3 New Strong Buy Ratings from Top-Rated Analysts: 06/05/2025 Tax season has cooled down, but Intuit (INTU) is heating up — plus, 2 more recent Strong Buy recommendations from top-rated analysts
This story originally appeared on WallStreetZen
Here's a peek at the latest picks from our most-visited stock screener:
- Tax season has cooled down, but Intuit (INTU) is heating up
- Why Flex (FLEX) has unanimous Strong Buy ratings
- Is Semtech (SMTC) a fantastic "buy the dip" opportunity?
P.S. Get more alerts like this daily … Try WallStreetZen Premium.
1. Semtech (NASDAQ: SMTC)
Investors often come across the phrase "buy the dip" — but with Semtech Corp, it'd be more apt to say "buy the plunge." After an unexpected setback when it comes to revenue from a crucial segment, SMTC stock has lost significant value since the beginning of the year. However, there's an odd dissonance at play — while analysts have cut their price targets accordingly, they're still bullish, and see plenty of upside — particularly at the current, reduced valuation.
Zen Rating: B (Buy) — see full analysis >
Recent Price: $37.10 — get current quote >
Max 1-year forecast: $68.00
Why we're watching:
- At present, 8 Wall Street researchers issue ratings for SMTC stock — 4 have deemed it a Strong Buy, 3 have given it a Buy rating, and 1 analyst rates the stock a Hold. There are currently no Sell or Strong Sell ratings. See the ratings
- The average price forecast of $55.75 implies a 55.9% upside from the current price of Semtech shares.
- Stifel Nicolaus researcher Tore Svanberg (a top 4% rated analyst) maintained a Strong Buy rating after the company's Q1 2026 earnings, and upped his price target from $42 to $45.
- Svanberg summarized the quarter with "in-line results and in-line Q2 guidance."
- Looking ahead, the analyst said that in spite of the near-term ACC business "air pocket," Semtech's next-gen CopperEdge ACC products continue to generate significant interest, infrastructure momentum continues, and the company's profitability is improving.
- Benchmark's Cody Acree (a top 9% rated analyst) also doubled down on a Strong Buy rating following the quarterly report — and reiterated a Street-high price target of $68.
- Once SMTC's performance across our 7 Component Grade ratings are squared, the stock ranks in the top 9% of equities on the whole — placing it firmly in the upper end of stocks with a Zen Rating of B, equivalent to a Buy.
- Semtech does exceptionally well in two areas — Financials, where it ranks in the top 5% of stocks, and Growth, where it ranks in the top 2%. (See all 7 Zen Component Grades here >)
2. Flex (NASDAQ: FLEX)
Flex is a company that wears many hats — as it helps design, build, and deliver products and entire supply chains across a wide variety of industries, including automotive, healthcare, and even cloud computing. At present, the business is reorienting itself toward high-growth and high-margin areas — chiefly data centers, and it seems to be paying off.
Zen Rating: A (Strong Buy) — see full analysis >
Recent Price: $42.33 — get current quote >
Max 1-year forecast: $52.00
Why we're watching:
- In a clear cut case of overwhelmingly positive coverage, 7 analysts issue ratings for FLEX — all 7 rate the stock a Strong Buy. See the ratings
- Following the company's Q4 and FY 2025 earnings call, two top-rated analysts doubled down on their bullish coverage.
- Justin Patterson of KeyBanc (a top 7% rated analyst) maintained a Strong Buy rating and increased his price target on FLEX shares from $35 to $44.
- According to Patterson, the stock was up post-print because the quarter beat consensus and management's FY 2026 guidance was higher on EPS, although lower on revenue.
- Overall, the analyst argued that Q4 "generally surpassed lowered expectations, even though datacenter/AI headlines and narratives have changed recently."
- Barclays researcher George Wang (a top 11% rated analyst) also reiterated a Strong Buy rating, and increased his price forecast from $49 to $50.
- "The company delivered a solid quarter, and its positive mix shift is bearing fruit," Wang told investors.
- Flex ranks in the top 4% of equities on the whole, giving it an overall Zen Rating of A.
- For a better idea as to why FLEX ranks so highly, we have to take a closer look at its Component Grade ratings. When it comes to Safety, the stock ranks in the top 17%. In terms of Sentiment, it ranks in the top 12%. However, the Artificial Intelligence rating steals the show — in this regard, FLEX ranks in the top 10% of the more than 4,600 equities that we track. (See all 7 Zen Component Grades here >)
3. Intuit (NASDAQ: INTU)
Ever used TurboTax? You're one of Intuit's customers. For decades, this business has dominated the financial and compliance software market. Despite declining share prices, the company maintains a strong checkbook and enjoys confidence from Wall Street — which means it also merits a closer look.
Zen Rating: B (Buy) — see full analysis >
Recent Price: $752.04 — get current quote >
Max 1-year forecast: $875.00
Why we're watching:
- INTU has received a lot of attention from Wall Street — the stock currently has 18 ratings, divided between 11 Strong Buys, 6 Buys, and 1 Hold. See the ratings
- Following the company's Q3 2025 earnings, Michael Turrin of Wells Fargo (a top 24% rated analyst) reissued a Strong Buy rating, and hiked his price target from $775 to $825.
- Turrin told readers that the inflection in Live was the catalyst behind the tax outperformance that dominated the print.
- Live's sustainability into next year was reaffirmed by management, the analyst said, "and QuickBooks' mission criticality continues to shine through."
- In addition, Bank of America researcher Brad Sills (a top 5% rated analyst) also doubled down on a prior Strong Buy rating, and upped his price target from $730 to a Street-high $875.
- A successful tax season spearheaded the company's "strong Q3," supported by strength across the company's other lines of business, Sills told readers.
- The analyst added that the results from this tax season show that TurboTax has effectively shifted its focus to the assisted category, where it is expected to sustainably drive growth.
- Further, Sills noted that Intuit's Business Solutions unit, which includes QuickBooks, recorded a 19.4% growth rate, which "nicely exceeded" their forecast of 18%, indicating that demand for the product is resilient.
- Intuit shares rank in the top 8% of equities based on a big-picture overview of 115 proprietary factors that correlate with outsized returns, earning it an overall B (Buy) Zen Rating.
- Overwhelmingly positive analyst coverage, a significant degree of insider buying, and a string of positive earnings surprises have come together to give INTU a Sentiment Component Grade rating in the top 6% of stocks.
- However, INTU ranks even more highly in terms of Financials and Artificial Intelligence — in the top 4% and top 1%, respectively. (See all 7 Zen Component Grades here >)
What to Do Next?
