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3 Best Stocks to Buy Now, 1/9/2024, According to Top Analysts 
Stock Analysis & Ideas

3 Best Stocks to Buy Now, 1/9/2024, 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. 

Boot Barn (NYSE:BOOT– This company is engaged in the operation of retail outlets that offer western and work-related footwear, apparel, and accessories. Yesterday, Craig-Hallum Analyst Jeremy Hamblin maintained a Buy rating with a price target of $99 per share. Interestingly, six out of the seven Top Analysts who recently rated the stock gave it a Buy. Taken together, their 12-month price targets imply an upside of about 26%. 

Insmed (NASDAQ:INSM) –  Insmedis a global biopharmaceutical company. Yesterday, TD Cowen Analyst Ritu Baral maintained a Buy rating on the stock with a price target of $45 per share. In the last three months, all six Top Analysts covering the stock have rated it a Buy. Taken together, their 12-month price targets imply an upside of about 38%. 

Civitas Resources (NYSE:CIVI– This company focuses on the exploration and production of carbon-neutral oil and gas. Yesterday, Truist Financial Analyst Neal Dingmann reiterated a Buy rating on the stock and increased the price target to $107 from $103 per share. In the last three months, all three Top Analysts covering the stock have rated it a Buy. Taken together, their 12-month price targets imply an upside of about 50%.

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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