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3 stocks that could still leap after earnings

Earnings season is far from over- and for these key stocks it hasn’t even begun. We used TipRanks’ Earnings Calendar to see which stocks are due to report their earnings in the next week or two. Crucially, the Earning Calendar also displays the analyst consensus and average price target of each stock, so you can immediately assess the Street’s outlook going into the print. Now let’s delve deeper:

Alibaba (NASDAQ:BABA)

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China’s Alibaba will report results on August 10- and analysts are bullish that the stock has a bright future ahead. In fact, all 14 top analysts that have rated BABA in the last three months have a ‘buy’ rating on the stock. Their average price targets also reveal that BABA- which has exploded over 70% year-to-date- still has about 7% upside potential over the next year.

However, the Street could be underestimating the extent of Alibaba’s growth. Just last week, CEO Jack Ma said he expects revenue to rise by an incredible 45-48 percent in its fiscal year from April due to small businesses moving online to boost sales.

At a meeting in Nairobi, Ma drew gasps from the crowd when he said: “Our revenue this year, we will still have 45% to 48% growth, the money comes from solving problems for others.” This implies sales of $34.3 billion- notably higher than the $31.42bn analysts have been predicting.

Tesla (NASDAQ:TSLA)

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This controversial auto stock will be reporting its much-anticipated Q2 results on August 2. From the beginning of the year the stock has soared from $217 to $339 and strong results could take shares even higher.

We can see that the stock has a consensus EPS forecast of -$2 down from -$1.54 last year. Investors will also be paying close attention to: 1) any updates on Model 3 production and deliveries; 2) updates on Tesla’s solar roof pilot production progress and 3) any plans to significantly increase vehicle production and deliveries. We already know that in the first half of 2017 Tesla delivered 47,100 vehicles, up 60% year-over-year.

Initial production of the Model 3 all-electric sedan is due to begin this month- with the launch date set for July 28. Much of the Tesla optimism lies ib the $35,000 Model S, so the next few months are crucial for Tesla to prove it knows how to execute smoothly. An aggressive ramp-up is planned, with 1,500 sedans in September and 20,000 cars in December. The company already has 400,000 pre-orders.

Analysts are very divided on Tesla, with the majority preferring to stay on the sidelines. The stock has a Hold analyst consensus rating on TipRanks and a wide range of top analyst price targets. In the last three months targets range from just $165 on the low (downside of -51%) to a whopping $430 (upside of 26%).

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Priceline (NASDAQ:PCLN)

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The outlook is very promising for this online travel company, due to report earnings on August 8. First of all, there is the stock’s Strong Buy rating with only 2 top analysts out of 11 publishing a Hold rating on PCLN in the last three months. Second, while the average analyst price target suggests that the stock has only 2.4% upside over the next 12 months, there is reason to believe that the potential is actually better than this figure would suggest.

We can see that the highest analyst price target of $2,250 (11.6% upside) comes from Jefferies’ Brian Fitzgerald who is one of the Top 25 analysts on TipRanks. On PCLN specifically, Fitzgerald tends to deliver with a 91% success rate and 30.3% average return.

Piper Jaffray’s Michael Olson says his survey of 1,000 consumers reveals a “significant increase” in market share for Priceline brands, while Morgan Stanley has called PCLN a “high conviction” stock. Morgan Stanley thinks that Priceline will deliver a higher beat than Wall Street anticipates, due to the high room bookings, better ad returns and the success of PCLN’s Booking.com.

And keeping an eye on: Apple (report date August 1), Nvidia (report date August 10)

TipRanks tracks the activity of 4,600 analysts on over 5,000 stocks. We rank these analysts according to their success rate and average return so you know exactly which analysts to follow to generate the best returns.

Which hot stocks are top analysts recommending right now? Find out here.

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