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%.

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 (2)

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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 (4)

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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.

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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.

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1. Cogent Biosciences

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Ticker: COGT

Market Cap: $920.18M

Best Price Target Upside: $20.25

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

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2. Chicken Soup For The Soul Entertainment

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Ticker: CSSE

Market Cap: $40.05M

Best Price Target Upside: $4.50

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

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3. Gracell Biotechnologies

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Ticker: GRCL

Market Cap: $207.16M

Best Price Target Upside: $13.33

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

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5. Bowlero Corp. Class A

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Ticker: BOWL

Market Cap: $2.01B

Best Price Target Upside: $19.75

Top Analysts' Price Target - upside/downside: 55.63%

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6. Academy Sports and Outdoors

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Ticker: ASO

Market Cap: $3.95B

Best Price Target Upside: $73.29

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

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7. Karuna Therapeutics

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Ticker: KRTX

Market Cap: $8.75B

Best Price Target Upside: $252.6

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

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8. Genius Sports Limited

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Ticker: GENI

Market Cap: $1.29B

Best Price Target Upside: $7.25

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

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9. Sprout Social

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Ticker: SPT

Market Cap: $2.40B

Best Price Target Upside: $63.50

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

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10. Crinetics Pharmaceuticals

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Ticker: CRNX

Market Cap: $1.19B

Best Price Target Upside: $42.25

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

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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 (15)

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Ticker: DPMLF

Market Cap: $1.35B

Best Price Target Upside: $7.11

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

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12. Glencore

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Ticker: GLCNF

Market Cap: $53.88B

Best Price Target Upside: $7.87

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

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13. Five Below

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Ticker: FIVE

Market Cap: $10.16B

Best Price Target Upside: $220.08

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

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14. Intra-Cellular Therapies

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Ticker: ITCI

Market Cap: $5.88B

Best Price Target Upside: $77

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

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15. Walmart

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Ticker: WMT

Market Cap: $401.17B

Best Price Target Upside: $169.81

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

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16. Philip Morris

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Ticker: PM

Market Cap: $142.46B

Best Price Target Upside: $116.5

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

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17. Stratasys

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Ticker: SSYS

Market Cap: $1.09B

Best Price Target Upside: $18.75

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

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18. Jazz Pharmaceuticals

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Ticker: JAZZ

Market Cap: $8.21B

Best Price Target Upside: $204.33

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

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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 (23)

Markets Insider

Ticker: IMGN

Market Cap: $3.68B

Best Price Target Upside: $19

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

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20. Interactive Brokers

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Ticker: IBKR

Market Cap: $33.77B

Best Price Target Upside: $115.5

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

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21. Gildan Activewear

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Ticker: GIL

Market Cap: $7.02B

Best Price Target Upside: $38.3

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

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22. Avadel Pharmaceuticals

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Ticker: AVDL

Market Cap: $916.02M

Best Price Target Upside: $18.75

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

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23. Ciena

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Ticker: CIEN

Market Cap: $7.18B

Best Price Target Upside: $67.55

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

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24. Asure

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Ticker: ASUR

Market Cap: $258.61M

Best Price Target Upside: $21

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

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25. CyberArk Software

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Ticker: CYBR

Market Cap: $6.13B

Best Price Target Upside: $173.8

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

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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%

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27. Corebridge Financial, Inc.

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Ticker: CRBG

Market Cap: $11.466B

Best Price Target Upside: $23

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

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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%

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29. Treace Medical Concepts

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Ticker: TMCI

Market Cap: $1.64B

Best Price Target Upside: $32

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

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30. Flywire

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Ticker: FLYW

Market Cap: $3.47B

Best Price Target Upside: $34.80

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

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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

Is AI stock a good buy? ›

Meanwhile, shares soared over 1,700% over the last two years as strong demand for AI computing products fueled rapid sales growth. The stock still carries a consensus rating of "buy" among Wall Street analysts, and the median price target of $965 per share implies 26% upside from its current price of $762 per share.

Which stocks will benefit from AI? ›

AI Stocks: Cloud Computing Giants

They include ServiceNow (NOW), Adobe (ADBE) and Workday (WDAY). So far, the biggest demand for AI chips has come from cloud computing giants and internet companies.

How accurate is AI in stock trading? ›

These coded algorithms are quite accurate in their predictions of stocks. 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.

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.

Who is the number one trader in the world? ›

George Soros

He is one of the most popular and famous traders worldwide. In England, Soros worked as a waiter or railway porter before he graduated from the London School of Economics. This finally led him to the banking world when he became a merchant banker at Singer and Friedlander.

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