In this article, we discuss the 5 stocks recommended by analysts in September. If you want to see some more stocks recently recommended by analysts, go directly to Wall Street Analysts are Recommending These 10 Stocks in September.
5. Mettler-Toledo International Inc. (NYSE:MTD)
Number of Hedge Fund Holders: 39
Mettler-Toledo International Inc. (NYSE:MTD) is known for its weighing instruments used across various laboratories, industries and retail food outlets. The Ohio-based company received an upgrade from Stifel on Tuesday, September 6, 2022.
Stifel analyst Daniel Arias upgraded Mettler-Toledo International Inc. (NYSE:MTD) from “Hold” to “Buy,” and set a price target of $1,500 per share for the stock. Arias recommended investors buy the stock considering a 30 percent drop in its value on a year-to-date basis. He expressed optimism over the growth prospects of Mettler-Toledo International Inc. (NYSE:MTD) over the next 12 months.
4. Moderna, Inc. (NASDAQ:MRNA)
Number of Hedge Fund Holders: 45
Shares of Moderna, Inc. (NASDAQ:MRNA) rose nearly two percent in the extended hours on Wednesday, September 7, 2022, after Deutsche Bank upgraded the Massachusetts-based biotechnology firm from “Hold” to “Buy.”
Deutsche Bank analyst Emmanuel Papadakis was moved by the company’s solid performance in the second quarter. He has a price target of $165 per share for Moderna, Inc. (NASDAQ:MRNA).
Last month, Moderna, Inc. (NASDAQ:MRNA) posted better-than-expected results for Q2. Its adjusted earnings of $5.24 per share easily surpassed the consensus of $4.55 per share. Moreover, the quarterly revenue of $4.7 billion was also better than the expectations of $4.1 billion.
3. Tesla, Inc. (NASDAQ:TSLA)
Number of Hedge Fund Holders: 72
Wolfe Research analyst Rod Lache improved his ratings for Tesla, Inc. (NASDAQ:TSLA) from “Peer Perform” to “Outperform,” and issued a price target of $360 on Tuesday, September 6, 2022.
Lache pointed towards the recently passed Inflation Reduction Act and how electric vehicle makers, like Tesla, Inc. (NASDAQ:TSLA), could benefit from it. He also raised his 2023 earnings projection to $7.40 per share, from his previous estimate of $6.12 per share.
Separately, Tesla, Inc. (NASDAQ:TSLA) also appeared in the second-quarter 2022 investor letter of asset management firm Baron Funds. Here’s what the firm said:
“In 2014, before we began to invest in Tesla (NASDAQ:TSLA), I called Roger to ask whether he thought Elon Musk’s electric car business would succeed. I did not believe that Roger, an owner of dealerships that sell cars powered by internal combustion engines (ICE) would likely have a favorable opinion of Tesla’s prospects. That was principally for two reasons….” (Click here to see the full text)
2. Netflix, Inc. (NASDAQ:NFLX)
Number of Hedge Fund Holders: 95
Macquarie analyst Tim Nollen raised his ratings for Netflix, Inc. (NASDAQ:NFLX) from “Underperform” to “Neutral” on Wednesday, September 7, 2022. Nollen expressed optimism over the company’s upside potential in the long term.
He believes Netflix, Inc. (NASDAQ:NFLX) could achieve up to $3.6 billion in ad sales in the U.S. and Canada by 2025. Nollen also lifted his price target for Netflix, Inc. (NASDAQ:NFLX) from $170 per share to $230 per share.
Netflix, Inc. (NASDAQ:NFLX) is looking to roll out a new ad-supported tier. Rumors are that the company could price the tier between $7 – $9 per month, significantly lower than its standard ad-free plan that costs around $15.49. The ad-supported tier would help Netflix, Inc. (NASDAQ:NFLX) attract users seeking a lower monthly price.
1. Salesforce, Inc. (NYSE:CRM)
Number of Hedge Fund Holders: 116
Guggenheim improved its ratings for Salesforce, Inc. (NYSE:CRM) from “Sell” to “Neutral” on Friday, September 2, 2022. Guggenheim analyst John DiFucci thinks the troubles faced by the company are already mirrored in the stock price.
DiFucci stated that Salesforce, Inc. (NYSE:CRM) shares are down about 20 percent since he commenced coverage of the cloud-based software company last month. DiFucci kept his price target of $150 per share for Salesforce, Inc. (NYSE:CRM).
Meanwhile, investment management firm Vulcan Value Partners also talked about Salesforce, Inc. (NYSE:CRM) in its first-quarter 2022 investor letter, stating:
“Salesforce.com Inc. is the dominant provider of customer relationship management software and technology. Salesforce has high retention rates, pricing power, high free cash flow, and a competitive moat. The company continues to execute well. Margins decreased slightly during the fourth quarter but continue to be on path for material expansion over the long term. Salesforce is seeing increased spending as employees are returning to the office, and we believe the global pandemic has only improved its prospects.”
You can also take a peek at 10 Medical Marijuana Stocks To Buy Now and 10 Best Cyclical Stocks for Inflation.
