3 New Strong Buy Ratings from Top-Rated Analysts [11/22/2024]

As a long-term investment, Alibaba (BABA) has had diminishing returns. The stock is down 54% in the past 5 years — but signs point to recovery. We've got the story below — plus, a price target increase for Vertiv Holdings (VRT) following a successful Investor Day event, and another "solid quarter" for Wix.com (WIX).

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1- Alibaba Group Holdings (NYSE: BABA)

Analyst/Firm: Jiong Shao / Barclays

Analyst ranking: Top 15% / average return +10.25% / win rate 47% 

Latest price: Click here 

Price target: $130.00 

• Despite lowering their price target on BABA from $137 to $130 on 11/19, Barclays's Jiong Shao maintains a Strong Buy rating on the stock. Here’s the story: 
• Alibaba recently reported earnings.
• Although investors were worried about the company's margins because of its current investment cycle, Shao highlighted that quarterly results were consistent with expectations.
• Assuming Alibaba maintains its quarterly $4B to $5B share repurchase program, the analyst believes that "the law of math will eventually work."
• Will BABA see 49% upside in the coming year? See what analysts have to say here.

2- Vertiv Holdings, Co. (NYSE: VRT) 

Analyst/Firm: Andy Kaplowitz / Citigroup

Analyst ranking: Top 1% / average return +30.1% / win rate 72% 

Latest price: Click here 

Price target: $141.00 

• Maintaining a Strong Buy rating, Citigroup's Andy Kaplowitz raised their price target on Vertiv Holdings Co (NYSE: VRT) by 5.2% from $134 to $141 on 11/19 following the company’s Investor Day event on 11/18.
• After attending, Kaplowitz said they hiked their price target because they believe the company's updated roadmap for the next several years should support continued stock price outperformance over time.
• The analyst explained that the updated roadmap included accelerated organic growth, a solid margin expansion runway, and a flexible capital allocation plan.
• Kaplowitz detailed that Vertiv Holding Co's long-term target of 12% to 14% annual organic growth through 2029 compared to expected market growth of 9% to 12% is achievable because of the company's (1) "one-stop" shop model, (2) established customer relationships and partnerships, and (3) strong global service offering.
• See why 7 analysts call VRT a Strong Buy. 

3- Wix.com (NASDAQ: WIX) 

Analyst/Firm: Trevor Young / Barclays

Analyst ranking: Top 22% / average return +5.92% / win rate 56% 

Latest price: Click here 

Price target: $236.00 

• Barclays's Trevor Young raised their price target on Wixcom (NASDAQ: WIX) by 28.3% from $184 to $236 on 11/21. The analyst maintained their Strong Buy rating on the stock.
• Wix.com reported its Q3 2024 earnings.
• Acknowledging "another solid quarter," Young nevertheless complained that they "had hoped self-creator would be growing a bit faster by now."
• That being said, however, the analyst added that the company's Partner and Business Solutions segments both accelerated against tough comps and that the company's free cash flow margin is quickly approaching 30%.
• Young highlighted that Wix.com is close to achieving $500M in free cash flow in 2024, a year ahead of management's prior long-term guidance.
• See why 8 analysts rate WIX a Strong Buy. 

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