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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.
