory device demand.

This is evident from Micron’s Q3 2021 results, where revenues came in at $7.4 billion, a more than 35% jump from $5.4 billion in Q3 2020. COGS and other operating expenses rose at a much slower rate, and this helped drive operating margins from 16.3% to 24.2%, a strong 1.5x jump.

This helped drive a more than 2x rise in net income from $803 million to $1.74 billion over this period.

Further, for the first 9 months of FY 2021, revenue stands at $19.4 billion, up from $15.4 billion for the same period in FY ’20.

Operating income has seen a significant jump from $1.85 billion to $3.3 billion over this period, which is a strong indicator of the rise in demand and selling prices.

Further, with the lockdowns being lifted and vaccines being administered globally, we believe the company will continue seeing strong revenue growth in the medium term, and if Micron Technology continues to successfully control expenses, profitability could rise further in the near to medium term.

This will raise investor expectations, driving up the company’s P/E multiple.

We believe that Micron stock can rise around 20% from current levels, to regain its recent highs of around $96.