Image Source: Getty Images
Last week, a number of brokerage bills hit the net again. Below are three buying ratings that investors might want to know about.
Here’s why brokers believe investors should buy them next week:
According to a note from UBS, its analysts have maintained their buying rating and target price of $ 35.90 for student placement and shares of a language testing company. This follows from the news that its CEO Andrew Barclay will step down in the coming months. Although UBS acknowledges that the news is negative, it remains very positive on the company’s outlook and sees it as one of the stocks with the best growth in the Australian stock market. IDP stocks ended the week at $ 23.17.
A note from Goldman Sachs shows that its analysts have maintained a buying rating and a target price of $ 6.90 on shares of this online travel agent. On the eve of the publication of Webjet results next week, the broker confirmed its buying rating. It feels like the company’s prospects are very positive thanks to its growing online channel, its Bedbanks business and strong balance sheet. The latter gives him the opportunity to make purchases on bolts. The price of Webjet shares at the close on Friday was $ 5.47.
Another note from Goldman Sachs shows that its analysts maintained a buying rating but lowered the target price on the cloud accounting platform provider’s shares to $ 118.00. This follows from the publication of results for the whole year, which are a little short of profits and subscribers. Despite this, Goldman remains positive and continues to forecast strong growth in the coming years and sees the value of its shares after the recent weakening. Xero shares ended the week at $ 84.16.