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.
Sangamo Biosciences (SGMO) – This company develops genomic medicines using gene therapy, genome editing, and cell therapy. Today, Barclays Analyst Gena Wang maintained a Buy rating on the stock with a price target of $9 per share. In the last three months, all four Top Analysts covering the stock have rated it a Buy. Taken together, their 12-month price targets imply an upside of about 461%.
Rio Tinto (RIO) – Rio Tinto is a global mining company producing iron ore, aluminum, copper, and other minerals. Today, Bernstein analyst Bob Brackett maintained a Buy rating on the stock and decreased the price target to $77.89 from $79.19 per share. Interestingly, four out of the five Top Analysts who recently rated the stock gave it a Buy. Taken together, their 12-month price targets imply an upside of about 30%.
Block (XYZ) – Block is a fintech company offering payment processing, banking, and digital financial services through Square, Cash App, and Afterpay. Today, KBW analyst Vasundhara Govil maintained a Buy rating on the stock and decreased the price target to $80 from $87 per share. Interestingly, 13 out of the 15 Top Analysts who recently rated the stock gave it a Buy. Taken together, their 12-month price targets imply an upside of about 68%.
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. The Top Analysts have each earned a five-star ranking, thanks to the accuracy and profitability of their ratings over time.
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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