Against that uncertain backdrop, Wall Street analysts are focused on identifying stocks with solid fundamentals and strong long-term growth prospects.
In that climate, here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance.
Finally, Feinseth mentioned Microsoft's strong financial position, which supports enhanced shareholder returns and enables investments in the company's AI ambitions.
The company's Zscaler Zero Trust Exchange platform securely connects users, devices and applications by protecting them from cyberattacks and data loss.
Following the Zenith Live 2024 event, Baird analyst Shrenik Kothari reaffirmed a buy rating on Zscaler stock with a price target of $260.
Persons:
Kevin Scott, TD Cowen, Helane Becker, Becker, TipRanks, OpenAI, Ivan Feinseth, Feinseth, Baird, Shrenik Kothari, Zscaler, Kothari
Organizations:
Microsoft, Technology, Artificial, Seattle Convention Center, Federal Reserve, Street, Delta Air, Delta Air Lines, DAL, Delta, Activision Blizzard, Zero, Zenith
Locations:
Seattle, Seattle , Washington, Toronto, Delta