3 New Strong Buy Ratings from Top-Rated Analysts: 12/26/2024
Looking for some fresh investment ideas to close out the year? Keep reading. Broadcom Inc. (NASDAQ: AVGO) has analyst support despite already staggering gains. Fox Corp. (NASDAQ: FOXA) is making strides for an excellent 2025. MasTec Inc. (NYSE: MTZ) continues to make the world go round. Keep reading for more. Gain access to dozens of alerts like this per week — 👉👉 Try WallStreetZen Premium
1- Fox Corp. (NASDAQ: FOXA)
Yes, it’s probably the Fox you’re thinking of — the media corporation offering news, sports, and entertainment. With solid analyst support and excellent Zen Rating Component Grades in a variety of areas, this is one worth watching.
Zen Rating: A (Strong Buy) — see full analysis >
Recent Price: $49.53 — get current quote >
Max 1-year forecast: $58.00
Why we’re watching:
- Analyst support: Among the 15 analysts we track issuing ratings on FOXA, the stock enjoys a Buy consensus. See the ratings
- What are they saying? Here’s an example: Michael Ng of Goldman Sachs (a top 6% analyst) just raised their price target on FOXA from 11.8% from $51 to $57, while maintaining a Strong Buy rating.
- Following a meeting with Fox's management, the analyst reported bolstered confidence in the stock, and that they believe the company is in a good position to handle industry changes, citing the company's portfolio of high-quality sports and news networks.
- Supporting analyst sentiment, FOXA enjoys a Zen Rating of A (Strong Buy), meaning it’s in an elite class of stocks that have enjoyed historical returns of over 30% per year.
- Among the stock’s high points, as reflected by the 7 Component Grades that play into the Zen Rating, FOXA has above-average ratings for Value, Sentiment, Safety, and Financials, suggesting this is a pick with solid, well-rounded fundamentals. (See all 7 Zen Component Grades here >)
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2- Broadcom Inc. (NASDAQ: AVGO)
Broadcom designs and develops semiconductor devices that make the AI revolution possible. Some consider AVGO as second banana to Nvidia, but as you’ll see below, it has plenty of selling points of its own.
Zen Rating: B (Buy) — see full analysis >
Recent Price: $220.79 — get current quote >
Max 1-year forecast: $265.00
Why we’re watching:
- Analyst support: Currently, 18 analysts we track are issuing ratings. 15 are Strong Buy, and 3 are Buy ratings — pretty unanimous support. See the ratings
- Notably, Joseph Moore of Morgan Stanley (a top 3% analyst) just raised their price target on AVGO by 13.7% from $233 to $265, while maintaining a Strong Buy rating.
- Moore reported that their update was catalyzed by a deep dive into their Technology (Semiconductors) sector coverage area.
- Although the AI industry is showing signs of "a U-shaped bottom continuing to play out elsewhere," the analyst said their "attractive assessment" of the group remained unchanged.
- Our proprietary quant rating system agrees with analysts: AVGO earns a B (Buy) Zen Rating, meaning it’s considered an above-average stock among the thousands of stocks we track.
- Of the 7 Component Grades that play into the overall Zen Rating, AVGO has impressive scores in two particular areas: Growth and Momentum, suggesting that this is a stock is on an upward trajectory that could continue in the future. (See all 7 Zen Component Grades here >)
3- MasTec Inc. (NYSE: MTZ)
MasTec specializes in stuff you probably don’t think about but that you need: underground and overhead distribution systems like trenches, conduits, cell towers, cable, and power lines. Since infrastructure demand is unlikely to wane, both analysts and our proprietary quant system agree: This one’s worth watching.
Zen Rating: B (Buy) — see full analysis >
Recent Price: $136.56 — get current quote >
Max 1-year forecast: $189.00
Why we’re watching:
- Analyst support: Currently, MTZ enjoys a Strong Buy consensus among the 12 analysts we track issuing ratings. It has zero Sell or Strong Sell ratings. See the ratings
- Jamie Cook of Truist Securities, who maintains a Strong Buy rating on MTZ, recently raised their price target on the stock by 9.2% from $173 to $189.
- The analyst predicted that infrastructure service names will continue to see long-term secular growth following a strong 2024, thanks to large-scale investments in renewable energy, data centers, life sciences, and infrastructure.
- Additionally, secular and stimulus plays are expected to continue outperforming in 2025, Cook told investors.
- Great Zen Rating: MTZ enjoys an overall Zen Rating of B (Buy), meaning htat based on a careful review of 115 individual factors proven to drive growth in stocks, this ranks in the upper tier of the stocks we track.
- Excellent Component Grades: Among the key Component Grades that factor into the overall rating, MTZ enjoys above-average scores for Growth, Momentum, and Sentiment, suggesting that the stock has above-average growth potential, appears to be on an upswing, and that experts agree that it’s a strong pick. (See all 7 Zen Component Grades here >)
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