UBS has released its top stock picks for the year.
In a note out Wednesday morning, the Swiss bank says it asked all of its North America analysts their top pick for the next 12 months. It came up with a list of 30 stocks that should outperform over the next year.
For each stock, UBS analysts laid out on one page how they got to their investment thesis, what’s driving the stock, and potential upside or downside movements.
We rounded up UBS top picks in the telecom, media and technology space. Here’s what the bank had to say:
Current price: $934
UBS price target: $1,080
UBS’ take: “With a focus on balancing costs vs. revenue opportunities under CFO Ruth Porat, we believe Alphabet will continue to climb a wall of worry that has persisted over the last few quarters.”
Stock price: $143
UBS price target: $163
UBS’ take: “After 3 years of declines, we expect U.S. wireless capex to rebound in 2017 to $30B+ as carriers move to the second phase of 4G deployments to support capacity and peak-speed needs.”
Current price: $159
UBS price target: $180
UBS’ take: “As the iPhone matures investors should start to appreciate the size and loyalty of the installed base, which promotes hardware and services gains.”