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3 Best Stocks to Buy Now, 8/5/2024, According to Top Analysts 
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3 Best Stocks to Buy Now, 8/5/2024, According to Top Analysts 

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. 

Merus (MRUS) – Merus is an immuno-oncology company that develops cancer treatments. Today, Needham analyst Ami Fadia reiterated a Buy rating on the stock with a $85 price target. In the last three months, all eight Top Analysts covering the stock have rated it a Buy. Altogether, their 12-month price targets imply an upside of over 65%.

Tandem Diabetes Care (TNDM) – TNDM produces advanced diabetic devices like continuous glucose monitoring systems and insulin pumps. Today, Barclays analyst Matt Miksic maintained a Buy rating on the stock with a price target of $58. In the last three months, nine out of the eleven Top Analysts covering the stock have rated it a Buy. Taken together, their 12-month price targets imply an upside of about 23%.

Axon Enterprise (AXON) – Axon develops technology and weapons products for the military, law enforcement, and civilians. Today, Barclays analyst Tim Long assigned a Buy rating on the stock with a price target of $381. In the last three months, six out of the seven Top Analysts covering the stock have rated it a Buy. Taken together, their 12-month price targets imply an upside of about 24%.

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. 

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