Wall Street analysts are ignoring the short-term noise to focus on picking stocks with strong fundamentals and long-term growth potential.
Here are three stocks favored by the Street's top analysts, according to TipRanks, a platform that ranks analysts based on their past performance.
In reaction to the upbeat results, Baird analyst David Tarantino reiterated a buy rating on CMG stock and boosted the price target to $2,850 from $2,650.
He thinks that this pace of unit growth, coupled with mid-single-digit comps, would help the company "sustain scarce top-line growth characteristics for many years to come."
Total comparable sales growth came in at 2.7%, with e-commerce comps rising 21%.
Persons:
Baird, David Tarantino, Tarantino, TipRanks, Meta's, Brian White, White, Meta, Peter Benedict, Benedict
Organizations:
Street, Grill, Meta, Costco
Locations:
Manhattan , New York, U.S, Canada