Top Wall Street analysts are banking on these stocks for solid returns

With markets facing unit astatine slightest successful the abbreviated term, investors should effort to physique a portfolio of stocks that tin upwind the tempest and connection semipermanent maturation potential.

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

Domino's Pizza (DPZ) reported mixed results for the 2nd quarter, with the institution blaming a diminution successful its market-basket pricing to stores and little bid volumes for the shortfall successful its gross compared to analysts' expectations.

Nonetheless, BTIG expert Peter Saleh reiterated a bargain standing connected Domino's with a terms people of $465 and said that the banal remains his apical pick. (See Domino's Financial Statements connected TipRanks) 

In particular, Saleh expects the company's Uber Eats partnership, changes successful the rewards program, and the motorboat of its pepperoni Stuffed Cheesy Bread to boost the apical enactment successful the 4th fourth and into 2024.

The expert noted that the pizza chain's full paper volition go disposable to Uber Eats customers astatine regular paper prices, without immoderate deals oregon coupons. Interestingly, the institution is targeting the higher-income customers connected Uber Eats and reserving the discounts and different benefits for its ain ordering channels.

"We expect the betterment successful transportation sales, coupled with declining commodities, to construe to healthier portion economics and accelerated home improvement adjacent twelvemonth and beyond," said Saleh.

Saleh ranks No. 331 retired of much than 8,500 analysts tracked connected TipRanks. Also, 64% percent of his ratings person been profitable, with an mean instrumentality of 12.9%.  

Next up is Meta Platforms (META). The societal media level precocious delivered upbeat second-quarter results and issued better-than-anticipated guidance for the 3rd quarter, signaling improved conditions successful the integer advertisement market.

Following the print, Monness expert Brian White raised his terms people for Meta to $370 from $275 and maintained a bargain rating, saying that the company's second-quarter results reflected beardown execution and its monolithic cost-improvement measures.

The expert noted that management's commentary during the net telephone reflected affirmative vibes, backed by an improving integer advertisement marketplace and a compelling merchandise roadmap. He highlighted the momentum successful Meta's short-video diagnostic Reels, which is increasing astatine a more than $10 cardinal yearly gross tally complaint crossed apps. He besides mentioned the better-than-expected traction successful Threads and the company's important investments successful artificial intelligence.        

White cautioned investors astir regulatory risks and interior headwinds. However, helium said that successful the agelong run, "Meta volition payment from the integer advertisement trend, innovate with AI, and enactment successful the build-out of the metaverse."

White holds the 27th presumption among much than 8,500 analysts connected TipRanks. His ratings person been profitable 67% of the time, with each standing delivering an mean instrumentality of 20.7%. (See Meta Platforms Stock Chart connected TipRanks)

White is besides bullish connected audio streaming institution Spotify (SPOT). While Spotify's second-quarter revenue and Q3 2023 guidance missed analysts' expectations, the expert contended that results were "respectable" with meaningful year-over-year maturation of 27% successful monthly progressive users (MAU) to 551 million.

Commenting connected Spotify's determination to summation the terms of its subscription offerings, White noted that the terms hikes volition interaction astir subscribers opening September, frankincense having a tiny interaction connected the 3rd 4th but contributing meaningfully to the fourth-quarter performance.

While the expert acknowledges an aggravated competitory backdrop, helium said that "Spotify is riding a favorable semipermanent trend, enhancing its platform, tapping into a ample integer advertisement market, expanding its audio offerings, and improving its outgo structure."

White raised his 2024 estimates and reiterated a bargain standing portion expanding the terms people for SPOT banal to $175 from $160. (See Spotify Blogger Opinions & Sentiment connected TipRanks)  

Another tech elephantine successful the week's database is Microsoft (MSFT), which has been making headlines this twelvemonth owed to its generative AI advancements. The company's fiscal fourth-quarter results topped Wall Street's estimates. That said, the gross outlook for the archetypal 4th of fiscal 2024 fell abbreviated of expectations.

Nonetheless, Goldman Sachs expert Kash Rangan, who ranks 459th among much than 8,500 analysts tracked connected TipRanks, remains bullish connected MSFT stock. (See Microsoft Hedge Fund Trading Activity connected TipRanks)           

The expert thinks that successful the abbreviated term, determination mightiness beryllium concerns astir erstwhile the company's ramped-up superior investments volition wage off. However, helium observed that historically, whenever Microsoft accrued its superior expenditure successful the unreality market, Azure maturation complaint changeable up meaningfully and margins rebounded, driving the banal terms higher. 

With a beardown beingness crossed each layers of the unreality stack, Rangan said that Microsoft is good positioned to seizure opportunities successful respective semipermanent secular trends, including nationalist unreality and SaaS adoption, integer transformation, generative AI and instrumentality learning, analytics and DevOps.

In enactment with his bullish stance, Rangan reiterated a bargain standing with a terms people of $400. He has a occurrence complaint of 59% and each of his ratings has returned 10% connected average.

We present thrust toward bequest automaker General Motors (GM), which impressed investors with robust maturation successful its second-quarter revenue and earnings. Additionally, the institution raised its full-year outlook for the 2nd clip this year.

Recently, Tigress Financial Partners expert Ivan Feinseth reaffirmed a bargain standing connected the banal with a terms people of $86, noting the company's beardown execution and the ramp-up of caller electrical conveyance launches and production.

The expert highlighted that the institution continues to witnesser robust request for its full-size SUVs and pickups, which is driving its gross and currency travel higher and backing the modulation and enlargement of its EV production.

Feinseth called GM's Ultium level and proviso concatenation for EV artillery accumulation its important competitory advantage. The expert is besides affirmative astir the company's caller initiatives to grow its charging network.

"In summation to the ramp-up of EV production, GM's ramp-up of high-value bundle and services arsenic it plans to treble institution gross to $275-315 cardinal by 2030 should thrust important increases successful Return connected Capital (ROC) and Economic Profit," the expert said.     

Feinseth holds the 215th presumption among much than 8,500 analysts connected TipRanks. His ratings person been palmy 61% of the time, with each standing delivering an mean instrumentality of 12.9%. (See General Motors Insider Trading Activity connected TipRanks)