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.
Alibaba (BABA) – Alibaba is a Chinese e-commerce and cloud services company with a growing presence in AI and digital retail. Yesterday, Macquarie analyst Ellie Jiang maintained a Buy rating on the stock but decreased the price target to $139 from $171.5 per share. In the last three months, all 11 Top Analysts covering the stock have rated it a Buy. Taken together, their 12-month price targets imply an upside of about 48.7%.
Bitdeer Technologies (BTDR) – This is a blockchain and high-performance computing firm that operates global data centers for Bitcoin mining and AI cloud services. Yesterday, Benchmark Co. analyst Mark Palmer maintained a Buy rating on the stock with a price target of $24 per share. In the last three months, all nine Top Analysts covering the stock have rated it a Buy. Taken together, their 12-month price targets imply an upside of about 55%.
Praxis Precision Medicines (PRAX) – This is a clinical-stage biotech firm that develops precision therapies for neurological and psychiatric disorders. Yesterday, Piper Sandler analyst Yasmeen Rahimi maintained a Buy rating on the stock with a price target of $270 per share. In the last three months, all seven Top Analysts covering the stock have rated it a Buy. Taken together, their 12-month price targets imply an upside of about 136%.
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.