Here’s what Wall Street’s brightest and best are targeting RN:
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Arlo Technologies (ARLO): Subscription pivot driving up to 60% upside
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Tactile Systems Technology (TCMD): Recent dip opens 75% upside window
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Belden (BDC): Ruckus deal unlocks cross-selling and big upside targets
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The recent acquisition of Ruckus for this networking solutions company has unlocked compelling cross-selling opportunities and niche capabilities that align well with Belden's legacy solutions, positioning the company for sustained growth and value creation.
Zen Rating: A (Strong Buy) — see full analysis
Recent Price: $105.22 — get current quote
Max 1-year forecast: $170.00
Why we're watching:
- BDC has limited, but overall bullish, coverage among the analysts we track, with 3 Strong Buy and 1 Buy recommendations. See all recommendations here
- For example, Truist Securities researcher William Stein (a top 1% rated analyst) recently reiterated his Strong Buy recommendation with a price target that suggests the stock could see greater than 30% upside in the coming year.
- Separately, DA Davidson researcher Chris Dankert (a top 16% rated analyst) maintained his Strong Buy with a price target suggesting the stock could see greater than 50% upside in the coming year.
- Industry ranking context: BDC is currently the #7 highest-rated stock in the Communication Equipment industry, which has an Industry Rating of B.
- Zen Ratings highlights: BDC earns an overall A rating, which amounts to a Strong Buy recommendation. This tier represents the elite top 5% of all stocks tracked based on a comprehensive 115-factor fundamental analysis.
- Component Grades: BDC stands out with an A for Value, reflecting attractive valuation metrics relative to its growth prospects, while maintaining solid Bs for Financials, Safety, and Sentiment, a mix that positions it well for continued upside. See all 7 Component Grades here
2. Arlo Technologies (NYSE: ARLO)
Arlo Technologies provides smart connected devices to monitor environments in real-time with Wi-Fi or cellular connections. Recent product innovations including the Essential Solar Security Camera and new AI-powered Secure 7 service are driving the company's evolution from hardware to higher-margin subscription revenue streams.
Zen Rating: A (Strong Buy) — see full analysis
Recent Price: $12.11 — get current quote
Max 1-year forecast: $20.00
Why we're watching:
- ARLO has limited, but overall bullish, coverage among the analysts we track, with 1 Strong Buy and 2 Buy recommendations. See all recommendations here
- The most bullish analyst is Piper Sandler researcher James Fish (a top 8% rated analyst), who recently maintained his Strong Buy with a price target roughly 45% above current levels.
- Technically Oppenheimer researcher Martin Yang (a top 4% rated analyst) is slightly less bullish, having just initiated coverage with a Buy recommendation … but their price target exceeds Fish’s, with over 60% upside on the table.
- Industry ranking context: ARLO is currently the #2 highest-rated stock in the Building Product & Equipment industry, which has an Industry Rating of C.
- Zen Ratings highlights: ARLO earns an overall A rating, equal to a Strong Buy recommendation. Stocks in this topmost tier have historically delivered nearly 30% annual returns, decisively beating the broader market.
- Component Grades: ARLO maintains solid Bs across Sentiment, Growth, and Value, reflecting a company scaling its recurring revenue base with analyst support behind the shift and a valuation that hasn’t run ahead of it. See all 7 Component Grades here
3. Tactile Systems Technology (NASDAQ: TCMD)
This medical technology firm has a lot going for it RN: accelerating earnings growth, strong operating leverage, and an attractive entry point following recent price dips … On top of that, the company is well-positioned to continue its trajectory of revenue expansion and margin improvement.
Zen Rating: A (Strong Buy) — see full analysis
Recent Price: $22.66 — get current quote
Max 1-year forecast: $39.00
Why we're watching:
- TCMD has limited, but overall bullish, coverage among the analysts we track, with 2 Strong Buy recommendations. See all recommendations here
- For example, B. Riley Securities researcher Kyle Bauser (a top 20% rated analyst) upgraded to Strong Buy with a price target that suggests the stock could see roughly 60% upside in the coming year.
- Even better, BTIG researcher Ryan Zimmerman (a top 22% rated analyst) recently maintained his Strong Buy rating with a price target that suggests the stock could see nearly 75% upside in the coming year.
- Industry ranking context: TCMD is currently the #4 highest-rated stock in the Medical Device industry, which has an Industry Rating of C.
- Zen Ratings highlights: TCMD earns an overall A rating, which is equal to a Strong Buy recommendation. Stocks with this rating represent the elite top 5% of all stocks tracked based on a rigorous 115-factor fundamental review.
- Component Grades: TCMD shines with an A for Sentiment, reflecting strong analyst confidence in the growth and operating leverage story, alongside solid Bs for Financials, Safety, and Value, positioning it well for continued outperformance. See all 7 Component Grades here
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