4 big analyst picks: Meta Platforms raised to Buy ahead of Q2
Investing.com | Author Davit Kirakosyan
Published Jul 26, 2023 12:00
Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: upgrades at Meta Platforms, Zscaler, NetApp, and WW International.
InvestingPro.
The firm expressed confidence in Zscaler's ability to maintain its leadership position despite increased competition.
According to the firm, Zscaler has significant opportunities in the "security service edge" market, which involves delivering network security services from a purpose-built cloud platform. They believe that Zscaler is well-positioned to benefit from the ongoing shift of network security architectures towards cloud environments over the next five years, indicating substantial potential for growth.
2 more upgrades/h2
NetApp (NASDAQ:NTAP) shares gained more than 1% pre-market today after Morgan Stanley upgraded the company to Equalweight from Underweight and raised its price target to $74.00 from $60.00.
WW International (NASDAQ:WW) shares jumped more than 6% pre-market today after Morgan Stanley upgraded the company to Overweight from Equalweight and raised its price target to $13.00 from $5.00.
"We see an undervalued turnaround story with thematic exposure given the combination of a reaccelerating core business in addition to faster than anticipated traction in WW's new GLP-1 telehealth brand Sequence. A robust NT catalyst path provides opportunities for re-rating."
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Written By: Investing.com
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