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hi guys welcome back to tip ranks my name is annika and here at tip ranks we love to hear what different stocks you're looking at and your opinions on the market sentiment today we're looking at two stocks that billionaire ken griffin has bought that analyst team a strong buy and before we jump into this video guys don't forget to hit that like button and that subscribe button and that bell notification so that you get informed on when the tip ranks channel releases a video now when billionaire financier ken griffin makes a move wall street pays attention griffin has a 30-year history of market successes this is what has built his reputation as a champion stock picker and fun manager this makes him one of the world's wealthiest men with a fortune of around 20 billion dollars he literally started stock trading from his harvard dorm room and he founded citadel in 1990.
today the citadel fund has over 43 billion dollars worth of assets under management you can tell he's been making market wins during the market slump we've seen passed in january going into february in january the s p 500 fell by 5.3 percent but the citadel fund gained 4.7 he's literally been beating the market indexes so the first stock he bought is datto holdings and its ticker is msp datto holding is a software company it serves it products to the managed service provider sector managed service providers or as they're known as msps are third-party operators who take over the time-consuming day-to-day details of back office work in short they're outsourced workers for other companies so datto creates the software packages msps need to give efficient service to their own customers these packages include cloud products for network management remote monitoring and professional services automation basic workplace functions like file bag protection and syncing are also included datto's customer base is composed mainly of small to mid-sized msp firms the current price for datto holding is 23.91 the analyst rating consensus is a strong buy and the analyst price target on msp is and forty 32.40 which is a thirty five point five one percent upside based on ten wall street analysts offering twelve month price targets for datto holding datto went public in october 2020 and since then it has seen consistent modest sequential gains in revenues for every reported quarter in its last quarterly report which was for q4 of 2021 released last week the company posted 164.25 million dollars in sales this was up 18 year-over-year non-gaap earnings at 14 cents per share were just above the forecast of 13 cents but it was down 12 from the 16 cents per share reported in the year ago quarter so these were the gross numbers let's drill down into some of the supporting statistics datto had over 18 500 msp customers and its revenue total included 93 recurring subscription revenue annual recurring revenue arr a key metric for software subscription companies was reported at 658.4 million dollars five star analyst covering datto for northland securities nehal troxy notes three key points driving the company's success number one datto saves msp's time relative to other software vendors such as that comparing sku price is not the only input on an msp's decision matrix number two datto will not allow end customers to go around the msp which then gives the msp much better margin protection and three data security first mindset has played a key role in ensuring datto products have not been compromised providing peace of mind to msp partners and as a result he gives it a buy rating with a 42 dollar price target which is a 76.92 upside from where we're at the second stock that ken griffin bought and that analyst steam a strong buy is global foundries and its ticket is gfs global foundries is a semiconductor contract manufacturer the company has seven percent market share of the 86 billion dollar global semiconductor chip manufacturing sector this makes it the world's fourth largest chip foundry global foundries have 14 operational locations on three continents serving more than 200 enterprise customers global foundries was privately owned by uae's sovereign wealth fund until last fall when it went public through an ipo the gfs ticker debuted on the nasdaq on october 28th with an initial price of 47 despite closing lower on its first day the stock quickly surged to a high of just above 70 the shares do remain volatile although they are up 21 from their opening and gfs has a 30 billion dollar market cap the current price for global foundries is 59.29 the analyst rating consensus is a strong buy and the analyst price target is 83.90 which is a 41.51 upside based on 10 wall street analysts offering 12-month price targets since going public global foundries has reported rising revenues and earnings for the most recent quarter of q4 of 2021 the company showed 1.85 billion dollars at its top line and this was up from 1.7 billion dollars in q3 earnings came in at 18 cents per share well above the 11 cent forecast and for the full year 2021 the company reported 6.6 billion dollars in revenue and this was a gain of 36 year-over-year new stocks with strong growth curves are sure to attract griffin's attention his phone actually picked up 297 233 shares of gfs this new position for citadel is currently worth 16.95 million dollars wall street is also bullish five-star analyst rajvindra gill from needham notes that global foundry's second beat and raise quarter out of the gate he wrote that the company is in a pole position as demand for pervasive semis rf soi s-i-g-e s-i-p-h-o bcd and nfc is accelerating at an unprecedented level 2022 will also be marked with capacity expansion as the company ramps up to singapore dresden and malta facilities despite the capacity expansion gfs noted that the supply will continue to chase demand for several years while price increases will offset capacity additions settling up a positive backdrop for differentiated specialized foundries so guys those are the two stocks that billionaire investor ken griffin has bought for the citadel portfolio and that analysts deem a strong buy what do you guys think of these two stocks do you think they are a buy leave your thoughts in the comments below and if you made it this far don't forget to hit that like button and that subscribe button and that bell notification so that you get informed on when the tip ranks channel releases a video remember this is not financial advice make sure you do your own research before you invest in anything i'll see you guys in the next video bye you
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