Top Wall Street analysts like these three stocks for long-term growth
The Middle East conflict and macro uncertainty are expected to keep global stock markets volatile, so it would be prudent for investors to ignore short-term noise and pick names with solid growth prospects.
To this end, top Wall Street analysts' research can be a key consideration for investors who are picking out stocks and seeking names with long-term potential.
Here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance.
We start this week with online pet retailer Chewy (CHWY). The company recently delivered solid revenue and earnings for the first quarter of fiscal 2025. However, investors were concerned about some aspects, including the decline in free cash flow.
Reacting to the Q1 FY25 performance, JPMorgan analyst Doug Anmuth increased his price target for CHWY stock to $47 from $36 and reiterated a buy rating, saying that the post-earnings sell-off in the stock seems overdone. TipRanks' AI analyst has an outperform recommendation on CHWY stock, with a price target of $46.
Anmuth stated that he remains bullish on Chewy stock due to its strong execution, growth in active customers, and profitability ramp. He expects sponsored ads, product mix and fixed cost leverage to drive a multi-year profitability ramp.
"We believe CHWY is capturing share from AMZN/WMT supported by hardgoods, product mix shift, consumables, AutoShip, & efficient marketing, while improving industry trends would be a tailwind," the analyst said.
Anmuth views Chewy's full-year revenue outlook as conservative, given that the company is tracking towards the upper half of its guidance range. He highlighted that the 240,000 sequential increase in Q1 2025 Active Customer marked the fourth consecutive quarter of growth. He also pointed out improvements in other metrics like gross additions, reactivations and retention.
Anmuth ranks No. 42 among more than 9,600 analysts tracked by TipRanks. His ratings have been profitable 65% of the time, delivering an average return of 21.9%. See Chewy Ownership Structure on TipRanks.
Next on this week's list is social media platform Pinterest (PINS). Recently, the company entered into a partnership with Instacart, under which advertisements on Pinterest will become directly shoppable via Instacart.
Reacting to the collaboration, Bank of America analyst Justin Post reaffirmed a buy rating on PINS with a price target of $41. TipRanks' AI analyst has assigned an outperform rating on PINS stock, with a price target of $37.
Post said that advertisers can capitalize on Instacart's first-party purchase data to target Pinterest users. The analyst highlighted that in the initial phase, select brands can reach Pinterest users based on real-world retail purchase behavior captured by Instacart. The second phase will introduce a "closed-loop measurement," enabling advertisers to see how Pinterest ads lead to product sales across Instacart's network of over 1,800 retail partners.
Overall, this partnership will provide more precise ad campaign insights and performance tracking. Post noted the rise in PINS stock in reaction to this deal and potentially favorable Q2 ad data. The top-rated analyst thinks that the partnership is a "good fit as CPG [consumer packaged goods] is one of Pinterest's largest verticals (cooking and recipes also popular), and the closed loop attribution on campaigns will likely be valued by advertisers."
If successful, Post thinks that the partnership could drive incremental ad spend by CPG clients. He remains constructive on Pinterest due to artificial intelligence (AI) enhancements that seem to be fueling user engagement and improved ad performance, with AI ramp still in the early stage.
Post ranks No.23 among more than 9,600 analysts tracked by TipRanks. His ratings have been successful 69% of the time, delivering an average return of 22.9%. See Pinterest Insider Trading Activity on TipRanks.
We move to Uber Technologies (UBER), a ride-sharing and delivery platform. Recently, Stifel analyst Mark Kelley initiated a buy rating on UBER stock with a price target of $110. The analyst stated that he views UBER as a "super app" offering multiple reasons to use its platform, like commuting, ordering food and delivery.
Commenting on whether the emergence of autonomous vehicles (AVs) is a risk or opportunity, Kelley said that AVs present minimal risk to Uber's business over the near-to-medium term due to some hurdles, like safety, clarity on regulatory framework, cost of manufacturing AVs and large investments needed to support an AV fleet. In fact, the analyst thinks that the long-term risk from AVs is also unclear currently due to a wide range of potential outcomes.
Kelley is optimistic that Uber is well-positioned to meet or surpass the financial targets set in 2024, thanks to its solid execution. He expects gross bookings growth of 16% each in 2025 and 2026, supported by continued expansion into non-urban areas and internationally, with persistent adoption of UberOne. Moreover, Kelley expects earnings before interest, taxes, depreciation and amortization growth to be higher than gross bookings and revenue growth in 2025 and 2026.
Finally, Kelley is confident that Uber will eventually be successful in Delivery, which also facilitates customer acquisition, mainly in less dense/non-urban areas. He expects initiatives like Uber One and increased supply to boost Delivery bookings ahead. Kelly is also bullish on the greater retail media sub-segment of digital ads, as Uber has several advantages, like access to location data. Like Kelley, TipRanks' AI analyst is also bullish on UBER stock, with a price target of $108.
Kelley ranks No.119 among more than 9,600 analysts tracked by TipRanks. His ratings have been successful 67% of the time, delivering an average return of 25.3%. See Uber Technologies Statistics and Valuation on TipRanks.
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CNBC
12 hours ago
- CNBC
Top Wall Street analysts like these three stocks for long-term growth
The Middle East conflict and macro uncertainty are expected to keep global stock markets volatile, so it would be prudent for investors to ignore short-term noise and pick names with solid growth prospects. To this end, top Wall Street analysts' research can be a key consideration for investors who are picking out stocks and seeking names with long-term potential. Here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. We start this week with online pet retailer Chewy (CHWY). The company recently delivered solid revenue and earnings for the first quarter of fiscal 2025. However, investors were concerned about some aspects, including the decline in free cash flow. Reacting to the Q1 FY25 performance, JPMorgan analyst Doug Anmuth increased his price target for CHWY stock to $47 from $36 and reiterated a buy rating, saying that the post-earnings sell-off in the stock seems overdone. TipRanks' AI analyst has an outperform recommendation on CHWY stock, with a price target of $46. Anmuth stated that he remains bullish on Chewy stock due to its strong execution, growth in active customers, and profitability ramp. He expects sponsored ads, product mix and fixed cost leverage to drive a multi-year profitability ramp. "We believe CHWY is capturing share from AMZN/WMT supported by hardgoods, product mix shift, consumables, AutoShip, & efficient marketing, while improving industry trends would be a tailwind," the analyst said. Anmuth views Chewy's full-year revenue outlook as conservative, given that the company is tracking towards the upper half of its guidance range. He highlighted that the 240,000 sequential increase in Q1 2025 Active Customer marked the fourth consecutive quarter of growth. He also pointed out improvements in other metrics like gross additions, reactivations and retention. Anmuth ranks No. 42 among more than 9,600 analysts tracked by TipRanks. His ratings have been profitable 65% of the time, delivering an average return of 21.9%. See Chewy Ownership Structure on TipRanks. Next on this week's list is social media platform Pinterest (PINS). Recently, the company entered into a partnership with Instacart, under which advertisements on Pinterest will become directly shoppable via Instacart. Reacting to the collaboration, Bank of America analyst Justin Post reaffirmed a buy rating on PINS with a price target of $41. TipRanks' AI analyst has assigned an outperform rating on PINS stock, with a price target of $37. Post said that advertisers can capitalize on Instacart's first-party purchase data to target Pinterest users. The analyst highlighted that in the initial phase, select brands can reach Pinterest users based on real-world retail purchase behavior captured by Instacart. The second phase will introduce a "closed-loop measurement," enabling advertisers to see how Pinterest ads lead to product sales across Instacart's network of over 1,800 retail partners. Overall, this partnership will provide more precise ad campaign insights and performance tracking. Post noted the rise in PINS stock in reaction to this deal and potentially favorable Q2 ad data. The top-rated analyst thinks that the partnership is a "good fit as CPG [consumer packaged goods] is one of Pinterest's largest verticals (cooking and recipes also popular), and the closed loop attribution on campaigns will likely be valued by advertisers." If successful, Post thinks that the partnership could drive incremental ad spend by CPG clients. He remains constructive on Pinterest due to artificial intelligence (AI) enhancements that seem to be fueling user engagement and improved ad performance, with AI ramp still in the early stage. Post ranks No.23 among more than 9,600 analysts tracked by TipRanks. His ratings have been successful 69% of the time, delivering an average return of 22.9%. See Pinterest Insider Trading Activity on TipRanks. We move to Uber Technologies (UBER), a ride-sharing and delivery platform. Recently, Stifel analyst Mark Kelley initiated a buy rating on UBER stock with a price target of $110. The analyst stated that he views UBER as a "super app" offering multiple reasons to use its platform, like commuting, ordering food and delivery. Commenting on whether the emergence of autonomous vehicles (AVs) is a risk or opportunity, Kelley said that AVs present minimal risk to Uber's business over the near-to-medium term due to some hurdles, like safety, clarity on regulatory framework, cost of manufacturing AVs and large investments needed to support an AV fleet. In fact, the analyst thinks that the long-term risk from AVs is also unclear currently due to a wide range of potential outcomes. Kelley is optimistic that Uber is well-positioned to meet or surpass the financial targets set in 2024, thanks to its solid execution. He expects gross bookings growth of 16% each in 2025 and 2026, supported by continued expansion into non-urban areas and internationally, with persistent adoption of UberOne. Moreover, Kelley expects earnings before interest, taxes, depreciation and amortization growth to be higher than gross bookings and revenue growth in 2025 and 2026. Finally, Kelley is confident that Uber will eventually be successful in Delivery, which also facilitates customer acquisition, mainly in less dense/non-urban areas. He expects initiatives like Uber One and increased supply to boost Delivery bookings ahead. Kelly is also bullish on the greater retail media sub-segment of digital ads, as Uber has several advantages, like access to location data. Like Kelley, TipRanks' AI analyst is also bullish on UBER stock, with a price target of $108. Kelley ranks No.119 among more than 9,600 analysts tracked by TipRanks. His ratings have been successful 67% of the time, delivering an average return of 25.3%. See Uber Technologies Statistics and Valuation on TipRanks.
Newsweek
2 days ago
- Newsweek
Tech Companies Double Down on Remote Work As America Returns to the Office
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Every once in a while, panic rips through the workforce at Pinterest. "I don't think there's anything that we've done internally to give people the impression," Doniel Sutton, the chief people officer at Pinterest, told Newsweek. "But when people see articles mandating five days a week back in [the] office, it automatically triggers a thought in people's mind, 'Well, could that possibly occur here?" Five years ago, the pandemic forced millions of workers across corporate America to work from home. As "commuting" vanished from office vernacular and Zoom meetings became the norm, business leaders hailed flexible work options as the future of work. Now, employers are reversing their position. Amazon, AT&T, Boeing, Dell, Goldman Sachs, JPMorgan, Tesla and The Washington Post have all issued five-day return-to-office (RTO) mandates. Major tech players, including Apple, Google, IBM, Meta and Salesforce, are also requiring employees to work in-person in some weekly capacity. But as thousands of employees are being told that their days of working remotely are over, some tech companies, like Pinterest, are doubling down on flexibility in the workplace. Their workforces couldn't be happier. This year, Pinterest received the highest possible score on Newsweek's ranking of America's Greatest Workplaces in Tech 2025, achieving five stars this year. Airbnb and Dropbox, which also offer remote work policies, appeared on the list as well. The ranking, which was published in partnership with Plant-A Insight Group, ranked companies based on data gathered from over 400,000 employee interviews and 4.9 million company reviews. "The most consistent response we get is, 'Please don't take it away!'" Sutton laughed. Photo-illustration by Newsweek/Getty "We conduct employee voice surveys twice a year and since its inception, PinFlex has been the highest-rated survey item every year," Sutton said. "People love it. It allows them to more effectively integrate both their work and their personal life. It's particularly beneficial for working parents, caregivers, people who have unpredictable life situations." A study published in Personnel Psychology last year showed that remote workers are more satisfied with their jobs, more committed to their organization and less likely to want to leave it. Personnel Psychology is a research journal centered around people at work. At the same time, RTO policies have reportedly taken a toll on employees. An internal memo from JPMorgan that was leaked on Tuesday showed morale down among employees. The bank's leadership attributed dissatisfaction with the company culture to its March decision, which required all employees to work full-time in the office. Previously, employees were expected to be in-person three days a week. Speaking on the growing number of RTO mandates across the country, Sutton said, "We obviously see those situations and feel pretty confident that we've made the right decision for Pinterest." In fact, PinFlex—Pinterest's remote work model—is often cited as the main driver for candidates, according to Sutton. "People are looking for flexibility. They are looking for an environment where they can do their best work, but also focus on life," the chief people officer said. Before PinFlex was implemented three years ago, two-thirds of Pinterest's workforce was based in the Bay Area. Now, employees in that region only make up about a third of the workforce. Sutton herself is based out of Orange County. Airbnb, which also allows employees to work remotely with its "Live and Work Anywhere" policy, describes a similar advantage of recruiting more qualified candidates, especially those located in non-tech hubs like Boston and Chicago. "Live and Work Anywhere is certainly great because not all the best quality people in the world are within 50 miles of San Francisco," Dave Stephenson, Airbnb's chief business officer and head of employee experience, told Newsweek. "We're able to tap into [a new pool of] people who are experienced and have amazing skills from Kansas City to Miami to New York to Hong Kong to everywhere in between. We're all over the world and that enables us to pick the best people at any given job," he said. A remote worker sits at her desk at her home in Frederick, Maryland on January 14, 2025. A remote worker sits at her desk at her home in Frederick, Maryland on January 14, 2025. Agnes Bun/AFP Brad Alge, an associate professor in organizational behavior and human resources at Purdue University, told Newsweek that remote work options are a great way for firms to expand their talent pool. Offering these policies can enable organizations to tap into a global talent pool without requiring relocation and to target populations of workers who may struggle in a traditional office setting. "One of our [Employee Resource Groups] is focused on neurodivergency, and so we understand people have different struggles that they're dealing with," Sutton said. "We want to allow them some agency, to choose what will be most valuable for them, and to make sure that the support system is there." Flexible workplaces can also be a non-negotiable for some employees. "Younger generations (Gen Z, Millenials) expect to have location flexibility," Alge said. "Companies that don't offer flexible work will be at a competitive disadvantage in terms of hiring talent. " While Millenials make up 70 percent of Pinterest's workforce, it's not lost on Sutton that Gen Z is the company's next fastest growing population. "We're very intentional on bringing them together for learning opportunities," she said. "Even though we have a remote first work policy, we put a lot of attention and resources to bringing teams together in our offices around the world for collaboration, community building and engagement." The biggest concern when it comes to remote work is that these models can lead to feelings of isolation for workers. Pinterest and Airbnb both seek to combat that by offering in-person worksites for their staff. Pinterest has 24 offices around the globe, while Airbnb has 26 offices worldwide. Pinterest employees appear at an all-hands gathering in-office. Pinterest employees appear at an all-hands gathering in-office. Pinterest The data and research team at Plant-A told Newsweek that support for remote work and flexible work arrangements is particularly high among Pinterest employees, 89 percent, compared to the software and information services industry average of 75 percent. Those insights also showed Airbnb with clear year-over-year improvements, with 80 percent of employees saying there is a high level of trust, transparency and respect among workers at all levels, compared to last year's 71 percent. Airbnb's 80 percent was also higher than the industry average of 73 percent. This year, Airbnb received four and a half stars on America's Greatest Workplaces 2025. Receiving the same four-and-a-half score was Dropbox, the file hosting service that describes itself as a "Virtual First" company. Speaking at Atlassian's Team '25 conference in April, Allison Vendt, Dropbox's vice president of people operations and experience, called Virtual First "the working model of the future." "It really combines the best of both remote and in-person work and we really focus on how we work versus where we work," Vendt said. Data from Plant-A shows that employees at Dropbox ranked the company higher than the industry average, with 82 percent stating that their employer supports work-life balance opportunities at home, compared to the industry average of 73 percent. "When we were designing Virtual First, we wanted to make sure it was also in-line with our values," she said. "I think something that was true then, and continues to be true, is that there's really no substitute for being in-person and that human connection." By being more intentional with the in-person time that Dropbox employees spend together, Vendt said the company has been able to ensure that 99 percent of work gatherings deliver at least one positive business outcome. "Eighty-six percent of employees rate that their team effectiveness improves after they gather," she added. Remote options haven't only improved the time employees spend face-to-face with each other, but also the face-to-face time they now spend with their communities. At Pinterest, where employees have up to 40 calendar hours of volunteer time off, Sutton has seen an increase in volunteer work. "We also notice that there's an uptick [in volunteering] when disasters like the LA fires happen," Sutton said. "Even the executive team and I did some volunteer work ourselves. We really try to promote not just the positivity we create for folks who use our platform, but for the broader society that we live in and are supported by."
Axios
3 days ago
- Axios
Costco changing hours for executive members on June 30
Costco is rolling out earlier shopping hours for executive members at U.S. warehouses — a subtle but significant shift nearly a year after raising membership fees for the first time since 2017. Why it matters: The perk is a way to add value to the membership club's top tier and potentially increase the ranks of executive members who make up a higher percentage of sales. Executive members make up more than 47% of Costco's paid memberships but represent 73.1% of sales globally, Costco CFO Gary Millerchip said on a May 29 earnings call. The big picture: The move mirrors a tactic from rival Sam's Club, which has long offered exclusive hours and extra perks to its premium-tier members. Costco previously had early hours for executive members and during the pandemic opened early some days for seniors and members with disabilities. When do Costco executive member hours start? Zoom in: Costco said in an email to members that the new executive member benefits are effective Monday, June 30. Warehouses will open at 9am daily exclusively for executive members. Another new benefit is a $10 monthly credit on same-day or Costco via Instacart orders of $150 or more. New Costco early executive shopping hours The following are Costco's new early shopping hours: Monday to Friday: 9am to 10am Saturday: 9am to 9:30am Sunday: 9am to 10am Yes, but: Locations that had been open at 9am for all members will also make a change. "Our U.S. locations that currently open at 9 am, will transition June 30th to limiting access to Executive Members only during the times outlined," Costco said in a comment on its Instagram post. Clubs will open at 10am weekdays and Sundays for all members and 9:30am on Saturdays. Costco's business centers and gas stations are not affected with the changes. Costco Saturday hours extended for all members What's next: Costco said that "U.S. warehouses will stay open one extra hour on Saturdays, closing at 7 pm for all members." Costco membership cost, executive member benefits Flashback: Costco increased membership fees for both Gold Star and Executive tiers by $5 and $10 respectively, effective Sept. 1, 2024. Gold Star and business membership fees are $65, up from $60. Executive membership fees are double the basic membership's price but members earn a 2% reward on eligible purchases. The $130 annual fee is up from $120. The special hours come after the wholesale club's membership card sharing crackdown went national with scanners at club entrances. The scanners can identify which membership level a member has.
