From Nasdaq: 2024-12-18 08:42:00

NVIDIA (NASDAQ: NVDA) falls from Most Upgraded Stock list at end of Q3 earnings season, signaling broadening rally in equities. Consumer names and AI companies rank higher due to second wave of AI implementation, expected to grow faster and larger than infrastructure.

Walmart (NYSE: WMT) emerges as Most Upgraded Stock post Q3 earnings season with 38 positive revisions in 90 days. Strong performance includes outperforming competition, solid margins, improving guidance, and robust capital returns. Analysts predict potential move to $115 with catalysts like failed Kroger-Albertson’s merger benefiting Walmart’s grocery business.

Meta Platforms (NASDAQ: META) moves to 2nd position on Most Upgraded Stock list with 37 positive revisions in quarter. Strong Q3 results with 19% top-line growth and AI-driven bottom-line gains drive engagement and monetization. Analysts rate as Moderate Buy with consensus target near $800, offering around 30% upside.

Salesforce (NYSE: CRM) shines as best-positioned AI service company, leading in integrated CRM services. Q3 results show sustained growth, leveraged bottom-line results, and capital returns offsetting weaker earnings. Stock receives 37 positive revisions in Q4, with consensus target implying low-single-digit increase from $355 level but trending higher towards $450 in 2025.



Read more at Nasdaq:: Q4’s Most Upgraded Stocks: Promising Buys for 2025