Top analysts are bullish on these five stocks in uncertain times

Investors person nary shortage of worries, beryllium it the system slipping into a recession owed to higher involvement rates oregon the havoc that whiplashed fiscal stocks past week.

Nevertheless, determination are buying opportunities for those who cognize wherever to look.

Here are 5 stocks to upwind the storm, according to Wall Street's apical professionals connected TipRanks, a level that ranks analysts based connected their past performance.

Cloud companies are experiencing a marked slowdown successful their maturation rates arsenic macro challenges impact endeavor spending. Despite the ongoing pressures, cloud-based information warehouse institution Snowflake (SNOW) delivered upbeat quarterly results.

Snowflake expects its merchandise gross to turn by 40% successful fiscal 2024, marking a deceleration from the 70% emergence recorded successful fiscal 2023 (ended Jan. 31, 2023). Nonetheless, Snowflake continues to beryllium optimistic astir its maturation successful the years up and expects to execute its merchandise gross people of $10 cardinal successful fiscal 2029.

Deutsche Bank expert Brad Zelnick agrees that Snowflake is "not immune from unreality maturation moderation." (See Snowflake Blogger Opinions & Sentiment connected TipRanks)

That said, Zelnick reiterated a bargain standing connected Snowflake with a terms people of $170, saying, "We inactive firmly judge the semipermanent outlook remains intact for Snowflake, with its unsocial multi-cloud architecture, affluent level features, information sharing capabilities and autochthonal app improvement tools positioning it to seizure the monolithic Data Cloud opportunity."

Zelnick ranks 85^th retired of much than 8,000 analysts followed connected TipRanks. His ratings person been profitable 69% of the time, generating a 14.9% mean return.

Let's determination to different unreality company, Salesforce (CRM), which precocious reported coagulated results for the 4th fourth of fiscal 2023 (ended Jan. 31, 2023). The institution expects fiscal 2024 gross to turn by astir 10%. While that fig indicated a slowdown compared to the 18% maturation seen successful fiscal 2023, it did travel successful up of analysts' estimates.

Moreover, Wall Street experts welcomed the company's profitability projections. Salesforce has been nether unit from several activistic investors, including Elliott Management and Starboard Value, to amended its profitability. (See Salesforce Insider Trading Activity on TipRanks)

Mizuho expert Gregg Moskowitz, who holds the 264^th presumption among much than 8,000 analysts connected TipRanks, said that helium is "encouraged by the caller activism successful CRM implicit caller months." The expert besides highlighted the company's restructuring efforts and its fiscal 2024 operating borderline outlook of 27%, which helium observed was "even good supra the astir bullish expectations."

"Notwithstanding macro challenges, we reiterate that CRM remains good situated to assistance its immense lawsuit basal negociate gross and process optimization via integer transformation," said Moskowitz.    

Moskowitz reaffirmed a bargain standing and raised his terms people for CRM banal to $225 from $200. Per TipRanks, 55% of Moskowitz's ratings person generated profits, with each standing bringing successful a instrumentality of 13.1%, connected average.

Next connected our database is diversion goods retailer Hibbett (HIBB), which sells footwear, apparel and instrumentality from apical brands similar Nike and Adidas. The company's fiscal 2023 fourth-quarter results missed expectations owed to macro pressures, higher costs, proviso concatenation issues and accrued promotional activity.

Hibbett expects mid-single-digit income maturation successful fiscal 2024, driven by its assortment of high-demand footwear. Also, the institution is conducting a "systematic review" of its operating disbursal operation to amended profitability. (See Hibbett Stock Chart connected TipRanks)

Williams Trading expert Sam Poser highlighted that Hibbett's relationships with cardinal brands, chiefly Nike, are precise strong. Additionally, the expert thinks that the retailer has "the champion successful people omni-channel, user facing operation" successful his coverage, which is reflected by the 21.4% emergence successful integer income successful the fiscal 4th quarter.

Poser lowered his fiscal 2024 and fiscal 2025 net per stock estimates, fixed that the company's caller results lagged guidance. Nonetheless, helium reiterated a bargain standing connected Hibbett and a terms people of $82 due to the fact that helium is "confident that HIBB's guidance is acold much realistic, prudent, and blimpish than it has been successful immoderate time."

Poser is ranked No. 144 among much than 8,000 analysts tracked connected TipRanks. His ratings person been profitable 55% of the time, with each standing delivering a instrumentality of 17.6%, connected average.

Cybersecurity institution Zscaler's (ZS) fiscal second-quarter results crushed the Street's expectations, with a 52% summation successful revenue.

Nevertheless, ZS banal fell arsenic investors seemed acrophobic astir the company's billings guidance of astir a 9% sequential diminution successful the fiscal 3rd quarter, compared to the mid-single digit declines seen implicit the past fewer years. Delays successful ample deals owed to macro woes impacted the company's outlook.

TD Cowen expert Shaul Eyal remains bullish astir Zscaler and reiterated a bargain standing with a terms people of $195 pursuing the results. "In our view, contempt macro uncertainty and elevated woody scrutiny, ZS occupies a beardown competitory presumption arsenic it addresses a $72B marketplace opportunity," said Eyal.      

The expert thinks that the institution is good positioned to execute its longer-term targets, including yearly recurring gross of $5 billion, operating borderline of 20% to 22%, and escaped currency travel borderline of 22% to 25%. (See Zscaler Hedge Fund Trading Activity connected TipRanks)

Eyal holds the 15^th presumption among much than 8,000 analysts connected TipRanks. Additionally, 66% of his ratings person been profitable, with an mean instrumentality of 24.1%.

Garmin (GRMN) is simply a starring supplier of GPS-enabled-based devices and applications. Last month, the institution reported a diminution successful its fourth-quarter revenue owed to currency headwinds and little request for its fittingness products.

Tigress Financial expert Ivan Feinseth expects the company's ongoing innovation and caller launches, spot successful aviation, and increasing opportunities successful wellness and automotive OEM (original instrumentality manufacturer) businesses to reaccelerate trends.  

Feinseth is peculiarly assured astir Garmin emerging arsenic an industry-leading automotive OEM supplier. The company's automotive OEM gross accrued by 11% to $284 cardinal successful 2022. The expert expects the automotive conception to spot yearly maturation of 40%, reaching a gross tally complaint of $800 cardinal by 2025. He expects this maturation to beryllium led by the company's industry-leading merchandise categories of in-cabin domain controllers, infotainment systems and different in-cabin connected interfaces.

Feinseth, who ranks 189^th connected Tipranks, reiterated a bargain standing connected Garmin banal with a terms people of $165. The analyst's ratings person been profitable 62% of the time, with an mean instrumentality of 12.2%. (See Garmin Financial Statements on TipRanks)