For Immediate Release
Chicago, IL – December 16, 2022 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Adobe Inc.
ADBE
, Salesforce, Inc.
CRM
, Lowe’s Companies, Inc.
LOW
, UDR, Inc.
UDR
and Las Vegas Sands Corp.
LVS
.
Here are highlights from Thursday’s Analyst Blog:
Top Stock Reports for Adobe, Salesforce and Lowe’s
The Zacks Research Daily presents the best research output of our analyst team. Today’s Research Daily features new research reports on 16 major stocks, including Adobe Inc., Salesforce, Inc. and Lowe’s Companies, Inc. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can
see all of today’s research reports here >>>
Shares of
Adobe
have underperformed the Zacks Computer – Software industry over the past year (-40.0% vs. -24.7%). The company’s facing ongoing tensions between Russia and Ukraine remain major headwinds for its Digital Media segment. Also, high acquisition expenses do not bode well for its margin expansion.
However, Adobe is benefiting from strong demand for its creative products. The company’s Creative Cloud, Document Cloud and Adobe Experience Cloud products are driving the top-line growth. Further, rising subscription revenues and solid momentum across the mobile apps are major positives. Additionally, growth in emerging markets and robust online video creation demand remain tailwinds.
Additionally, solid demand for Adobe’s commerce offerings and growing adoption of Acrobat. We remain optimistic about Adobe’s market position, compelling product lines and continued innovation. Considering the aforesaid facts, the Zacks analyst expect fiscal 2022 revenue to grow 11.5% year over year.
(You can
read the full research report on Adobe here >>>
)
Shares of
Salesforce
have underperformed the Zacks Computer – Software industry over the past year (-46.8% vs. -24.7%). That the company is facing stiff competition is a concern. Besides, unfavorable currency fluctuations along with increasing investments in international expansions and data centers are an overhang on near-term profitability.
However, Salesforce is benefiting from a robust demand environment as customers are undergoing a major digital transformation. The rapid adoption of its cloud-based solutions is driving demand for its products. Its sustained focus on introducing more aligned products as per customer needs is driving its top-line.
Continued deal wins in the international market is another growth driver. The acquisition of Slack would position the company to be a leader in the enterprise team collaboration solution space and better compete with Microsoft’s Teams product. The Zacks analyst expects CRM revenues to grow at a CAGR of 12.5% through fiscal 2023-2025.
(You can
read the full research report on Salesforce here >>>
)
Lowe’s
shares have outperformed the Zacks Building Products – Retail industry over the past six months (+23.6% vs. +22.1%). The company remains well-positioned to capitalize on demand for the home improvement market, backed by investments in technology, merchandise category and strength in Pro business.
Lowe’s posted sturdy earnings results for third-quarter fiscal 2022 wherein the top and the bottom line beat the Zacks Consensus Estimate and grew year over year. Results benefited from higher comparable sales (comps) and Pro sales as well as improved DIY sales trends.
The company witnessed a substantial improvement in its adjusted operating margin on disciplined execution and cost management. Management is committed to enhancing the Pro offerings, expanding Lowe’s market share and driving its operating margin. The Zacks analyst expects revenues of $97-98 billion (including the 53rd week) for fiscal 2022.
(You can
read the full research report on Lowe’s here >>>
)
Other noteworthy reports we are featuring today include UDR, Inc. and Las Vegas Sands Corp.
Why Haven’t You Looked at Zacks’ Top Stocks?
Our 5 best-performing strategies have blown away the S&P’s impressive +28.8% gain in 2021. Amazingly, they soared
+40.3%, +48.2%, +67.6%, +94.4%,
and
+95.3%
. Today you can access their live picks without cost or obligation.
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss
.
This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit
https://www.zacks.com/performance
for information about the performance numbers displayed in this press release.
Zacks Top 10 Stocks for 2023
In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2023? From inception in 2012 through November, the
Zacks Top 10 Stocks
portfolio has tripled the market, gaining an impressive +884.5% versus the S&P 500’s +287.4%.
Now our Director of Research is combing through 4,000 companies covered by the Zacks Rank to handpick the best 10 tickers to buy and hold. Don’t miss your chance to get in on these stocks when they’re released on January 3.
Be First to New Top 10 Stocks >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.
Click to get this free report
