TipRanks offers a convenient way to identify stocks that have a greater potential to yield returns surpassing market averages with the help of the Top Smart Score Stocks. It measures the stock’s potential based on eight key factors and assigns a Smart Score of between 1 and 10. Using the TipRanks Stock Screener tool, we’ve chosen three stocks that have a “Perfect 10” score and a Strong Buy consensus rating — Walt Disney (NYSE:DIS), AT&T (NYSE:T), and MGM Resorts (NYSE:MGM).
It is worth mentioning that stocks with a “Perfect 10” Smart Score have historically outperformed the S&P 500 Index (SPX) by a wide margin.
Let’s take a closer look at these three companies.
The Walt Disney Co.
Walt Disney is a global entertainment conglomerate known for its iconic films, theme parks, and media networks. Interestingly, DIS stock scores a “Perfect 10” Smart Score, having met the requirements for five out of the eight parameters. It has a Very Positive signal from hedge funds and enjoys bullish Blogger sentiment and Positive News Sentiment on TipRanks.
Disney’s efforts to turn its streaming business profitable by raising subscription prices, improving content, and teaming with other companies to offer a bundled package of their streaming services are yielding positive results. Furthermore, the company is well-poised to benefit from a new round of investments in its theme parks. These strategic approaches help instill investor confidence in the stock.
Is Disney a Buy, Sell, or Hold?
It is worth mentioning that 14 Wall Street analysts reaffirmed their Buy rating on DIS stock earlier this week. This bullish stance follows the company’s better-than-expected first-quarter earnings report.
On TipRanks, Disney has a Strong Buy consensus rating based on 22 Buys and one Hold rating. The analysts’ average price target on Disney stock of $134.81 implies 27.42% upside potential from current levels. Year-to-date, shares of the company have gained 17.18%.
AT&T, Inc.
AT&T is a multinational telecommunications conglomerate providing a wide range of services, including wireless communication, internet, and television. T stock has cleared seven out of the eight parameters to boast a “Perfect 10” Smart Score. Our data shows hedge funds are currently bullish on T stock. Also, it exhibits Bullish bloggers’ sentiment and a Positive News Sentiment.
The company is committed to improving its core business and lowering its debt levels. It is also expanding its fiber footprint and continuing to improve the quality of the 5G network, which bodes well for long-term growth.
What Is the Price Target for AT&T?
Overall, Wall Street is optimistic about the stock. AT&T has a Strong Buy consensus rating based on nine Buys and two Holds. The analysts’ average price target on T stock of $21.05 implies a 22.53% upside potential from current levels. Shares of the company have gained 5.8% so far this year.
MGM Resorts International
MGM Resorts is a global hospitality and entertainment company renowned for its resorts, casinos, and entertainment offerings. The stock meets requirements for six parameters and thus sports a “Perfect 10” Smart Score. As per our data, hedge funds currently have a Positive signal on the stock. Furthermore, blogger sentiment and retail investors are bullish on the stock.
MGM is well-positioned for long-term growth, buoyed by its strategic expansion efforts in key markets like New York and China. Additionally, the ongoing recovery of Macau operations, following the relaxation of COVID-19 entry restrictions, is providing a significant boost to MGM’s financial performance in 2024.
Is MGM a Buy or Sell?
MGM stock has received 12 Buy and two Hold recommendations for a Strong Buy consensus rating. The analysts’ average price target on MGM stock of $57 suggests an upside potential of 39.53%. Shares of the company have gained 5.5% over the past six months.
Concluding Thoughts
Investors seeking stocks with considerable growth potential might want to consider DIS, T, and MGM. Their “Perfect 10” Smart Scores on TipRanks, positive sentiments from hedge funds, and commitment to improving performance increase the possibility of beating the broader market. It is worth noting that investors can use TipRanks’ Experts Center tool to discover top stock picks as well.
