3 Best Stocks to Buy Now, 8/7/2024, According to Top Analysts 
Market News

3 Best Stocks to Buy Now, 8/7/2024, 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.

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. 

Dave (DAVE) – This is a financial technology company that provides banking services and helps users manage their finances. Today, JMP Securities analyst Devin Ryan maintained a Buy rating on the stock with a $75 price target. In the last three months, all four Top Analysts covering the stock have rated it a Buy. Altogether, their 12-month price targets imply an upside of about 107%.

Astera Labs (ALAB) – Astera Labs develops semiconductor-based connectivity solutions. Today, Needham analyst Quinn Bolton reiterated a Buy rating on the stock with a price target of $65. In the last three months, all five Top Analysts covering the stock have rated it a Buy. Taken together, their 12-month price targets imply an upside of about 95%.

Builders Firstsource (BLDR) – Builders FirstSource supplies building materials and construction services for residential and commercial markets. Today, Robert W. Baird analyst David Manthey upgraded the stock’s rating to Buy with a price target of $190. In the last three months, eight out of the 10 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. 

Disclosure 

Related Articles
TheFlyLargest borrow rate increases among liquid names
TheFlyLargest borrow rate increases among liquid names
TheFlyLargest borrow rate increases among liquid names
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App