3 Best Stocks to Buy Now, 6/1/2023, 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 today 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.

Alaska Air (NYSE:ALK) – Alaska Air provides air transportation services. Today, analyst Brandon Oglenski of Barclays assigned a Buy rating on ALK stock with a price target of $62. Overall, the consensus 12-month price target of all four top analysts who recently rated the stock a Buy, implies an upside of 40.5%.

Alteryx (NYSE:AYX) –  Alteryx provides self-service data analytics software. Today, Bank of America Securities analyst Koji Ikeda maintained a Buy rating on AYX stock with a price target of $70. Overall, the consensus 12-month price target of the seven out of eight top analysts who recently rated the stock a Buy, implies an upside of 69.5%.

Chewy (NYSE:CHWY) – Chewy is an online retailer of pet food, pet supplies, prescriptions, and other pet-related products. Today, Wells Fargo analyst David Bellinger reiterated a Buy rating on CHWY stock with a $50 price target. Overall, the consensus 12-month price target of the nine out of 11 top analysts who recently rated the stock a Buy, implies an upside of 59%.

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.