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Well, look who got on the dragon of the SpaceX crew: Baby Yoda


Bank of America: 3 high-value stocks that you can buy now

The prospect of a vaccine against COVID-19 coming to market in the coming months – not years – and the chance it offers to control the new virus has investors willing to buy and feed market profits. The S&P 500 has grown by more than 10% so far in November. So which stocks should you consider now? Bank of America analysts have identified three technology-oriented stocks as likely gains. All three fit into a profile: they boast a consensus rating of analysts Strong Buy and BofA sees their potential to increase, starting at 30% and moving from there. Wix.com, Ltd. (WIX) We̵

7;ll start with Wix, DIY when building websites. Since taking the stage 14 years ago, the company has built a reputation as a one-stop shop for building websites, building its freemium business, offering customers – not necessarily website experts – the ability to build and maintain a website – for free. . More advanced tools and support are available through the subscription service. This is a viable model that meets real needs, as evidenced by the company’s annual revenue of over $ 700 million. Specifically, WIX shares have risen 95% year-on-year, with growth really starting in May. Wix’s quarterly revenue also shows a growth pattern until 2020 with consecutive gains in Q1, Q2 and Q3. The figure for the third quarter reached 254 million dollars. Covering Wix for BofA, 5-star analyst Nat Schindler writes: “We see a great opportunity for Wix to continue its strong momentum when the business moves online. Wix’s commitment to maintaining its aggressive marketing boost must ultimately lead to a significant opportunity to increase revenue in recent years … we expect marketing efforts in 2020 to leave Wix in a strong position towards 2021. According to his comments, Schindler valued WIX a Buy, and his $ 350 target is expected to increase by 47% over the next 12 months. (To view Schindler’s record, click here) Overall, Wix shares have a consensus among Strong Buy analysts based on 8 reviews divided into 7 purchases and 1 retention. The shares are selling for $ 238.27, and the target for the average price of $ 323.13 suggests room for growth by 35% next year. (See Wix stock analysis for TipRanks) Peloton Interactive (PTON) Then, Peloton, is a manufacturer of high-quality exercise equipment. Peloton home ergometers offer users the opportunity to connect online with classes, instructors, music and other content designed to make spinning more durable at home. Exercise is a necessity, but we all know how difficult it can be to stick to a regimen on your own; Peloton uses connected technology to fill the gap for high-current customers who want to spend extra to stay in shape and comply with social locking rules. 5-star analyst Justin Post, ranked 26 in the TipRanks database, wrote a note from Bank of America Peloton and he sees both a stable position and a clear path forward for the company. “[We] I think Peloton builds an advantage in content that starts with its first-class instructors. Peloton’s deal with Beyoncé will add new first-class content and we can imagine deals with other recorders and sports personalities … We also note that the 25-34 band is the fastest growing segment for Peloton bike users, a huge opportunity for Peloton. When the demand for bicycles eventually slows down, Peloton can reduce the ASP of bicycles, launch CPO (Certified Pre-owner) bicycles and add more targeted partnerships for content that should further unlock demand in this age group. writes PostPost gives the stock a price price of $ 150, which suggests 49% up for a year and rates it as Buy. (To view Post’s record, click here) The Strong Buy analyst consensus estimate for Peloton is based on at least 22 Buy reviews that exceed 3 retentions and 1 sale. The average price of PTON is $ 133.12, which is 32% higher than the current trading price of $ 100.30. (See TipRanks PTON Stock Analysis) Avalara, Inc. (AVLR) Last but not least is Avalara, a provider of cloud-based software to automate business tax compliance. Tax codes – especially across international borders or other jurisdictional borders – are complex and Avalara self-invoices as a solution for small and medium-sized businesses, remaining in compliance with various laws. The company’s platform integrates business, tax and accounting applications for customers around the world. And at a time when it may not be possible for a small business to simply contact the taxman and make an appointment to review the books, an automated solution can be a lifesaver. In his note on BofA shares, Brad Sills, another of the company’s 5-star analysts, sees what he describes as a “long runway for growth.” “Billings accelerated to 30% + from 22% in the second quarter and pointed to that Avalara is a beneficiary of the acceptance of multi-channel sales in SMEs, which leads to greater complexity in calculating and filing sales tax. “Although the quarter has benefited from some restraint in demand, we believe that these main drivers of demand are sustainable in the long run, given the increased pressure on tax compliance by states and local authorities,” Sills said. Sills valued AVLR’s stock as a purchase, calling it the best choice. Its $ 200 price tag shows confidence in 32% growth ahead. (To view the Sills record, click here) Overall, Avalara’s strong buy rating by consensus analysts is unanimous, with 10 purchases behind it. The stock sells for $ 151, and its target for an average price of $ 186.3 suggests an increase of ~ 22% over the next 12 months. (See an analysis of AVLR’s stock in TipRanks.) To find good ideas for technology stocks trading at attractive ratings, visit TipRanks’s Best Buy Stock, a newly created tool that brings together all insights into TipRanks ownership. Disclaimer: The views expressed in this article are those of the analysts submitted. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

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