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.
Marvell (MRVL) – This is a semiconductor company that designs and develops chips used in data centers, 5G networks, and cloud computing. Yesterday, Craig-Hallum analyst Christian Schwab maintained a Buy rating on the stock. Interestingly, 26 out of the 29 Top Analysts who recently rated the stock gave it a Buy. Taken together, their 12-month price targets imply an upside of about 28.05%.
Enovix (ENVX) – This is a battery company that makes advanced lithium-ion batteries using silicon anode technology. Yesterday, Northland Securities analyst Gus Richard maintained a Buy rating on the stock with a price target of $25 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 42%.
ACV Auctions (ACVA) – This is a digital marketplace for wholesale vehicle auctions, connecting dealers with sellers through its online platform. Yesterday, Citi analyst Ronald Josey maintained a Buy rating on the stock but decreased the price target to $21 from $22 per share. In the last three months, all six Top Analysts covering the stock have rated it a Buy. Taken together, their 12-month price targets imply an upside of about 41.3%.
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.