30 'strong-buy' stocks from top Wall Street analysts— including one with 500% upside — according to a fintech company that uses AI to analyze data (2024)

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Laila Maidan

2023-06-07T08:00:00Z

30 'strong-buy' stocks from top Wall Street analysts— including one with 500% upside — according to a fintech company that uses AI to analyze data (1)

Caspar Benson/Getty Images
  • TipRanks' compiled list is based on analysts with four to five-star ratings.
  • These ratings have been assigned to the listed stocks within the last three days.
  • The stocks' upsides range from over 5% to over 500%.

The stock market has made a comeback in 2023. At Monday's close, the S&P 500 was already up by 11.76% to 4,273.79 year-to-date.

But any excitement could be premature, according to a team of Morgan Stanley strategists with a bearish outlook. The investment bank expects corporate earnings to slow, slamming the breaks on the stock market's upward trend by the end of the year. Slowed revenue growth will drag earnings per share (EPS) for the S&P 500 down by 16% and the overall index to 3,900 by year-end.

Yet, even if sentiment is bearish on the overall market, some stocks are expected to outperform. But the thought of picking and choosing stocks can be daunting. Even among analysts, there are hundreds of opinions to choose from.

One way to navigate this is to see which stocks garner attention by being analysts' most recommended stocks.

Below is a list of 30 stocks with "strong buy" ratings which has been compiled by TipRanks, a fintech company that uses artificial intelligence to analyze stock-market data. These ratings were freshly set during the past week.

Each stock includes its price target along with the percentage gains forecasted by top analysts, who are those TipRanks has assigned four or five-star ratings based on three main criteria:

  • An analyst's average returns.
  • Profits or losses on recommendations.
  • The volume of corrections and transactions they make.

1. Cogent Biosciences

Markets Insider

Ticker: COGT

Market Cap: $920.18M

Best Price Target Upside: $20.25

Top Analysts' Price Target - upside/downside: 55.77%

2. Chicken Soup For The Soul Entertainment

Markets Insider

Ticker: CSSE

Market Cap: $40.05M

Best Price Target Upside: $4.50

Top Analysts' Price Target - upside/downside: 248.84%

3. Gracell Biotechnologies

Markets Insider

Ticker: GRCL

Market Cap: $207.16M

Best Price Target Upside: $13.33

Top Analysts' Price Target - upside/downside: 308.9%

4. Dell Technologies

Markets Insider

Ticker: DELL

Market Cap: $34.57B

Best Price Target Upside: $53.88

Top Analysts' Price Target - upside/downside: 17.33%

6. Academy Sports and Outdoors

Markets Insider

Ticker: ASO

Market Cap: $3.95B

Best Price Target Upside: $73.29

Top Analysts' Price Target - upside/downside: 49.27%

7. Karuna Therapeutics

Markets Insider

Ticker: KRTX

Market Cap: $8.75B

Best Price Target Upside: $252.6

Top Analysts' Price Target - upside/downside: 8.4%

8. Genius Sports Limited

Markets Insider

Ticker: GENI

Market Cap: $1.29B

Best Price Target Upside: $7.25

Top Analysts' Price Target - upside/downside: 19.05%

9. Sprout Social

Markets Insider

Ticker: SPT

Market Cap: $2.40B

Best Price Target Upside: $63.50

Top Analysts' Price Target - upside/downside: 44.98%

10. Crinetics Pharmaceuticals

Markets Insider

Ticker: CRNX

Market Cap: $1.19B

Best Price Target Upside: $42.25

Top Analysts' Price Target - upside/downside: 93.28%

11. Dundee Precious Mtl

30 'strong-buy' stocks from top Wall Street analysts— including one with 500% upside — according to a fintech company that uses AI to analyze data (12)

Yahoo Finance

Ticker: DPMLF

Market Cap: $1.35B

Best Price Target Upside: $7.11

Top Analysts' Price Target - upside/downside: 50.33%

12. Glencore

Markets Insider

Ticker: GLCNF

Market Cap: $53.88B

Best Price Target Upside: $7.87

Top Analysts' Price Target - upside/downside: 47.43%

13. Five Below

Markets Insider

Ticker: FIVE

Market Cap: $10.16B

Best Price Target Upside: $220.08

Top Analysts' Price Target - upside/downside: 20.58%

14. Intra-Cellular Therapies

Markets Insider

Ticker: ITCI

Market Cap: $5.88B

Best Price Target Upside: $77

Top Analysts' Price Target - upside/downside: 22.92%

15. Walmart

Markets Insider

Ticker: WMT

Market Cap: $401.17B

Best Price Target Upside: $169.81

Top Analysts' Price Target - upside/downside: 13.27%

16. Philip Morris

Markets Insider

Ticker: PM

Market Cap: $142.46B

Best Price Target Upside: $116.5

Top Analysts' Price Target - upside/downside: 28.81%

17. Stratasys

Markets Insider

Ticker: SSYS

Market Cap: $1.09B

Best Price Target Upside: $18.75

Top Analysts' Price Target - upside/downside: 13.88%

18. Jazz Pharmaceuticals

Markets Insider

Ticker: JAZZ

Market Cap: $8.21B

Best Price Target Upside: $204.33

Top Analysts' Price Target - upside/downside: 58.51%

19. ImmunoGen

30 'strong-buy' stocks from top Wall Street analysts— including one with 500% upside — according to a fintech company that uses AI to analyze data (20)

Markets Insider

Ticker: IMGN

Market Cap: $3.68B

Best Price Target Upside: $19

Top Analysts' Price Target - upside/downside: 25.99%

20. Interactive Brokers

Markets Insider

Ticker: IBKR

Market Cap: $33.77B

Best Price Target Upside: $115.5

Top Analysts' Price Target - upside/downside: 43.48%

21. Gildan Activewear

Markets Insider

Ticker: GIL

Market Cap: $7.02B

Best Price Target Upside: $38.3

Top Analysts' Price Target - upside/downside: 31.03%

22. Avadel Pharmaceuticals

Markets Insider

Ticker: AVDL

Market Cap: $916.02M

Best Price Target Upside: $18.75

Top Analysts' Price Target - upside/downside: 32.42%

23. Ciena

Markets Insider

Ticker: CIEN

Market Cap: $7.18B

Best Price Target Upside: $67.55

Top Analysts' Price Target - upside/downside: 42.21%

24. Asure

Markets Insider

Ticker: ASUR

Market Cap: $258.61M

Best Price Target Upside: $21

Top Analysts' Price Target - upside/downside: 69.9%

25. CyberArk Software

Markets Insider

Ticker: CYBR

Market Cap: $6.13B

Best Price Target Upside: $173.8

Top Analysts' Price Target - upside/downside: 16.01%

26. ACV Auctions

Markets Insider

Ticker: ACVA

Market Cap: $2.79B

Best Price Target Upside: $19.13

Top Analysts' Price Target - upside/downside: 8.63%

27. Corebridge Financial, Inc.

markets Insider

Ticker: CRBG

Market Cap: $11.466B

Best Price Target Upside: $23

Top Analysts' Price Target - upside/downside: 27.99%

28. Movella Holdings

Markets Insider

Ticker: MVLA

Market Cap: $131.34M

Best Price Target Upside: $4.50

Top Analysts' Price Target - upside/downside: 62.45%

29. Treace Medical Concepts

Markets Insider

Ticker: TMCI

Market Cap: $1.64B

Best Price Target Upside: $32

Top Analysts' Price Target - upside/downside: 21.67%

30. Flywire

Markets Insider

Ticker: FLYW

Market Cap: $3.47B

Best Price Target Upside: $34.80

Top Analysts' Price Target - upside/downside: 10.55%

31. Science 37

Markets Insider

Ticker: SNCE

Market Cap: $30.36M

Best Price Target Upside: $1.63

Top Analysts' Price Target - upside/downside: 503.7%

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30 'strong-buy' stocks from top Wall Street analysts— including one with 500% upside — according to a fintech company that uses AI to analyze data (2024)

FAQs

Which stocks have strong buy ratings? ›

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NameHourly Strong Sell Sell Neutral Buy Strong Buy Clear All SaveDaily Strong Sell Sell Neutral Buy Strong Buy Clear All Save
PuravankaraBuyStrong Buy
Electrosteel CastingsStrong BuyStrong Buy
Vijaya Diagnostic CentreBuyStrong Buy
VST IndustriesStrong BuyStrong Buy
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Is AI stock a good buy? ›

Artificial intelligence (AI) is among the most promising investment themes in current times. While Nvidia (NVDA) might be the first name that comes to mind when we're talking about AI stocks, many other companies also stand to benefit from the growing adoption of generative AI.

Who are the top stock market analyst? ›

  • Deepak Mathivanan. Wolfe Research. ...
  • Nathan Jones. Stifel Nicolaus. ...
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  • Robert Dodd. Raymond James. Financial. ...
  • Brandon Couillard. Jefferies. Healthcare. ...
  • John Vinh. KeyBanc. Technology. ...
  • Jake Bartlett. Truist Financial. Consumer Cyclical. ...
  • Carlo Santarelli. Deutsche Bank. Consumer Cyclical.

What are the top S&P 500 companies to invest in? ›

Large-cap technology companies such as Microsoft (MSFT), Apple (AAPL), Nvidia (NVDA), Amazon.com (AMZN), and Meta Platforms (META), combined, hold over $10 trillion in total market cap, which makes them influential in the S&P 500's one-year gain of 20%.

What are the 10 best stocks to buy right now? ›

13 Best Major Stocks to Buy Right Now
  • Intuit Inc. (NASDAQ:INTU) Number of Q4 2023 Hedge Fund Shareholders: 75. ...
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Which stock is fundamentally strong? ›

Best Fundamentally Strong Stocks to Invest in India
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1Divis Laboratories LtdPharmaceuticals
2Tata Consumer Products LtdPlantation & Plantation Products
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How accurate is AI in stock trading? ›

Asset management companies deploying AI have been recording accuracy of more than 80% while predicting stock price movements. Comparatively, algorithms have also been found to deliver high efficiency at lower costs.

What is the most expensive AI stock? ›

Compare the best AI companies
Company (Ticker)SectorMarket Cap
Nvidia (NVDA)Technology$1.91T
C3.ai (AI)Technology$2.53B
Meta Platforms (META)Communication services$1.22T
Data accurate as of April 22, 2024
2 more rows

Which is the best AI model for stock prediction? ›

AI-based high-frequency trading (HFT) emerges as the undisputed champion for accurately predicting stock prices. The AI algorithms execute trades within milliseconds, allowing investors and financial institutions to capitalize on minuscule price discrepancies.

Can stock analysts be trusted? ›

How accurate are Wall Street analyst ratings? Some Wall Street analyst ratings are highly accurate, meaning their ratings lead to successful returns for investors. However, in the stock market, nothing is truly guaranteed. This means investors want to interpret analyst ratings with a healthy dose of skepticism.

Who is the number one trader in the world? ›

1. George Soros. George Soros, often referred to as the «Man Who Broke the Bank of England», is an iconic figure in the world of forex trading.

Who is the best teacher of stock market? ›

In a recent survey conducted by an individual agency, thousands of students voted for Arun Singh Tanwar as the best stock market instructor in India. Students praised his way of teaching and the concepts taught by him because all the techniques and concepts are generated by his experience only.

Which is the best stocks to buy now? ›

  • TVS Motor Company Ltd: Buy at ₹1,956; Stop Loss: ₹1,930; Target Price: ₹1,998.
  • NBCC (India) Ltd: Buy at ₹133; Stop Loss: ₹128; Target Price: ₹142.
  • Tata Consultancy Services Ltd (TCS): Buy at ₹3,875; Stop Loss: ₹3,820; Target Price: ₹3,950.
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What is the most successful stock predictor? ›

1. AltIndex – Overall Most Accurate Stock Predictor with Claimed 72% Win Rate. From our research, AltIndex is the most accurate stock predictor to consider today. Unlike other predictor services, AltIndex doesn't rely on manual research or analysis.

Which stock will boom in 2024? ›

Best Stocks to Invest in India 2024
S.No.CompanyIndustry/Sector
1.Tata Consultancy Services LtdIT - Software
2.Infosys LtdIT - Software
3.Hindustan Unilever LtdFMCG
4.Reliance Industries LtdRefineries
1 more row
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What is the best value stock to buy right now? ›

10 Best Value Stocks to Buy Now
  • Cisco Systems Inc. (ticker: CSCO)
  • Comcast Corp. (CMCSA)
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