🤖📈 Top Stock Trade Ideas for August 3

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Match Group has resumed growth after two quarters of revenue decline, driven by price increases in Tinder and the adoption of Hinge. The author believes user monetization will compensate for user decline, and anticipates growth for Tinder by 2024, with AI-based features expected to boost user count on Tinder and Match Group Asia apps. Match's network effect is expected to grow stronger with improving monetization and user growth, bolstering its position as a leader in online dating. The company's investments, including acquisitions, have consolidated its brands and created operating leverage, while its broad brand portfolio and Swipe Ventures are predicted to sustain its competitive edge. Concerns include low entry barriers in the online dating space, potential cannibalization of users between Match-owned apps, and decelerating ad revenue growth. Data privacy and security are additional risks. The growth of the global singles population and young users could drive revenue and ad growth, while management's strong capital allocation strategy is expected to continue driving investments and acquisitions. The analyst gives the stock a buy rating with a price target of $70

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The author presents a bullish stance on Twilio, the market leader in the CPaaS and CDP sectors, based on the company's consolidation and readiness for a positive price movement. Twilio's large and growing customer base, including major firms like AirBnb and Amazon, and over 300,000 active accounts underpin its expected 25% sales growth over the next 3-5 years. Its two primary segments, the Communications business transitioning towards profitable growth and the rapidly expanding Data & Applications business, are expected to drive growth and future valuation. Despite the lack of GAAP and non-GAAP positive EPS, the first non-GAAP profitable year is expected in 2023, with GAAP EPS profitability anticipated by 2027. The author acknowledges short-term contracting gross profit margins due to rising costs and slowing demand, but expects this to be a temporary challenge. Twilio's current P/E ratio of 43.3x is high compared to the sector median, but is considered justified given its robust growth rate. The author provides a 2024 price target scenario of $81 per share. Though the company operates in a competitive industry with struggling margins and a potentially risky P/E ratio, the author remains confident in Twilio's long-term potential due to its steady growth rates, sticky product, and active steps taken by management towards profitability. The author suggests accumulating Twilio shares as long as they remain under $70 per share.

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The author presents a bullish case for POINT Biopharma, based on the potential of its two therapies in Phase 3 development, PNT2002 and PNT2003. Positive results have been demonstrated in Phase 2 trials, with the former receiving Fast Track designation from the FDA and the latter showing promising efficacy with low toxicity. Initial results from the SPLASH trial of PNT2002 indicate 78% of patients remaining event-free after 7.5 months. The author notes the stock price's bull flag formation and supporting MACD and RSI indicators, suggesting an upcoming price increase. The company's robust balance sheet, boasting $430 million in total cash and short-term investments and zero debt, strengthens the positive outlook. Furthermore, the company has a healthy operating cash flow, with $171.6 million generated over the past 12 months, and its partnership with Lantheus mitigates share dilution while potentially offering milestone payments and sales royalties. The author anticipates a substantial stock price rise following potential positive news from Phase 3 studies and possible FDA approvals. The bullish sentiment is reflected in the analysts' one

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