So, let's see how analysts predict the performance of selected stocks on the Nasdaq in relation to the current sluggish market.
Apple (AAPL)
UBS confirms that it is rating Apple's stock as “Buy” noting that it is getting closer to the earnings release later this month.
UBS saw sales of Macs and iPhones increase.
PayPal (PYPL)
Bank of America gave Paypal a “Buy” rating and called PYPL a “battlefield stock.”
SOFI (SOFI)
Wedbush paid more attention and gave SoFi an “Outperform” rating.
This is because Wedbush thinks SoFi is “well positioned to be a disruptive leader.”
Coinbase (COIN)
Citi Group still assigns a “Buy” rating to Coinbase.
Citi said that crypto trading activity remains solid despite the recent correction.
Tesla (TSLA)
Piper Sandler gave Tesla a “Buy” rating ahead of next week's scheduled earnings release.
Piper said they saw the company exceeding profitability expectations.
Grab (GRAB)
Loop initiated a discussion on Grab and gave it a “Buy” rating and said Grab is a “Category leader”.
Google (GOOG)
Bank of America reiterated its “Buy” rating for Google stock.
They say that search revenue growth looks “healthy” in 2022.
Microsoft (MSFT)
Morgan Stanley reiterated its “Overweight” rating for Microsoft stocks ahead of next week's scheduled earnings release.
The company says that there are “durable margins” on MSFT.
According to Jim Lebenthal, a correction in the market does not mean the bullish trend is over.
All of the above stock issuers can be purchased from $1 in the Gotrade app.
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