Investors have differing opinions about the value of sell-side research. Some swear by it, while others prefer to build their investment thesis around other tenants. There are certainly cases to be made for both positions.

What’s less contentious is that Wall Street analysts are the best resource we have when it comes to humans that intimately know the inner workings of the companies they follow. They are far from perfect, but neither are the best of algorithms and robots.

So, while it’s easier to argue than any one analyst may be off in their assessment of a stock, the argument becomes harder to make when several analysts have the same opinion. Of course, it’s always possible for the herd to be wrong, but it’s less likely than with a single analyst.

The point here is that there is power in numbers. And when multiple analysts react to an earnings report, press release, or some other development in the same way, it merits extra attention.

Is it a Good Time to Buy Uber Technologies Stock?

This week an Uber Technologies (NYSE: UBER) SEC filing showed that the company is expecting better third-quarter results than previously expected. Management now sees bookings of $23 billion at the midpoint which would translate to a 7% sequential improvement from last quarter.

The bump in Uber’s key performance metric may not seem all that great, but it confirms that demand for its transportation and food delivery services is trending in the right direction. Better yet, the company’s updated EBITDA outlook suggests that EBITDA profitability could be reached in the current quarter, a period ahead of schedule.

In response to the bullish revisions, Wall Street has taken an equally bullish stance on Uber stock. Eight firms have reiterated their ‘buy’ ratings and some have raised target prices as high as $78. The bullish remarks have referenced an easing of pricing and wait time pressures due to an increased cavalry of Uber drivers.

Granted, it may not take a genius to upgrade a stock after such an overwhelmingly positive report. But when eight analysts pile into Uber in clown car fashion, investors should seriously consider going along for the ride.

Is Adobe Stock a Post Earnings Buy?

Some thought Adobe (NASDAQ: ADBE) stock was too hot to touch when it was trading at $300…and $400…and then $500. So, with the software juggernaut currently trading above $600, buying here may really be showing up late to the party. Maybe not.

According to multiple sell-side firms, Adobe has more room to run. A whopping 11 analysts called the stock a ‘buy’ on Tuesday; two opted for a ‘hold’ rating. The target prices varied widely but most were above $700. This included the influential Goldman Sachs analyst which gave Adobe a $765 target.