The Russell 2000, an index of small-cap U.S. companies, has taken a hit amid ongoing recession concerns and market volatility, leaving many stocks trading at attractive valuations. From the index, we’ve selected Magnite (MGNI), Matador Resources (MTDR), and Dave (DAVE), all rated Strong Buys by Wall Street analysts.
Let’s dive into the details. Users can explore each stock further to decide if it deserves a place in your portfolio.
Magnite
Magnite is a leading independent sell-side advertising platform that helps publishers monetize their content across digital channels, including CTV, video, display, and audio. MGNI stock has declined by over 20% in the past 30 days.
Yesterday, Craig-Hallum’s four-star-rated analyst Jason Kreyer maintained a Buy rating on the stock. Interestingly, nine of the 12 analysts who rated the stock gave it a Buy. Taken together, Magnite’s stock forecast of $20.33 implies an upside of about 109.4%.
Matador Resources
Matador Resources is an energy firm specializing in the exploration, development, and production of oil and natural gas. In the last 30 days, MTR stock has lost almost 19%.
Yesterday, four-star-rated analyst Zach Parham reiterated his Buy rating on Matador Resources (MTDR), projecting a potential upside of 61%. Overall, 13 out of 14 analysts who rated the stock had issued Buy recommendations. Meanwhile, the average Matador Resources share price target of $74.21 suggests a 100.5% upside from current levels.
Dave
Dave is a fintech company offering digital banking services, including cash advances, budgeting tools, and side-income opportunities, aimed at helping users improve their financial health. This week, top-rated analysts from Benchmark and JMP securities have reaffirmed their Buy rating on DAVE stock. Benchmark’s Mark Palmer predicts an upside of 75%, and JMP’s Devin Ryan sees more than 50% growth potential.
Overall, DAVE stock has unanimous Buy recommendations from all seven analysts. Dave’s average price target of $126.71 suggests a potential upside of 55% from current levels.