Blogger sentiment, which reflects the general mood among writers regarding a particular stock, could be a valuable consideration for investors when picking stocks. Positive sentiment generally indicates that bloggers are confident about a company’s future. Using the TipRanks Stock Screener tool, we have shortlisted three stocks with “Bullish” blogger sentiment and more than 20% upside potential projected by analysts: Chevron (NYSE:CVX), Abbott Laboratories (NYSE:ABT), and ConocoPhillips (NYSE:COP).
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Let’s take a closer look at these three stocks.
Chevron (CVX)
Chevron is a multinational energy company that explores and produces oil, natural gas, and petrochemical products. The company’s diversified business offerings allow it to generate stable cash flows. Also, it plans to strengthen its productivity in Guyana with the acquisition of Hess Corp. (HES), which is expected to close later this year.
Using TipRanks’ Blogger Opinion tool, we can see that bloggers are optimistic about CVX stock. Indeed, of the 68 writers tracked by TipRanks, 98% of them are bullish, which is higher than the sector average.
On TipRanks, the stock has a Strong Buy consensus rating based on 12 Buy and three Hold ratings. The analysts’ average price target on CVX stock of $187.20 implies 22.1% upside potential from current levels. Over the past six months, shares of the company have gained 4.2%.
Abbott Laboratories (ABT)
Abt is a healthcare company that develops medical devices, diagnostics, branded generic medicines, and nutritional products. The company’s products, including medical devices and pharmaceuticals, support its growth in earnings and capital deployment activities.
Based on 32 bloggers tracked by TipRanks, 90% of them are bullish, which is higher than the sector average.
Overall, Wall Street is optimistic about the stock. The stock has a Strong Buy consensus rating based on 11 Buys and one Hold. The analysts’ average price target on ABT stock of $127.75 implies a 22.85% upside potential from current levels. Shares of the company have declined 2.2% over the last six months.
ConocoPhillips (COP)
ConocoPhillips is an energy company engaged in the exploration and production of oil and natural gas. The company’s strong financial performance supports its bull case.
Out of the 30 bloggers covering COP stock, 96% of them are bullish, which is higher than the sector average.
COP has received 14 Buy and two Hold recommendations for a Strong Buy consensus rating. The analysts’ average price target on COP stock of $147.27 suggests an upside potential of 34.6%. Shares of the company have gained 4.2% over the past six months.
Concluding Thoughts
Investors seeking stocks with growth potential might want to consider COP, ABT, and CVX. Positive sentiments from bloggers covering these stocks reflect their confidence in their future performance. It is worth noting that investors can use TipRanks’ Experts Center tool to discover top stock picks as well.
