3 New Strong Buy Ratings from Top-Rated Analysts [11/18/2024]

Don’t rely on stock recommendations from just anyone. With WallStreetZen, you gain access to high-conviction stock ratings from top-rated analysts every weekday. It’s a premium feature on our site, but we’ve unlocked a FREE sampling below: 

Charts courtesy TradingView

1- Autodesk Inc. (NASDAQ: ADSK)

Analyst/Firm: Saket Kalia / Barclays

Analyst ranking: Top 3% / average return +10.53% / win rate 61% 

Last market close: $302.05

Price target: $355.00 

• Maintaining a Strong Buy rating, Barclays's Saket Kalia raised their price target on Autodesk (NASDAQ: ADSK) by 14.5% from $310 to $355 on 11/15, in advance of the company’s Q3 earnings announcement, scheduled for 11/26.  
• In a preview note, Kalia told readers to expect Autodesk to report accelerating billings "as North America and Europe transition."
• Read-throughs for the quarter were more positive than negative, the analyst added.
• See why 17 analysts give ADSK a BUY consensus.

2- Driven Brands Holdings Inc. (NASDAQ: DRVN) 

Analyst/Firm: Chris O'Cull / Stifel Nicolaus

Analyst ranking: Top 6% / average return +21.53% / win rate 63% 

Last market close: $16.48

Price target: $22.00

• Maintaining a Strong Buy rating, Stifel Nicolaus's Chris O'Cull raised their price target on Driven Brands Holdings (NASDAQ: DRVN) by 10% from $20 to $22 on 11/14.
• Driven Brands Holdings reported its Q3 2024 earnings on 10/31. 
• O'Cull told readers they hiked their price target because Stifel Nicolaus rolled forward its estimates, adjusting its quarterly EPS estimates for FY 2025 but leaving its full-year estimate unchanged.
• Will DRVN see 30% upside in the coming year? Ask the pros.

3- Sun Country Airlines Holdings (NASDAQ: SNCY)

Analyst/Firm: Brandon Oglenski / Barclays

Analyst ranking: Top 11% / average return +5.24% / win rate 54% 

Last market close: $14.61

Price target: $24.00 

• Maintaining a Strong Buy rating, Barclays's Brandon Oglenski raised their price target on Sun Country Airlines Holdings (NASDAQ: SNCY) by 20% from $20 to $24 on 11/14. 
• In a bullish overview, Oglenski told readers that Barclays expects Airline sector fundamentals "to turn sharply positive" in 2025, likely driving a "much more favorable market perception of names in the group."
• The result could be "meaningful stock price appreciation for the industry leaders Delta, United, and Alaska, the analyst continued.
• Oglenski detailed that "the combination of improving Airline sector fundamentals and investor sentiment could drive a "powerful rally in airline equities in 2025," with Barclays predicting that the "winners will keep winning."
• Airlines offer significant upside potential as capacity growth moderates in 2025, low-cost carrier competition is reshuffled, and the "moats grow deeper for the winners in the industry," the analyst explained.
• Will SNCY see 60% upside in the coming year? See what experts are saying.

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