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To select the stocks of such companies that have attractive growth potential, investors can track the recommendations of Wall Street's experts. Here are three stocks favored by the Street's top analysts, according to TipRanks, a platform that ranks analysts based on their past performance. The company recently announced upbeat results for the fourth quarter of 2023 and raised its 2024 subscription revenue and operating margin guidance. "Overall, we believe that paid sharing and advertising would help re-accelerate subscriber and revenue growth while driving high-margin incremental revenue," said Mittal. The analyst also highlighted that while Netflix saw a sixth consecutive quarter of subscriber growth, rival Disney's (DIS) subscriber base has declined for three straight quarters.
Persons: Mike Blake, Wall, ServiceNow, Baird, Robert Oliver, ServiceNow's cRPO, Oliver, TipRanks, Sachin Mittal, Mittal, Bob Iger's, NFLX, Rivian Organizations: U.S, Federal Reserve, TAM, Netflix Locations: Los Angeles
Farallon is not an activist investor but will pursue an activist agenda when it feels forced to do so. As the strategy of shareholder activism has become more mainstream, it has been utilized by a larger breadth of investors. The firm has been a shareholder of Exelixis since 2018 and is just now going public with their concerns. Farallon would also like to see Exelixis commit to a much larger share repurchase program than the $550 million it has announced. Farallon is nominating only three directors to this board, and it befuddles us as to how Exelixis does not see this as a gift.
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