Bank of America named several stocks that are well-positioned ahead of its quarterly report. Wall Street investment banks say companies like MetaPlatform are attractive and have more room to run. Other buy-rated companies reviewed by CNBC Pro include Roblox, Wex, Coupang, and Trip.com. Roblox Bank of America says the gaming company is firing on all cylinders. “Tactically, we expect it to beat our conservative outlook and be higher,” analyst Omar Desouky said ahead of Roblox’s earnings report later this month. The bank acknowledged that the share price may be “driven by increased participation” but said it was still too attractive to ignore at current prices. The stock is up 121% this year through Friday. “We see users around the world adopting Roblox’s Metaverse, creating a virtuous cycle that attracts developers, brands, and sellers to the platform, extending the runway for mid-20% (revenue) growth,” the analysts wrote. Roblox will report earnings on October 29th. Meta platform analyst Justin Post is also adamant that Meta will release earnings later this month. “We’re looking for revenue beats to support AI investment returns,” Post said, adding that investors should pay close attention to Mehta’s comments on artificial intelligence. “With additional AI adoption, potential[large-scale language models]and infrastructure deals, and coverage of OpenAI’s social competition, we believe updates on Meta’s AI outlook will be in the spotlight and important to sentiment,” Post added. In addition to AI, Bank of America says there are other positive catalysts that Meta shareholders can look forward to. “The ad check was constructive, plus strong quarterly ad growth and guidance could help strengthen confidence in the durability of Meta’s AI ad engine,” the analyst said. The company’s stock is up 26% this year. Wex BofA upgraded Wex from Neutral to Buy earlier this week. The fuel and vehicle payment solutions company is scheduled to report earnings on October 29th. “When WEX releases its third-quarter results, we expect it to report positive revenue growth for the first time in four quarters,” wrote analyst Mihir Bhatia. The bank said the stock is a story of turnaround and the valuation is too attractive to ignore. “In line with our medium-term guidance, we forecast mid-single-digit revenue growth in 2026/27,” he added. Meanwhile, the stock is up 23% in the past six months, so there’s plenty of room for it to rise even after the recent pullback. Trip.com “We believe Trip.com is an important beneficiary of China’s growing travel trends. The company is the largest online/call center travel agency by revenue and is well known for its quality customer service…Trip.com We look forward to continuing to be an industry leader, providing exposure to the industry’s long-tail growth potential while aggressively investing in user growth.”Wex: “Wex (WEX) is on a growth inflection point and has an attractive valuation.” We upgrade our rating from Neutral to Buy because we expect WEX to report positive revenue growth for the first time in four quarters when it reports third-quarter results…consistent with our medium-term guidance, we expect mid-single-digit revenue growth in 2026/27.” Roblox “Stock price likely driven by increased participation, LT forecast…We remain bullish on RBLX stock both tactically and long-term. Tactically, we expect it to break above conservative guidance…We see a virtuous cycle of users around the world adopting Roblox’s Metaverse and attracting developers, brands, and sellers to the platform, extending the runway for mid-20% growth.” Meta Platforms “We’re looking for revenue growth to support our AI investment returns. … With reports of additional AI adoption, potential LLM and infrastructure deals, and OpenAI’s social competition, we believe the latest information on Meta’s AI outlook will be in the spotlight and important to sentiment… The ad check is constructive, plus the quarter’s strong ad growth and guidance could help strengthen confidence in the durability of Meta’s AI ad engine.” Coupang “Coupang is poised to benefit from 1) differentiated consumer experiences, 2) synergies with other businesses such as restaurant delivery, OTT, and 3) industry consolidation in South Korea. We expect Coupang to be one of the few retailers able to gain market share and increase its revenue profile at the same time…CPNG ‘s revenues should be driven by both strong growth and margin improvement in product commerce and an upturn in developing markets.’ ”
