Adidas: A Fashionable Comeback
European apparel giant Adidas (OTCMKTS:ADDYY) is strutting back into the limelight with a double upgrade from Morgan Stanley. Analysts believe that as the “fashion pendulum” swings towards terrace shoes, classic Adidas styles like Samba and Gazelle are set to shine. This vote of confidence from Morgan Stanley comes as Adidas makes a strong recovery, with its stock soaring over 140% since its late-2022 lows.
Seagate Technology: Riding the Data Wave
Storage solutions provider Seagate Technology (NASDAQ:STX) is surging ahead with an upgrade to Overweight from Morgan Stanley. Analysts see a potential for margin expansion through various strategies, including better pricing and build-to-order dynamics. As the AI industry booms, Seagate is well-positioned to benefit, despite recent delays in their revolutionary HAMR technology. These setbacks are unlikely to dampen the demand for this innovative product.
Netflix: Streaming Ahead
While Netflix (NASDAQ:NFLX) may have had a stumble in its recent earnings report, Morgan Stanley remains bullish with a hefty price target of $700 per share. With a stellar content lineup and a loyal subscriber base, Netflix continues to lead the streaming market. Shows like “Baby Reindeer” keep viewers engaged, hinting at more binge-worthy content on the horizon. Despite a steep valuation, Netflix’s dominance in the industry suggests it has room to soar past Morgan Stanley’s target.
As these stocks bask in the spotlight of Morgan Stanley’s endorsements, investors may find these top picks worthy of consideration for their portfolios.
