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Wall Street's Stock Picks: Buy, Sell, or Hold?
15 Dec
Summary
- Kyndryl stock has a consensus price target suggesting a 40% return.
- Ibotta app offers cash back on purchases through its mobile platform.
- WisdomTree manages exchange-traded funds and investment products.
Wall Street analysts are predominantly bullish on specific stocks, projecting significant upside from current price targets. It is important to note that analyst sell ratings are infrequent, often influenced by firms seeking additional business from covered companies.
Kyndryl (KD), the world's largest IT infrastructure services provider, is trading at $26.86 per share with a 40% implied return according to consensus price targets. Despite this optimistic outlook, independent analysis suggests better investment opportunities exist, urging caution with this spinoff from IBM.
In contrast, Ibotta (IBTA), a mobile shopping app offering cash back, and WisdomTree (WT), a financial services company specializing in ETFs, are highlighted as stocks with robust fundamentals. Ibotta is trading at $21.63 per share with an 18.2x forward P/E, while WisdomTree has a consensus price target suggesting a 25.2% implied return.
