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.
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.
Silicon Motion (NASDAQ:SIMO) – The company develops, manufactures, and supplies semiconductor products for the electronics market. Yesterday, Craig-Hallum analyst Anthony Stoss reiterated a Buy rating on the stock with a price target of $106. 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 about 87%.
Reata Pharmaceuticals (NASDAQ:RETA) – The clinical-stage biopharmaceutical company develops treatments for serious and life-threatening diseases. Yesterday, Cantor Fitzgerald analyst Charles Duncan reiterated a Buy rating on the stock with a price target of $145. All four top analysts who recently rated the stock gave it a Buy. Collectively, their 12-month price targets imply an upside of nearly 27%.
Coherus Biosciences (NASDAQ:CHRS) – The commercial-stage clinical biologics platform company develops biosimilar therapeutics. Yesterday, Citi analyst Yigal Nochomovitz maintained a Buy rating on the stock with a $12 price target. All four top analysts who recently rated the stock gave it a Buy. Taken together, their 12-month price targets imply an upside of nearly 268%.
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.
