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3 Best Stocks to Buy Now, 1/16/2024, According to Top Analysts 
Stock Analysis & Ideas

3 Best Stocks to Buy Now, 1/16/2024, According to Top Analysts 

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. 

Valaris (NYSE:VAL– This company provides offshore contract drilling services to the oil and gas industry. Yesterday, Citi Analyst Scott Gruber maintained a Buy rating with a price target of $88 per share. In the last three months, all three Top Analysts covering the stock have rated it a Buy. Taken together, their 12-month price targets imply an upside of about 47%. 

Spyre Therapeutics (NASDAQ:SYRE) –  This is a biotechnology company that develops next-generation of inflammatory bowel disease (IBD) products. Yesterday, Stifel Nicolaus Analyst Alex Thompson maintained a Buy rating on the stock with a price target of $36 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 42%. 

Noble Corporation (NYSE:NE– This is an offshore drilling contractor for the oil and gas industry. Yesterday, Citi Analyst Scott Gruber maintained a Buy rating with a price target of $65 per share. In the last three months, all three Top Analysts covering the stock have rated it a Buy. Taken together, their 12-month price targets imply an upside of about 42%.

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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