Top Wall Street analysts back these stocks as earnings season kicks off

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TipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, like Intel and BioMarin.

is his top SMid-cap pick, thanks to "its leading position in the optical market well levered to 5G/cloud complimented by a strong silicon carbide portfolio that will rapidly expand with the proliferation of EVs and 5G base stations." To this end, the five-star analyst keeps a Buy rating and $100 price target on the stock.

What's more, II-VI scaled the 3D sensing operations to support all of the current market, which Arya believes could help it take even more market share. All of this prompted the analyst to comment, "II-VI remains in position to achieve a double-digit sales/EPS CAGR ." "While historically supplying the market with SiC-based substrates, recent acquisitions and partnerships are enabling II-VI to establish a vertically integrated portfolio capable of producing SiC modules and devices. While SiC accounts for a modest mid-single digit percentage of sales today, the technology can enable long-term topline/margin outperformance," Arya explained.

The company just pre-announced that its Q4 2020 revenue and NG EPS are expected to come in above the midpoint of the original guidance range. Additionally, UCTT noted that for Q1 2021, it estimates revenue will land within the range of $370-$400 million. This is 3-11% above the midpoint of its Q4 2020 revenue guidance, and "represents strong sequential growth," in Bolton's opinion.

 

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Top Wall Street analysts like these stocks coming out of earnings seasonTipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, like Facebook and Apple Did they make a meme and talk about them on social media ? Nobody trusts you anymore. Go home. They will need plenty of Band-Aids once WSB is finished.
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