Stocks with upside, according to Bank of America
There’s a host of stocks that are too attractive to ignore, Bank of America says. The investment bank says companies such as Meta Platforms have plenty more room to run, even in the face of macroeconomic uncertainty. Other buy-rated names screened by CNBC Pro from Bank of America include: Bob’s Discount Furniture , Coca-Cola Andina , Blackrock and Boot Barn Holdings . Coca-Cola Andina The Latin American Coca-Cola bottling and packaging company is firing on all cylinders, according to the bank. Analyst Fernando Olvera recently upgraded the stock to buy from neutral and said Coca-Cola Andina is too compelling to ignore. “We see this as an attractive entry point with an improved risk-reward profile,” he wrote, advising clients to buy the dip. In particular, Bank of America likes the company’s robust free-cash flow and its exposure to emerging markets. “We are positive on Andina. Its operating strength should be supported by volume improvements across markets, price/mix gains and stable costs, supporting strong free cash flow to fund dividends,” he said. The Class A sponsored ADRs are up 41% over the past 12 months and yield 3.4%, FactSet data shows. Boot Barn Buy the dip in the western-themed footwear company, analyst Christopher Nardone says. “Structural drivers including exclusive brand mix, buying economies of scale and higher full price selling remain intact,” he said. The bank did lower its price target to $224 per share from $240, but said the stock remains too compelling to ignore. In addition, Nardone doesn’t see the Middle East war interfering with the stock’s upside. “Yes, there is increased macro uncertainty with the war and higher gas prices, but oil/gas worker unemployment rates remain low, and we believe this is the more important data point given BOOT’s exposure to the ‘Work’ segment,” he said. The stock is up almost 50% over the past 12 months. Bob’s Discount Furniture Bob’s is also firing on all cylinders, as evidenced by the company’s earnings report earlier this week. “We assign BOBS a Buy rating as we see both [long term] growth algo and near-term upside,” analyst Robert Ohmes wrote. While seeing some weather headwinds, the stock remains extremely compelling, the bank said. “We lower our PO to $23 (was $28) based on 21x 27E EPS given [near term] weather headwind and 2026 guidance but reaffirm Buy as BOBS’ differentiated merchandising initiatives, zone pricing, marketing and omni-channel experience should drive upside.” Bob’s, which went public in early February (Bank of America was not a lead underwriter), has fallen four straight weeks, losing about 17% in the latest five-day span. Boot Barn “”Structural drivers including exclusive brand mix, buying economies of scale, and higher full price selling remain intact. … .Yes, there is increased macro uncertainty with the war and higher gas prices, but oil/gas worker unemployment rates remain low, and we believe this is the more important data point given BOOT’s exposure to the ‘Work’ segment.” Blackrock “Record LT inflows in Feb & plays defense well. BLK’s US MF & retail business generated another strong LT inflows last month driven by equity and fixed income. We note that BLK posted its strongest February LT inflows on record. Including money market inflows, BLK generated +$51B of total net inflows. Internationally, February net flows remained positive driven largely by equity.” Meta Platforms “The top catalyst for the stock remains Avocado launch, and while the delay is disappointing, we think there are a number of other AI based consumer services in development, which could launch this year, including AI video creation tools, Agentic, search, and subscriptions. At $614, Meta is valued at 18x 2027 GAAP PE, which we see as attractive given industry leading growth and AI opportunity.” Coca-Cola Andina “We see this as an attractive entry point with an improved risk-reward profile,” he wrote advising clients to buy the dip. … .We are positive on Andina. Its operating strength should be supported by volume improvements across markets, price/mix gains, and stable costs, supporting strong free cash flow to fund dividends.” Bob’s Discount Furniture “We assign BOBS a Buy rating as we see both LT [long term] growth algo and near-term upside. … .We lower our PO to $23 (was $28) based on 21x 27E EPS given NT [near term] weather headwind and 2026 guidance but reaffirm Buy as BOBS’ differentiated merchandising initiatives, zone pricing, marketing and omni-channel experience should drive upside.”
<
