Buy these stocks with overly conservative expectations ahead of earnings, Jefferies says

  • 📰 CNBC
  • ⏱ Reading Time:
  • 23 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 36%
  • Publisher: 72%

Investment Strategy Notícia

Stock Markets,Cyberark Software Ltd,Cyberark Software Ltd

Ahead of first-quarter earnings season, Jefferies identified some stocks with upward revision potential.

First-quarter reporting season is kicking off later this week, and investors should also be attuned to companies boosting their forecasts as they report, Jefferies found. Indeed, these updates could bode well for those stocks. "First quarter reporting sees the highest magnitude of estimate revisions, often marking the period when expectations and YTD trends are most broadly misaligned," the firm noted in a Sunday report.

"CYBR reported strong 4Q results relative to peers, and we believe the co. appears capable of sustaining momentum in an inflecting macro environment," analyst Joseph Gallo wrote. He added that CyberArk's business setup in 2024 should be "very achievable" when considering the company's current relatively modest growth estimates. Jefferies also listed GE Aerospace as a company with upward revision potential.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 12. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

This Latin American chemicals company is a buy with more than 30% upside, Jefferies saysThe beat-down stock could be do for a major bounce, the firm said.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »