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3 Best Stocks to Buy Now, 5/16/2023, According to Top Analysts
Stock Analysis & Ideas

3 Best Stocks to Buy Now, 5/16/2023, 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.

EOG Resources (NYSE:EOG) – The company explores, develops, and markets crude oil and natural gas. Yesterday, analyst Lloyd Byrne of Jefferies reaffirmed a Buy rating on EOG stock with a price target of $138. Overall, the consensus 12-month price target of the 15 out of 17 top analysts who recently rated the stock a Buy, implies an upside of 32.7%.

Warner Music Group (NASDAQ:WMG) – Warner is a multinational entertainment and record label conglomerate. Today, Truist Financial analyst Matthew Thornton reiterated a Buy rating on WMG stock with a price target of $32. Overall, the consensus 12-month price target of the six out of seven top analysts who recently rated the stock a Buy, implies an upside of 31.8%.

Laboratory Corporation (NYSE:LH) – Laboratory provides clinical laboratory services and end-to-end drug development support. Today, Mizuho Securities analyst Ann Hynes reiterated a Buy rating on LH stock with a price target of $257. Overall, the consensus 12-month price target of the seven out of nine top analysts who recently rated the stock a Buy, implies an upside of 22%.

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. 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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