Top 3 S&P 500 Stocks To Watch Next Week: PANW, AVGO, CRWD

Broadcom Limited AVGO	0.00	0.00%
CrowdStrike CRWD	0.00	0.00%
Dell Technologies DELL	0.00	0.00%
Alphabet C GOOG	0.00	0.00%
Palo Alto Networks, Inc. PANW	0.00	0.00%

US stocks continued their recent bull run, with the top indices like the S&P 500 and Nasdaq 100 soaring to their record highs. This surge was triggered by the rising optimism of a US-Iran trade deal and the strong Dell (NASDAQ:DELL) earnings report. This article looks at the top 3 S&P 500 Index stocks to watch next week.

Palo Alto Networks

Palo Alto Networks (NASDAQ:PANW) stock price has embarked on a strong bull run and is hovering at its all-time high. It has soared in the last seven consecutive weeks as demand for cybersecurity companies soared.

PANW stock will be in the spotlight as it releases its earnings report on Tuesday. Analysts expect the numbers to show that its revenue jumped by 28% in the last quarter to $2.9 billion. Its guidance for the annual revenue is expected to be $11.3 billion, up by 22% YoY.

The most recent earnings report showed that its revenue and earnings soared in the second quarter as companies leaned on its platform to fight threats. Its revenue rose by 15% to $2.59 million, while its ARR jumped by 33% to $6.3 million.

The current PANW stock price of $281 is much higher than the consensus forecast of $234.

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Broadcom

Broadcom (NASDAQ:AVGO) is another top S&P 500 Index stock to watch as it publishes its report. It will be the final member of the $1 trillion club to release its earnings this cycle.

Broadcom's growth is expected to continue growing because of its large deals with companies like Alphabet (NASDAQ:GOOG) and OpenAI. The consensus is that its revenue will come in at $22 billion, up by 47% YoY. Its EPS is expected to grow from $1.58 to $2.4.

The consensus AVGO stock price forecast among analysts is $472, up from the current $446.

CrowdStrike

CrowdStrike (NASDAQ:CRWD), another top S&P 500 company to watch as it releases its numbers. Like PANW, it has soared in the last seven consecutive weeks and reached a record high. This surge has brought its market capitalization to over $186 billion.

Analysts expect the upcoming earnings report to show that its revenue rose by 23.54% YoY to $1.36 billion. Its annual revenue in the next two years is expected to grow by over 20%. It will come to $5.91 billion this year and $7.18 billion next year.

A key risk for the CrowdStrike stock is that it is highly overvalued and trading much higher than its consensus. The average target among analysts is $556, which is lower than the current $731.

Read Also: Nvidia Stock At Key Support Ahead of Big Windows PC Launch

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