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.
Karuna Therapeutics (NASDAQ:KRTX) – The biopharmaceutical company focuses on developing medicines for neurological and psychiatric conditions. Today, Morgan Stanley analyst Jeffery Hung initiated coverage on the stock with a Buy rating and a price target of $280. All six top analysts who recently rated the stock gave it a Buy. Collectively, their 12-month price targets imply an upside of nearly 30%.
ConocoPhillips (NYSE:COP) – The energy company engages in hydrocarbon exploration and production. Yesterday, Morgan Stanley analyst Devin McDermott maintained a Buy rating on the stock with a $124 price target. 10 out of the 12 top analysts who recently rated the stock gave it a Buy. Taken together, their 12-month price targets imply an upside of nearly 22%.
Arcutis Biotherapeutics (NASDAQ:ARQT) – Arcutis operates as an automated global electronic market maker and a broker. Today, Mizuho Securities analyst Uy Ear reiterated a Buy rating on the stock with a price target of $57. The stock has received Buy ratings from all four top analysts who have recently rated it. Collectively, the consensus 12-month price target suggests an increase of nearly 342%.
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.
