Top Wall Street analysts prefer these five stocks despite ongoing uncertainty

First connected the database is innovative tech elephantine Apple (AAPL). The company's show successful the December 4th was importantly deed by iPhone-related proviso concatenation disruptions successful China, currency headwinds and macro challenges. Nonetheless, respective analysts, including Evercore ISI expert Amit Daryanani, stay bullish connected the stock.

In a caller probe note, Daryanani addressed capitalist concerns astir his bullishness connected Apple, contempt its premium valuation compared to large tech peers. The expert contended that successful the existent macro environment, Apple's premium valuation is "not lone justified but could further expand," fixed its superior ratio metrics similar instrumentality connected invested superior (5-year mean ROIC of 39% compared to the adjacent radical mean of 21%), coagulated escaped currency travel and superior return.

Further, Daryanani stated that "AAPL has typically operated with a higher grade of consistency and importantly little volatility." He explained that the institution was "more rational" successful its hiring during the pandemic, dissimilar respective tech companies that aggressively accrued their headcount. Consequently, Apple avoided excessive stock-based compensation costs oregon layoffs.  

Daryanani reiterated a bargain standing connected Apple with a terms people of $190. The expert holds the 236^th presumption among much than 8,000 analysts connected TipRanks. Additionally, 60% of his ratings person been profitable, with an mean instrumentality of 11.4%. (See Apple Blogger Opinions & Sentiment connected TipRanks)

Next up is Cloudflare (NET), a cloud-based contented organisation web and information provider. The institution has an extended planetary web that reaches much than 285 cities successful implicit 100 countries and powers websites, APIs (application programming interface), and mobile applications.

TD Cowen expert Shaul Eyal thinks that the marketplace is "underappreciating" Cloudflare's quality to leverage the breadth of its planetary beingness to "efficiently present caller applications, including precocious security, with constricted incremental cost."

Eyal, who ranks 11 retired of much than 8,300 analysts tracked connected TipRanks, expects Cloudflare's gross to turn much than 38% this year, driven by caller concern and enlargement wrong the company's existing lawsuit base. (See Cloudflare Hedge Fund Trading Activity on TipRanks)

Eyal noted that implicit 40% of the company's gross is generated internationally, and the institution is "disrupting" respective marketplace segments, including infrastructure, telecommunications, security, and borderline computing. Currently, these segments correspond a full addressable marketplace of implicit $115 billion, which is expected to turn to $135 cardinal by 2024.

Eyal reaffirmed a bargain standing connected Cloudflare with a terms people of $75. Remarkably, Eyal has a occurrence complaint of 67% and each of his ratings has returned 24.1%, connected average.

This week, sneaker and diversion apparel retailer Foot Locker (FL) delivered upbeat results for the 4th fourth of fiscal 2022. The institution revealed its revitalized concern with Nike and semipermanent maturation strategy, which includes respective initiatives similar transforming its real-estate footprint by opening caller format stores, shifting to off-mall locations, and closing underperforming stores. 

Through its semipermanent maturation plan, nether the enactment of Mary Dillon, Foot Locker is targeting income maturation of 5% to 6% and adjusted net per stock maturation successful the low-to-mid twenties scope for fiscal 2024 done 2026.

Guggenheim expert Robert Drbul expects Foot Locker to payment from CEO Dillon's "extensive cognition and heavy knowing of off-mall and big-box retailing." That said, helium thinks that the company's strategical program needs clip to materialize arsenic Dillon is inactive gathering her team.

Drbul reiterated a bargain standing connected Foot Locker banal with a terms people of $60, noting that "2023 volition beryllium a reset twelvemonth arsenic Foot Locker navigates its revitalized Nike (NKE) relationship, repositions its Champs banner, optimizes its fleet, absorbs exit costs, increases its tech investments, and continues to thrust outgo savings." 

Drbul is ranked No. 440 among much than 8,000 analysts followed connected TipRanks. His ratings person been profitable 61% of the time, with each standing delivering an mean instrumentality of 7.5%. (See Foot Locker Stock Chart connected TipRanks)

Cisco (CSCO) offers a wide scope of products and solutions crossed networking, security, collaboration, and the cloud. Tigress Financial expert Ivan Feinseth precocious reiterated a bargain standing connected Cisco with a terms people of $73, saying that the institution continues to summation from the rising request for faster, unafraid networks and unreality hosting infrastructure.

Feinseth noted that the institution built up a ample bid backlog during the pandemic erstwhile firm customers continued to upgrade their networks, fueled by "increasing request for accusation entree and supporting larger networks."

"The betterment and maturation of IT spending successful 2023 and beyond, on with CSCO's ongoing displacement to services and software-driven subscription revenue, volition proceed to thrust accelerating Business Performance trends," said Feinseth. (See Cisco Insider Trading Activity connected TipRanks)

The expert besides explained that Cisco's coagulated equilibrium expanse and currency travel proceed to enactment its maturation efforts, strategical acquisitions, and enhanced shareholder returns. Feinseth holds the 164^th presumption among much than 8,000 analysts connected TipRanks. Additionally, 62% of his ratings person been profitable, with an mean instrumentality of 11.8%.

Acushnet Holdings

Feinseth is besides bullish astir Acushnet (GOLF), a institution that sells play products and owns starring brands similar Titleist and FootJoy. The expert precocious upgraded GOLF banal to bargain from clasp and accrued the terms people to $62 from $50.

Feinseth expects Acushnet's awesome marque equity and market-leading products, coupled with caller launches, to thrust further gains successful the stock. Feinseth emphasized that the company's 2022 results were boosted by double-digit income maturation successful the Titleist play club, Titleist cogwheel and FootJoy play deterioration segments.

The expert noted that Acushnet's 2022 show benefited from a wide scope of innovative products, including caller TSR models that rapidly became "the most-played exemplary connected the PGA tour." (See Acushnet Financial Statements connected TipRanks)

"GOLF is well-positioned to summation from the ongoing post-pandemic maturation successful golf, including rounds played and maturation successful subordinate population, particularly from younger and caller play players," said Feinseth.