Stocks started the year on stable footing. Investors ignored the chance of growing omicron cases, and the Fed tightening its monetary policy.
These macroeconomic aspects can confuse even experienced investors, mainly as they set their portfolios for the longer term. A financial data aggregation website, TipRanks, delivers various tools for investors to look further into short-term market volatility.
Here are stocks with solid long-term potential that Wall Street analysts value this year.
Specialized semiconductors have been in high demand in e-commerce and nearly all industries. The vast majority of components used in manufacturing the chips are developed in East Asia, although Intel is trying to fill the domestic gap. Among bullish analysts is Ivan Feinseth, who recently spelled out many reasons for his optimistic view. Feinseth anticipated that Intel would regain its predominant position in cloud infrastructure markets and data centers.
Another industry supported by stay-at-home trends is educational tech that saw several businesses’ valuations hit highs. At the same time, as the vaccination process progressed, investor interest moved away.
One of these stocks is Coursera, which has witnessed its valuation drop about 46% since going public at the beginning of 2021. Now, top analysts see a discount opportunity.
Ryan MacDonald of Needham & Co. declared Coursera as one of the company’s top picks this new year. He published a bullish report on the stock.
Apple is considered the world’s most valuable company by market cap. It surpassed another milestone, a $3 trillion valuation. In the face of a global semiconductor shortage, all this mainly affects smartphone manufacturers.
Dan Ives of Wedbush Securities rated the stock a Buy. He assigned a price target of $200. He forecasts an addressable market worth nearly $1.5 trillion. The analyst explained that consumer demand might outpace supply by 12 million units.
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