The markets are on shaky ground, and the latest scorching inflation data has only worsened things, creating a sense of hopelessness for some investors. The CPI (consumer price index) increased 8.6% from a year earlier last month, marking the largest increase since December of 1981. The news stoked fears of a recession, and bond rates surged on Friday as a result.
For investors, the situation is problematic, but it’s critical that they maintain an open-minded long-term perspective and look past the current market turbulence. According to TipRanks, which rates the best-performing Wall Street experts, top analysts and informed investors have chosen equities with promising prospects. Long-term gains are attractive right now, and the hope is to flourish when utilizing them or simply having faith in their ability to provide returns.
Now, I’ve narrowed it down to my three favorites; they also happen to be tickers that the experts consider safe bets to add to even the most delicate of portfolios:
Credo Technology Group Ltd (CRDO)
Credo Technology Group Ltd (CRDO), based in the U.S., Mexico, Malaysia, Hong Kong, and elsewhere, offers a variety of high-speed connectivity solutions for optical and electrical Ethernet applications. Integrated circuits, active electrical cables, and SerDes chiplets are among CRDO‘s products, which are based on unique technology. SerDes IP licensing is one of the company’s intellectual property offerings. CRDO is headquartered in San Jose, CA, and was launched in 2008.
CRDO has shown resilience during market volatility, despite a few minor struggles. CRDO has an estimated $64.4 million in revenue. According to analysts, this upward trend isn’t going anywhere right now. CRDO most recently exceeded Wall Street’s earnings report expectations; the company beat EPS projections by a whopping 336.20% and revenue by 3.23%. CRDO shows year-over-year revenue growth of 90.01% and EPS growth of 20%. Analysts have offered 12-month price estimates for CRDO. The average price goal is 17.92, with a high of 20.00 and a low of 15.00. The average price forecast is a 44.28% increase over the previous price, and the consensus is also firmly behind CRDO’s buy rating.
American Tower Corp (AMT)
American Tower Corporation (AMT) is an American real estate investment trust (REIT) and an owner and operator of wireless and broadcast communications infrastructure in several countries worldwide. AMT is headquartered in Boston, MA, and is ranked 410th on the Fortune 500. As of December 31st, 2021, AMT owned 199,330 communications sites, including 27,494 sites in the U.S. and Canada. There were other locations worldwide, such as sites in Asia and areas in Europe, Africa, and Latin America. Either way, AMT has shown resilience in the face of adversity during these last couple of years with the pandemic.
AMT has performed well on the stock exchange and, as I noted above, has had a worldwide impact. It recently bested analysts’ estimates in the last earnings report, beating EPS forecasts by 38.84% and revenue by 1.82%. AMT has been beating experts’ predictions easily. Exceeding Wall Street’s expectations for four or more consecutive quarters says a lot. AMT shows year-over-year growth in crucial categories: Revenue – 23.15%, Diluted EPS – 7.59%. Analysts offering 12-month price forecasts for AMT have a median target of 285.00, with a high of 336.00 and a low of 245.00. The median estimate represents a 21.51% increase from its last price, and the experts agree that now is a wise time to buy shares in AMT. And let’s not forget that AMT has a dividend yield of 2.46%, with a quarterly payout of $1.43 per share.
Ambarella Inc (AMBA)
Ambarella, Inc (AMBA) is a fabless semiconductor design firm specializing in low-power, high-definition, ultra-high-definition video compression, image processing, and computer vision processors. Video surveillance, sophisticated driver assistance systems, electronic mirrors, drive recorders, driver and in-cabin monitoring, autonomous driving, and robotics applications all make great use of AMBA’s technology. Cameras can extract data from high-resolution video streams using AMBA‘s chips, combining video compression, image processing, and computer vision capability with low-power operations.
AMBA’s only real struggle is that it’s still waiting for the supply chain issues to cool down soon because it is still a problem for many businesses. Regardless, AMBA has the numbers to support its success and bright future. AMBA, like AMT, has an impressive history of coming out on top against what analysts predict for the business. In its last fiscal quarterly report, AMBA beat EPS expectations by 19.34%, and its growth forecasts have only become more robust, making for a dependable stock. AMBA shows year-over-year growth in the right areas; Revenue – 28.76%, EPS – 3.33%, Net Profit Margin – 22.31%. Analysts offering 12-month price forecasts for AMBA have a median target of 120.00, with a high of 150.00 and a low of 85.00. The estimate represents a 74.49% increase from current pricing, and AMBA has earned an appropriately confident buy rating that commands our attention.
