Global Courant
Wall Street analysts pounded the table this week for a slew of buy-rated stocks. With summer just around the corner, analysts said there are plenty of top companies for investors to choose from. CNBC Pro combed through the top Wall Street research to find the must-have stocks for the summer. They include: MarketAxess, Bowlero, Zillow, Liberty Media Formula One and Booking. Bowlero Stifel analyst Steven Wieczynski doubles shares of the bowling company following a recent meeting with company management. The company also added Bowlero to its Stifel Select List earlier this week, warning investors not to overlook the stock despite coming under “tremendous pressure”. “We come away with an even greater conviction of this story/stock and believe stocks remain massively undervalued,” he said of the meeting with company executives. Wieczynski noted that there is already a consumer slowdown baked into the stock, which should give shareholders some comfort. Also not getting enough attention is Bowlero’s underappreciated acquisition of Lucky Strike, which Wieczynski says has a huge advantage. Meanwhile, as consumers begin to pull back, Wieczynski is now confident that management has plans. “We view BOWL as uniquely well equipped to weather a recession as well or better than the rest of our coverage, both in terms of the appeal of the company’s core product and the leverages management can use to protect profitability in the event of top-line contraction,” he said. Shares of Bowlero are down 11.2% this year. Zillow According to Stephens analyst John Campbell, a “tempting buying opportunity” remains in Zillow. The company said earlier this week that there is no shortage of positive catalysts for the online real estate company. Zillow executes management, he said, primarily by focusing on a “five-pillar” strategy. “As for the moving parts, these initiatives are designed to: increase engagement, increase transaction volume, and increase revenue per transaction, all of which must increase before ZG has a chance of meeting its 2025 financial goals,” he said. But even if the company falls short of its long-term financial goals, Campbell said investors should stick with the stock. “ZG getting halfway through its EBITDA target would equate to a stock trading at
These “undervalued” and “enticing” stocks are screaming buys
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