What are the best stocks to buy now? According to top Wall Street analysts, the two stocks listed below are strong buys. Each stock recently received a new Buy rating and also shows significant upside potential.
To find more stocks like this, check out TipRanks’ Analyst Top Stocks tool. It shows you a real-time list of all stocks recently rated by top analysts.
Here are today’s top stock picks, according to analysts. Click on any ticker to thoroughly research the stock before deciding whether to add it to your portfolio.
Practice Precision Medicines (NASDAQ:PRAX) –This is a clinical-stage biopharmaceutical company. Yesterday, Piper Sandler analyst Yasmeen Rahimi gave the stock a “Buy” rating with a price target of $270. Over the past three months, all four top analysts covering the stock have rated it a Buy. Combined, their 12-month price targets suggest nearly 219% upside potential.
Pure storage (NYSE:PSTG ) – This company develops all-flash data storage hardware and software products. Yesterday, Guggenheim analyst Howard Ma initiated coverage on the stock with a Buy rating and a $48 price target. Interestingly, nine of the 11 top analysts who have recently covered the stock have given it a Buy rating. Combined, their 12-month price targets suggest nearly 32% upside potential.
Who are the top analysts?
TipRanks ranks financial analysts based on the success rate of their ratings and the average return for each of their ratings. Thanks to the accuracy and profitability of their reviews over time, the top analysts have each earned a five-star rating. See real-time analyst rankings and learn more about the performance of the top analysts on TipRanks’ Top Wall Street Analysts page.