3 New Strong Buy Ratings from Top-Rated Analysts: 12/12/2024

By Jessie Moore, Stock Researcher and Writer
December 11, 2024 12:55 PM UTC
3 New Strong Buy Ratings from Top-Rated Analysts: 12/12/2024

Let's take a peek into the brains of some of Wall Street's top-performing analysts. This week, Teledyne Technologies (NYSE: TDY) got a huge price target increase, ServiceNow Inc. (NYSE: NOW

got accolades for new offerings, and Yext Inc. (NYSE: YEXT) crushed earnings. Here's what we're watching.

Gain access to dozens of alerts like this per week —  👉👉 Try WallStreetZen Premium  

1- Teledyne Technologies (NYSE: TDY)

Zen Rating: B (BUY)

Analyst/Firm:  Damian Karas / UBS

Analyst ranking:  Top 26% / average return +6% / win rate 52% 

Price at writing: $471.02

Price target: $585.00 (See more forecasts here)

  • UBS's Damian Karas assumed coverage on Teledyne Technologies (NYSE: TDY) with a Strong Buy rating. The analyst also raised their price target by 11.4% from $525 to $585.
  • Karas told investors that Teledyne Technologies has a proven track record of leveraging M&As to drive consistent double-digit EPS growth.
  • The stock is currently selling at a discount against peers and historical valuation, which the analyst attributed to slowing organic growth in 2023 and 2024 caused by short-cycle industrial weakness.
  • On the plus side, there are encouraging signs for Teledyne Technologies, such as healthy book-to-bill rates and a positive Y/Y organic sales inflection in Q3, Karas said.
  • According to the analyst, Teledyne Technologies will resume double-digit EPS growth in 2025.
  • In addition, Karas predicted a brighter future for short-cycle activity and numerous re-ratings, thanks to the company's accelerated organic growth.

_____________________

A message from our sponsors...

Zero Day Options Trade LIVE Tuesday at 2 p.m. ET! When The Gov't Drops Economic Reports... This One Trade Could Have Made 253%... 327%... Even 383% gains... Enough for overnight payouts of $25,300... $32,700... heck even $38,300! Discover The Zero Day Loophole (BEFORE Tues at 2 p.m. ET!)*

* Thanks to our sponsors for keeping this content free.

_____________________

2- ServiceNow Inc. (NYSE: NOW

Zen Rating: B (BUY) 

Analyst/Firm: J. Derrick Wood / TD Cowen

Analyst ranking:  Top 3% / average return +18.63% / win rate 68% 

Price at writing: $1127.84

Price target: $1,300.00  (See more forecasts here)

  • TD Cowen's J. Derrick Wood raised their price target on Servicenow (NYSE: NOW) by 26.8% from $1,025 to $1,300 on 12/10. The analyst maintained their Strong Buy rating on the stock.
  • Wood made two points backgrounding their price target hike on ServiceNow:
  • The company is in the early innings of a powerful new AI product cycle with Pro+.
  • The release of new data-oriented solutions, Workflow Data Fabric and RaptorDB Pro, in early 2025 will advance ServiceNow into Agentic AI Network capabilities and introduce new monetization levers.

3- Yext Inc. (NYSE: YEXT

Zen Rating: B (BUY)

Analyst/Firm: Rohit Kulkarni / Roth MKM

Analyst ranking:  Top 1% / average return +41.78% / win rate 71% 

Price at writing: $7.06

Price target: $10.50  (See more forecasts here)

  • Roth MKM's Rohit Kulkarni raised their price target on Yext (NYSE: YEXT) by 40% from $7.5 to $10.5 on 2024/12/10. The analyst reiterated their Strong Buy rating on the stock.
  • Yext reported its Q3 2025 earnings.
  • Kulkarni attributed their price target hike on Yext to the quarter's revenue and adjusted EBITDA beats.
  • The analyst also cited direct customer ARR - annual recurring revenue - remaining "stable" on an organic basis and accelerated on a reported basis including a recent acquisition.

What to Do Next? 

Want to get in touch? Email us at news@wallstreetzen.com.

Keep Reading

See All News
Hot or Not, Stock Market Edition: 12/12/2024
Hot or Not, Stock Market Edition: 12/12/2024
Alphabet (NASDAQ: GOOGL) has been in the midst of a heat wave following a breakthrough in quantum computing, and CarGurus (NASDAQ: CARG) continues its upward ascent. Things weren’t so hot for Albertsons Companies (NYSE: ACI) and Oracle Corporation (NYSE: ORCL), which have both experienced losses this week. Let’s dig into the deets.
2 months agoDan Simms
ORCL
Hot or Not, Stock Market Edition: 12/13/2024
Hot or Not, Stock Market Edition: 12/13/2024
What’s hot? Zeta Global Holdings (NYSE: ZETA), which recently experienced massive losses but appears to be recovering, as well as Nvidia (NASDAQ: NVDA), which just erased all of its recent losses. What’s not? SoundHound AI (NASDAQ: SOUN) isn’t as hot as its 500%+ gains YTD might imply; Dave & Busters Entertainment’s (NASDAQ: PLAY) big comeback may not be as it seems. Keep reading for more — and check out the biggest winners and biggest losers on WSZ.
2 months agoDan Simms
ZETA
SOUN
NVDA
3 New Strong Buy Ratings from Top-Rated Analysts: 12/10/2024
3 New Strong Buy Ratings from Top-Rated Analysts: 12/10/2024
Right now, analysts are bullish on Procore Technologies Inc. (NYSE: PCOR) following a successful Investor Day event; both Hewlett Packard Enterprises (NYSE: HPE) and Build a Bear Workshop Inc. (NYSE: BBW) enjoyed price target upgrades following good earnings. Here’s the scoop.
2 months agoJessie Moore
HPE
PCOR
TaskUs (TASK) — a Rare Blend of Value and Growth Potential
TaskUs (TASK) — a Rare Blend of Value and Growth Potential
Is TaskUs (NASDAQ: TASK) a growth or value stock? That's not so simple to answer, but the stock may appeal to both styles of investors. Here's why.
2 months agoMijuško Šibalić
TASK
Hot or Not, Stock Market Edition: 12/10/2024
Hot or Not, Stock Market Edition: 12/10/2024
Who knew documents were so hot?  DocuSign’s (DOCU) big run continued last week. Networking vendor Ceragon Networks (CRNT) followed suit. Qualcomm (QCOM) has had a slightly rougher go of it lately on fears that it may lose a key customer.
2 months agoDan Simms
DOCU
MAXN
QCOM
CRNT
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.