Deutsche Bank Sticks With 3 High-Profile Stocks That Got Hammered

One thing that infuriates investors, and rightfully so sometimes, is analysts that were ultra-bullish on a stock going negative after one bad quarter. This week was no exception, as some high-flying names missed, and missed badly, and were taken out and shot. A new research note from Deutsche Bank defends some of the stocks that got hit the hardest.

Clearly it can take time for a stock that misses earnings estimates or lowers guidance to rebound. The Deutsche Bank team says patient investors may came out just fine sticking with three stocks that absolutely got mauled. All three remain rated Buy: Akamai Technologies Inc. (NASDAQ: AKAM), Twitter Inc. (NYSE: TWTR) and Wynn Resorts Ltd. (NASDAQ: WYNN).

Akamai Technologies

This is one of the leading providers of cloud services for delivering, optimizing and securing online content and business applications. About half of Akamai’s revenues are from Media Delivery (delivery of content over the Internet using the company’s 135,000 server global edge network and software, for which demand is driven by video delivery and software downloads. Akamai is the leading provider of website optimization and acceleration services to e-commerce companies.

The Deutsche Bank team actually upgrades the stock from Hold to Buy on the earnings report, as they feel expectations have been reset for the company. They view the sell-off in the shares as providing investors a good entry point as cloud security and optimization is a huge opportunity, and Akamai is a leader.

The Deutsche Bank price target for the stock is $79. The Thomson/First Call consensus price target is $73.89. Shares closed Wednesday at $75.13.

ALSO READ: 3 Top MLPs Credit Suisse Recommends Now