As September kicks off, Wolfe Research is spotlighting some key stocks to watch for the month ahead. Though August closed out with stocks rebounding from the global sell-off earlier that month, the major averages have been off to a rocky start in September. In fact, the month began with all three indexes suffering their worst days since the Aug. 5 rout.
6% year to date, they've skyrocketed more than 28% in the past three months after the company's fiscal second-quarter results beat estimates . Wolfe sees the stock only going higher from here. From Wednesday's close, the firm's price target of $685 implies 19% upside ahead. The firm thinks its current valuation creates an attractive risk-reward profile.
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