Stocks were down in early trading this morning after coming off of a winning week boosted by strong results from the first few days of earnings. This week we’ll hear from big names like Netflix (NFLX), Johnson & Johnson (JNJ), and Tesla (TSLA). We’ll have to wait and see if their solid reports will reverse this morning’s skid.
Today’s stock pick highlights a compelling choice from the financial sector that garners a Buy rating from the Wall Street pros who offer recommendations. Market appreciation should contribute to mid to long-term gains, while projected acquisitions could also provide some near-term fuel.
Focus Financial Partners (FOCS) is a compelling choice from the financial sector right now. The company invests in Registered Investment Advisors (RIAs). There’s a bevy of acquisitions in the wings that are expected to be lucrative for Focus, such as two upcoming partner firm mergers, which will provide about $7 million in organic growth.
Raymond James analyst Patrick O’Shaughnessy recently broke down his bullish standpoint on the financial stock. “Market appreciation and updated margin guidance drive our estimates higher in 2021 and beyond, and with Focus’s leverage trending towards the low end of its targeted range … we could see an acceleration in acquisition activity,” he says.
Of the 7 analysts offering recommendations for the stock, all 4 rate the stock a Buy, and 3 call it a Hold. There are no Sell ratings for the stock. A median 12-month price target of $65.00 represents an 11.24% increase from the current price.
Focus will be looking to display strength during its November 4th earnings call. The company has beat EPS estimates for the trailing four quarters. For the third quarter, analysts expect the company to have generated $0.96 per share.
Where to invest $1,000 right now...
Before you consider buying Focus, you'll want to see this.
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And it's not Focus.
Jeff Bezos, Peter Thiel, and the Rockefellers are betting a colossal nine figures on this tiny company that trades publicly for $5.
Keith say’s he thinks investors will be able to turn a small $50 stake into $150,000.
Find that to be extraordinary?
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But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream... And by then, it could be too late.
Click here to find out the name and ticker of Keith's #1 pick...
