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3 Best Stocks to Buy Now, 8/24/2023, According to Top Analysts
Stock Analysis & Ideas

3 Best Stocks to Buy Now, 8/24/2023, 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.

RumbleON (NASDAQ:RMBL) – RumbleON is a marketplace for recreational vehicles. Today, B.Riley Financial analyst Eric Wold maintained a Buy rating on the stock with a price target of $11. All three top analysts who recently rated the stock gave it a Buy. Collectively, their 12-month price targets imply an upside of nearly 83%.

ACM Research (NASDAQ:ACMR– This company develops, manufactures, and sells single-wafer wet cleaning equipment. Yesterday, Craig-Hallum analyst Christian Schwab maintained a Buy rating on the stock. All three top analysts who recently rated the stock gave it a Buy. Taken together, their 12-month price targets imply an upside of nearly 53%.

Amazon (NASDAQ:AMZN) – Amazon is a leading e-commerce player and also dominates the cloud computing market through its Amazon Web Services (AWS) division. Yesterday, Loop Capital Markets analyst Rob Sanderson reiterated a Buy rating on the stock with a price target of $185. AMZN stock has received Buy ratings from all 31 top analysts who have recently rated it. Overall, the consensus 12-month price target suggests an increase of about 29%.

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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