智通财经网·2025-11-24 06:09Core Viewpoint - Concerns about overvaluation of AI stocks and uncertainty regarding interest rate cuts have affected investor sentiment, but Nvidia's strong earnings report has somewhat alleviated fears of a bubble in AI-related investments. Top Wall Street analysts have recommended attractive stocks for long-term investment amidst recent market sell-offs [1]. Microsoft - Microsoft is viewed as a major beneficiary of the AI wave, with its Q1 FY2026 earnings exceeding expectations and Azure cloud revenue growing by 40% [2]. - Analyst William Power from Baird initiated coverage on Microsoft with a "Buy" rating and a target price of $600, highlighting its partnership with OpenAI as a key differentiator [2]. - Microsoft’s cloud business now accounts for 60% of total revenue, with strong performance in its core applications like Microsoft 365, LinkedIn, and Dynamics, maintaining a robust operating margin of 49% and a free cash flow margin of 33% [3]. Booking Holdings - Booking Holdings, which owns Priceline and Kayak, reported impressive Q3 results with double-digit growth in total bookings and revenue, prompting Wedbush analyst Scott Devitt to upgrade the stock from "Neutral" to "Buy" with a target price of $6,000 [5]. - Devitt noted Booking's advantages in scale, diversification, and strong liquidity, emphasizing its effective cost optimization and market share expansion in non-traditional accommodations [5][6]. - In the context of exceeding global travel demand, Booking's Q3 total bookings grew by 14%, leading Devitt to raise his 2025 total bookings growth forecast by 100 basis points to 11.5% [6]. DoorDash - DoorDash's rating was upgraded from "Neutral" to "Buy" by Devitt, with a target price of $260, despite mixed Q3 results and a forecast of significant investment in new plans and developments [7]. - The stock price decline post-earnings was seen as a buying opportunity, trading at approximately 17.7 times its 2027 adjusted EBITDA estimate, with concerns over capital expenditures and profit margins [8]. - Devitt highlighted that higher spending levels could impact short-term margins, but investments aimed at expanding market reach and enhancing product offerings are justified [8].