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.
ACV Auctions (ACVA) – This is a technology company that runs an online marketplace where car dealers buy and sell used vehicles. Yesterday, J.P. Morgan analyst Rajat Gupta maintained a Buy rating on the stock and decreased the price target to $19 from $20 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 44.60%.
Alibaba (BABA) – Alibaba is a Chinese e-commerce and cloud services company with a growing presence in AI and digital retail. Yesterday, Barclays analyst Jiong Shao maintained a Buy rating on the stock but decreased the price target to $145 from $180 per share. In the last three months, all 12 Top Analysts covering the stock have rated it a Buy. Taken together, their 12-month price targets imply an upside of about 29.67%.
Chord Energy (CHRD) – This is an independent oil and gas company focused on natural gas and oil exploration and production. Yesterday, Piper Sandler analyst Mark Lear maintained a Buy rating on the stock and increased the price target to $164 from $159 per share. Interestingly, five out of the six Top Analysts who recently rated the stock gave it a Buy. Taken together, their 12-month price targets imply an upside of about 30.23%.
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.