Which stocks are best to buy now? According to Top Wall Street Analysts, the three stocks listed below are Strong Buys. Each stock received a new Buy rating recently and has a significant upside as well.
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To find more stocks like these, take a look at TipRanks’ Analyst Top Stocks tool. It shows you a real-time list of all stocks that have been recently rated by Top-ranking Analysts.
Here are today’s top stock picks, according to analysts. Click on any ticker to thoroughly research the stock before you decide whether to add it to your portfolio.
Allegro MicroSystems (ALGM) – This semiconductor company develops advanced sensor and power solutions for motion control and energy-efficient systems. Yesterday, Evercore ISI analyst Mark Lipacis assigned a Buy rating on the stock with a price target of $29. In the last three months, seven out of the eight Top Analysts covering the stock have rated it a Buy. Taken together, their 12-month price targets imply an upside of over 34%.
AES (AES)– This global energy company operates power plants and develops energy solutions, focusing on renewable energy and sustainable innovation. Yesterday, Mizuho Securities analyst Anthony Crowdell reiterated a Buy rating to the stock with a price target of $16. In the last three months, seven out of the eight Top Analysts covering the stock have rated it a Buy. Altogether, their 12-month price targets imply an upside of over 56%.
Alphabet Class C (GOOG) – Alphabet is a tech giant known for its search engine Google. Yesterday, J.P. Morgan analyst Doug Anmuth maintained a Buy rating on the stock with a price target of $212. In the last three months, all nine Top Analysts covering the stock have rated it a Buy. Taken together, their 12-month price targets imply an upside of about 27%.
Who Are the Top Analysts?
TipRanks ranks financial analysts according to the success rates of their ratings and the average return on each of their ratings. The Top Analysts have each earned a five-star ranking, thanks to the accuracy and profitability of their ratings over time.
See real-time analyst rankings and learn more about the performance of Top Analysts on TipRanks’ Top Wall Street Analysts page.
