Your weekend brief: Wall Street's top analysts say stocks like Qualcomm and Spotify have compelling upside potential
delivered historic Q2 results with +16.2% comps, all-time high EBIT margins and a +62% EPS beat " he commented on July 29, noting that the results exceeded even the most bullish buyside expectations
Net-net, O'Reilly's defensive characteristics, non-discretionary assortment and clear evidence of quality execution in a challenging environment keep Fadem on-side. "ORLY shares are +4% YTD , but in our view, have lagged other recent winners and deserve to play catch up" the analyst told investors, adding that he sees ORLY as a stable profit compounder.
"Play it cool, don't raise your numbers too high," is what we're telling ourselves, but it's hard to contain our excitement as revenue and EPS surpassed Street estimates by ~33% and ~93%, respectively," top BTIG analystOn July 29 he reiterated his Hologic buy rating while ramping up hisfrom $63 to a bullish $84, a 31% upside potential.
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