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. Today, UBS analyst Timothy Arcuri initiated coverage on the stock with a Buy rating and a price target of $33. 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 36%.
Pagaya Technologies (PGY) – This fintech company manages institutional asset portfolios and provides data-driven investment solutions. Today, JMP Securities analyst David Scharf maintained a Buy rating on the stock with a price target of $25. In the last three months, all four Top Analysts covering the stock have rated it a Buy. Taken together, their 12-month price targets imply an upside of about 53%.
Deutsche Bank (DB) – DB provides investment banking, asset management, and other financial products and services. Yesterday, Barclays analyst Flora Bocahut upgraded the stock’s rating to Buy and raised the price target to $24.35 from $15.49. In the last three months, nine out of the ten Top Analysts covering the stock have rated it a Buy. Taken together, their 12-month price targets imply an upside of about 30%.
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.
