Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Science https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ The human brain looks suspiciously like the universe that can scare you

The human brain looks suspiciously like the universe that can scare you



TipRanks

Analysts say these 3 stocks are their best offerings for 2021.

The year is coming to an end and it’s time for Wall Street analysts to start marking their best proposals for next year. It is a time-honored tradition in most areas of life to sometimes look with the tongue at what is to come and start giving advice on how to say a metaphorical crystal ball. Analysts analyze each stock carefully, looking at its past and present performance, its trends in different time frames, management plans ̵

1; analysts take everything into account. Their recommendations provide valuable guidance for building a sustainable portfolio in the new year. As usual, TipRanks collected and compared the data in the best offers and made it available to investors. The choice of shares and their data make some interesting choices. Let’s take a closer look. UTZ Brands (UTZ) UTZ Brands is a well-known label in the eastern United States. The company is known for its range of snacks, salty varieties, not sweets. The company’s food line, including pretzels, potato chips, snack mixes and popcorn, are common choices at vending machines. In August, UTZ (then known as Utz Quality Foods) completed a business combination agreement with Collier Creek, a special purpose vehicle. The combination brought the reputable snack company into public trade. Most recently, UTZ published strong Q3 results and announced that it had entered into an agreement to acquire rival competitor Truco. The quarterly results were first released on November 5, showing $ 248 million in net sales, an annual gain of 24%, along with a 23% annual gain in gross profit. A week later, UTZ and Truco announced a $ 480 million acquisition agreement that would introduce the Tortilla chip and salsa brand “At the Border” to UTZ’s product line. Covering this stock for Oppenheimer, 5-star analyst Rupesh Parich, who sees a clear path forward for the company. “[Following] the company’s announcement on 11/12 to acquire Truco Enterprises, [we] “Overall, they look very favorably on the deal’s economy, the possibility of synergies, the leverage of the attractive tortilla category, including ancillary products (salsa and cassowary), and convincing growth prospects for the brand,” Parich said. We believe that the company is in a good position to strive for at least 3-4% growth in organic sales and 6-8% growth in EBITDA with a greater option than strategic acquisitions, “the analyst concluded. To this end, UTZ remains Parikh’s best food choice with a small cap The analyst estimates stocks better (ie Buy) along with a price tag of $ 24. This figure suggests an increase of 28% compared to current levels. Parikh, click here) Overall, Wall Street likes this stock, gaining a stellar consensus analyst rating – Strong buy from 6 analysts tracked by TipRanks over the past 3 months, 6 are up for UTZ, while only one is left out. return of ~ 16%, the consensus share price is $ 21.71 (See UTZ stock analysis for TipRanks) RingCentr al, Inc. (RNG) From savory snacks to telecommunications technology, RingCentral is a business communications company. based in the region ak. The company’s products are software platform packages that combine telephone and computer systems. The flagship product platform RingCentral Office allows the communication system to be compatible with other popular business applications, including DropBox, Google Docs, Outlook and Salesforce. RNG also offers unique features needed for communication systems: call forwarding, phone extensions, video calling and screen sharing. Much of today’s business world is problem-solving, and RingCentral does just that for its customers – and the results are clear in revenue and inventory performance. The top line number increased in 2020, with third-quarter revenue reaching $ 303 million for 9.3% consecutive profit. The shares recovered easily from the COVID seizure in mid-winter and the shares are trading up 76% so far this year. On the downside, RingCentral operates at a net loss and this net loss deepens even as revenue increases and the stock is valued. EPS’s third-quarter loss reached 24 cents. James Fish, a 5-star analyst for Piper Sandler, wrote the RNG review and is optimistic about the company’s future. RingCentral is gaining new customers and expanding with existing ones, given its ability to converge in the communication software stack, including the contact center … we continue to recommend RingCentral as one of the “top 4” in our coverage and name to have for the next few years, “said Fish. As a result, Fish repeats RNG as his best choice. The analyst evaluates the shares as overweight (ie buying) along with a price price of $ 362. At current levels, this shows a possible growth of 21% for next year. (To watch the Fish record, click here) Overall, RingCentral has 10 recent reviews, including 9 purchases and 1 hold, making analysts’ consensus a strong purchase. The average price price is $ 337.22, which implies an increase of 13% compared to the current trading price of $ 297.79. (See TipRanks RNG Stock Analysis) DraftKings, Inc. (DKNG) The world of fantasy sports is helping to get fans involved in the games, and now that the professional leagues have resumed the game – albeit for short seasons, in honor of the coronavirus – DraftKings, which take fantasy leagues online, is winning. In addition to creating a fantasy league, DraftKings offers sports betting, and the company’s online model fits well with the social distance constraints imposed to combat the virus’s ongoing health crisis. In the third quarter, the results of which were reported earlier this month, DraftKings had very good news. Revenues of $ 133 million exceed the forecast by $ 1 million, and the net loss per share is not as large as analysts feared. The company reported a key indicator – monthly unique players – exceeding 1 million, which is an important stage. Looking ahead, DraftKings is revising its fiscal 2020 guidance upwards, by 5.7% in the middle of the range, to $ 540 million to $ 560 million. The average point for revenue expectations in 2021 is even higher – $ 800 million. As noted, these gains come after the major sports leagues returned to play. But that’s not the only key here. DraftKings operates in 19 states plus DC – the jurisdictions that allow legal online sports betting. But an additional eight countries are at various stages of legalizing the DraftKings niche, and the company looks forward to expanding its operations. Summarizing the prospects for DraftKings, Rosenblatt analyst Bernie McTernan writes.[DKNG] remains the best choice in our Consumer Tech coverage. The results for the third quarter will continue with the revisions of the positive revenue assessment, given the better-than-expected guidance for 20E and 21E. We are at the top of the 21E range, which we believe is achievable, with our at least MI and VA expected to enter the network. “EBITDA, but hopefully, the company points out that NJ, their most mature market, is in a similar place to where they previously hoped it would be for its jump in profitability.” McTernan estimates DKNG for the purchase, and its goal for ($ 65 suggests a strong 41% year-over.) (To view McTernan’s record, click here) There are a total of 19 DraftKings reviews, including 13 purchases and 6 retentions, which give stocks a moderate buy rating by analyst consensus The stock is currently priced at $ 46.24 and has an average price price of $ 59, making the potential for a 38% increase next year. (See DKNG stock analysis for TipRanks.) To find good trading ideas for Attractive Valuable Shares, visit TipRanks Best Buy Shares, a newly created tool that brings together all insights into TipRanks ownership. The device is intended to be used for information purposes only. It is very important to do your own analysis before making any investment.


Source link