Top Wall Street analysts look to pick stocks of companies that are backed by strong financials, reliable business models and that boast attractive product offerings.
With that in mind, here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance.
ServiceNowThis week's first pick is artificial intelligence-enabled workflow automation software company ServiceNow (NOW).
Following a virtual fireside chat with ServiceNow's CFO Gina Mastantuono, Mizuho analyst Gregg Moskowitz reiterated a buy rating on NOW stock.
The analyst also raised the price target to $1,070 from $980 to account for the rise in comparative valuation multiples.
Persons:
Rafael Enrique, Lightrocket, Donald Trump, Gina Mastantuono, Gregg Moskowitz, Moskowitz, TipRanks, TD Cowen, Derrick Wood, Wood, Twilio
Organizations:
Wall, Mizuho, ServiceNow's
Locations:
Snowflake's, Snowflake