One thing that infuriates investors, and rightfully so sometimes, is analysts that were ultra-bullish on a stock going negative after one bad quarter. This week was no exception, as some high-flying names missed, and missed badly, and were taken out and shot. A new research note from Deutsche Bank defends some of the stocks that got hit the hardest.

Clearly it can take time for a stock that misses earnings estimates or lowers guidance to rebound. The Deutsche Bank team says patient investors may came out just fine sticking with three stocks that absolutely got mauled. All three remain rated Buy: Akamai Technologies Inc. (NASDAQ: AKAM), Twitter Inc. (NYSE: TWTR) and Wynn Resorts Ltd. (NASDAQ: WYNN).

Akamai Technologies

This is one of the leading providers of cloud services for delivering, optimizing and securing online content and business applications. About half of Akamai’s revenues are from Media Delivery (delivery of content over the Internet using the company’s 135,000 server global edge network and software, for which demand is driven by video delivery and software downloads. Akamai is the leading provider of website optimization and acceleration services to e-commerce companies.

The Deutsche Bank team actually upgrades the stock from Hold to Buy on the earnings report, as they feel expectations have been reset for the company. They view the sell-off in the shares as providing investors a good entry point as cloud security and optimization is a huge opportunity, and Akamai is a leader.

The Deutsche Bank price target for the stock is $79. The Thomson/First Call consensus price target is $73.89. Shares closed Wednesday at $75.13.

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Twitter

This stock’s hammer job was a double shot for shareholders. First the company’s earnings were released early by accident, and second, and most importantly, they were horrible. Twitter had transformed from the stock that everybody hated to the one that everybody is starting to love. High multiple valuations, issues with the current CEO’s performance and overall terrible negative market sentiment trampled the stock for years and actually made it a favorite target of short sellers, after fading quickly after a very quick one-month post-IPO spike (IPO). Those are all issues being mentioned again.

The Deutsche Bank team points out that while a key stat called monthly average users was fine, the revenue miss was bad and the stock got crushed. They also highlight that the stock’s high multiple and volatile quarterly revenue results create huge swings in investor sentiment.

The analysts make two very valid points. The DR advertising revenue issues are possibly an easy fix in the medium term. They also remind investors that the Google traffic partnership is a catalyst that lies in front of the stock. They are buyers of the stock below $40 as the long-term view is still positive.

The Deutsche Bank price target is lowered to $60 from $65. The consensus target is $54, but that number will drop when all the new downgrades and price targets are figured in. Twitter closed Wednesday at $38.49, down another 8.94%.

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Wynn Resorts

This high-flying gaming stock, and others in the industry, have been hit hard by issues more attributed to holdings in Macau than in the United States. The company also cut the dividend paid to shareholders, and that did not go over well either, combined with a revenue miss. The company reported that first-quarter profit fell to $0.70 per diluted share, less than a third of the $2.32 the company reported earning in the year ago period, and significantly less than the $1.19 analysts were expecting the company to earn this quarter. Revenue for the quarter was $1.09 billion, also missing analysts’ $1.21 billion expectations.

The Deutsche Bank analysts say that despite the very challenging fundamentals, that they are sticking with the firm’s rating of Buy on the stock. They say that despite the difficult Macau situation, and a tough to call inexpensive valuation, that the huge resort opening in Cotai this time next year could be the hidden gem for the company.

They also think that even though the Macau business is slowing, the Wynn resort there is still considered high end, and the company will be able to capture more overall market share as the mid-level players start to play and migrate more to the property.

Wynn investors are now paid a $0.50 per share dividend, versus the former $1.50 per share per quarter. This would translate to approximately 1.85%. The Deutsche Bank price target is dropped to $135 from $156. Shares closed Wednesday at $108.77, down a massive 16.65%.

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Catching the proverbial falling knife is not for the faint of heart, nor for conservative accounts. In addition, waiting until all the carnage has been exacted may be the best move. For aggressive accounts that still believe in the long-term stories, these could be huge winners down the road.

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