We recently published a list of 10 Stocks That Analysts Think Will Go Up. In this article, we are going to take a look at where Altice USA, Inc. (NYSE:ATUS) stands against other stocks that analysts think will go up.
The S&P 500 index touched an all-time high this week as Mark Zuckerberg’s company’s 20-day streak finally came to an end, adding $320 billion to the company’s market cap. The semiconductor stocks once again drove the broader market. However, as the rally cools down, the focus is shifting back to Donald Trump’s tariffs. Automobiles, pharmaceuticals, and semiconductor companies are expected to be hit in the next wave of tariffs which has forced investors to rethink their strategies.
As investors and analysts try to figure out where the market is headed, some companies are more likely to go up in share price than others. We looked through the recent analyst upgrades and shortlisted 10 companies that are likely to go up according to analysts. We also looked at the factors driving this analyst optimism.
To come up with the list of 10 stocks that analysts think will go up, we only considered stocks with a market cap of at least $1 billion that were upgraded this week.
A customer watching a movie on their HD television through a video-on-demand service.
Altice USA, Inc. (NYSE:ATUS)
Altice USA, Inc. (NYSE:ATUS) is a video and broadband communications services provider under the Optimum brand name. The company offers telephony, broadband, video, and mobile services to business and residential customers. The stock was upgraded from Market Perform to Outperform with a price target of $3.5, mainly due to the management’s strategic stance.
Altice USA (NYSE:ATUS)’s management is making some organizational changes that will help it improve customer care and reach more low-income customers. It is expected that the company will be able to slow down subscriber losses and return to growth:
“We believe the visibility on those changes, along with new initiatives this year, can show tangible results in the next 18 months.”
The stock is already up 19% this year so far, despite an earnings miss just a week ago. The company reported an EPS of -$0.12, missing the analyst estimates by $0.16. Notably, the news and advertising revenue grew 23% YoY in the fourth quarter.
Overall, ATUS ranks 10th on our list of stocks that analysts think will go up. While we acknowledge the potential of ATUS as a leading AI investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as ATUS but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.