So far earnings have been a rocky road. On the one hand, you have Microsoft, Netflix and Tesla smashing estimates, while on the other Alphabet and Amazon pulled back following more mixed results. Amazon, for example, implied that its fourth-quarter profit could be far lower than Wall Street was predicting. Meanwhile, growth in Google’s ad business slowed 2 percentage points more than expected at 21% vs 23%.

Let’s take a closer look now at the following three stocks:

1. Dropbox

Dropbox (DBX – Research Report) is out with its third quarter results on November 8. For the quarter the Street is looking for revenue of $353M and Non-GAAP EBIT of $29M.

In his earnings preview, top RBC Capital analyst Mark Mahaney  (Track Record & Ratings) highlights the file-sharing service as one of his favorite stock picks right now.

“We’re most incrementally near -term constructive on DBX – which has traded down 21% intra-quarter, but we believe has reasonably conservative Street estimates, in part based on probable ARPU [average revenue per user] trends” the analyst wrote in an investor report on October 9.

He reiterated his DBX Buy rating with a $36 price target. From current levels that indicates substantial upside potential of over 58 percent.

According to Mahaney, investors shouldn’t be fazed by Dropbox’s 10 percent trade off on last quarter’s results. “We did not read much into the COO’s departure, and viewed the lack of material Op Income raise as conservatism more than anything” he explained.

Instead, investors should focus on the company’s “best of breed FCF margins coupled with robust, consistent revenue growth. Internet Scalability with SaaS Predictability!” Bottom line: “We continue to view Dropbox as addressing a large TAM and view it as one of the clear market leaders.”

In total, DBX scores a Strong Buy top analyst consensus. This is with 4 buy ratings and 1 hold rating in the last month. Meanwhile, the average analyst price target of $37 shares can surge 63 percent.

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View DBX Price Target & Analyst Ratings Detail

2. Twilio

Going into the November 6 print, cloud communications platform Twilio (TWLO – Research Report) is a key stock to watch. With shares down 20 percent in October, analysts spy a strong buying opportunity. Bear in mind shares are still up 189 percent year-to-date.

One analyst firmly in the stock’s favor is Oppenheimer’s Ittai Kidron (Track Record & Ratings). He has just returned from Twilio’s SIGNAL user conference in San Francisco with increased confidence in the stock’s outlook and its ‘sublime’ execution.

“We came away confident that core product momentum remains strong, interest in Twilio Flex is high, and the strategic rationale for the SendGrid acquisition is sound” Kidron wrote on October 22. Twilio announced that it was acquiring leading email API platform SendGrid for $2 billion in an all-stock transaction earlier this month.

He has a Buy rating on the stock with a bullish $90 price target (32 percent upside potential).

“With a more volatile market backdrop, we believe investors should acquire discounted premium assets” Kidron wrote, explaining “We see a compelling risk/reward profile given Twilio’s core business strength, profitability, and positive 3Q18 pre-announcement.”

The Oppenheimer analyst is now expecting a strong Q4 guide reflecting broad customer participation and growing application services adoption.

In the last three months Twilio has received 10 back-to-back Buy ratings from top analysts. This is with an $89 average price target (28 percent upside potential).

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View TWLO Price Target & Analyst Ratings Detail

3. Facebook

The social media giant is set to report third-quarter numbers after the bell on October 30. Here is what the Street is expecting for the print: $13.81B in revenue with GAAP EPS of $1.47.

Despite recent controversies- think exec departures, security breaches, and regulatory probes- Facebook (FB – Research Report) remains a top stock pick for analysts. This is a ‘Strong Buy’ stock with 23 recent Buy ratings, vs 2 Hold ratings and just 1 Sell rating.

“We forecast 3Q revenue to increase +33% y/y to ~$13.74B (versus the Street’s estimate of $13.77B), with ad revenue increasing +34% y/y” writes five-star Stifel Nicolaus analyst Scott Devitt (Track Record & Ratings).

He has just reiterated his Buy rating and $202 price target (37 percent upside potential).

“Existential questions around user growth maturation, revenue deceleration, and core platform durability hit the mainstream following last quarter’s outlook” Devitt told investors on October 18.

But ultimately: “While we recognize these concerns are relevant, we view the risk as reflected at current levels with shares trading at 16x 2020 GAAP EPS ex-cash on “de-risked” estimates versus prior to 2Q.”

Not only is the company positioned to grow at 20%+ over the next three years, but the 2.5B+ global user base also remains intact and hooked on the product, concludes the analyst.

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View FB Price Target & Analyst Ratings Detail