Top Wall Street analysts say buy Alphabet and Carvana

Earnings season is yet again upon us, with prominent names reporting this week. Volatility remains a focus for investors, and inflation has been continuing to compound pressure across all industries. The near-term uncertainty remains blurred, although long-term investing can often cut through the daily noise.  

Let’s take a look at five stocks that analysts see performing well in the future.  

Rising inflation doesn’t hurt everyone equally, with those in lower socioeconomic strata and younger folk feeling the full force of impact. When a company is involved in e-commerce, it helps to have lower cost options in one’s offering. For eBay (EBAY), this comes in the form of refurbished and pre-owned product categories, an area which the firm is expected to expand.  

Colin Sebastian of Robert W. Baird recently reported on the online marketplace and auction site, noting that in regards to inflation “eBay’s unique offering of pre-owned and value merchandise should mitigate those headwinds, or even benefit the platform.” He went on to explain that Gen Z consumers are highly interested in this segment, with 80% of them buying the goods, according to a company survey.  

Sebastian rated the stock a buy, and added a price target of $80 per share.  

The top-ranked analyst went on to elaborate that “the platform’s value-price orientation could help offset consumer spending softness among lower and middle-income consumers.” 

In the near-term, the analyst expects EBAY to make several announcements such as a digital wallet and a heightened focus on auto parts sales. (See Ebay Website Visits on TipRanks.) 

When reporting quarterly earnings, e-commerce firms have had a rough time beating pandemic-era comparisons, as slowing consumer trends compound with supply-side constraints and an inflationary environment. Ebay is anticipated by Sebastian to meet its guidance come May 4, although a beat and raise would be highly bullish considering these challenges.  

Out of nearly 8,000 analysts on TipRanks, Sebastian ranks as #158. His success rate stands at 52%, and he maintains an average return of 37.1% per rating.  

Tech has been one of the hardest hit sectors as of late, as many of its large firms were still considered risk-on and overvalued when the economy took a turn. However, Google parent company Alphabet (GOOGL) was largely insulated from the damage, due in part to its ads segment being mostly protected from Apple’s (AAPL) iOS 14.5 privacy update last summer.  

Now, after weathering the storm, Brian White of Monness said he expects the stock to be steady and sound, heading into its earnings call on Tuesday. In his recent report, he noted that GOOGL performed better than the average stock in his coverage, and elaborated that “we believe Alphabet will continue to benefit from the secular digital ad trend and experience strength in the cloud.” 

White rated the stock a buy, and added a price target of $3,850 per share.  

He is also excited…