Three stocks favored by top Wall Street analysts include Uber Technologies, Alphabet, and Sea Group. Uber is expected to report 17% YoY growth in gross bookings and revenue growth of 18%, while Alphabet's Q2 earnings are expected to show 10% YoY growth in revenue. Sea Group is expected to report a 19% YoY increase in revenue. Analysts remain optimistic despite challenges such as tariffs and economic uncertainty.
Top Wall Street analysts are bullish on three stocks—Uber Technologies, Alphabet, and Sea Group—despite ongoing economic challenges such as tariffs and uncertainty. Here's a breakdown of their expectations and the latest analyst ratings.
Uber Technologies (UBER)
Uber Technologies Inc. is expected to report 17% year-over-year (YoY) growth in gross bookings and revenue growth of 18% for the latest quarter. The company has formed a strategic partnership with Baidu to expand its autonomous vehicle initiatives, which analysts believe will boost its stock price. According to MarketBeat, the consensus rating for Uber is "Moderate Buy" based on 39 analyst ratings, with 27 analysts giving a "Buy" rating and 12 giving a "Hold" rating [1]. The average one-year price target is $97.63, representing a 7.79% upside from the current price of $90.57.
Alphabet Inc. (GOOGL)
Alphabet Inc., the parent company of Google, is scheduled to report its second-quarter earnings after the closing bell on Wednesday. Analysts are largely bullish on Alphabet, with 15 out of 19 covering the stock having a "Buy" or equivalent rating. The consensus price target is near $200, implying nearly 9% upside from the stock's Thursday close. Alphabet's Q2 earnings are expected to show 10% YoY growth in revenue [3]. Despite a potential antitrust ruling next month, analysts remain optimistic about Alphabet's competitive position in AI.
Sea Group (SE)
Sea Group is expected to report a 19% YoY increase in revenue for the latest quarter. The company's stock has been favored by analysts, with a consensus rating of "Outperform" from 54 brokerage firms. The average one-year price target is $77.63, implying a downside of 17.32% from the current price of $93.89 [2].
References
[1] https://www.marketbeat.com/stocks/NYSE/UBER/forecast/
[2] https://www.gurufocus.com/news/2977620/uber-uber-partners-with-baidu-for-autonomous-vehicle-expansion
[3] https://www.investopedia.com/what-analysts-think-of-google-parent-alphabet-stock-ahead-of-earnings-11774904
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