Wall Street Analysts Share Top 5 ‘Strong Buy’ Stocks

Navigating the financial landscape has been a rollercoaster ride for investors over the past year. From surging inflation to steep interest rate hikes, the economy has faced numerous challenges. These tumultuous events caused US stock indexes to suffer their worst performances since the 2008 financial crisis, amplifying concerns of a looming recession.

To manage the uncertainties of the macroeconomic landscape, one strategy is to focus on specific companies rather than broader market trends. Goldman Sachs referred to 2023 as a stock-picker’s environment, where company-specific factors play a more significant role in market performance than macro forces. However, if diving into company fundamentals and earnings calls isn’t your cup of tea, you can draw inspiration from the analysts on Wall Street.

TipRanks, a fintech company that employs artificial intelligence to analyze data, compiled a list of the 30 stocks that top analysts most frequently endorse with “strong buy” ratings. These ratings were given in the week leading up to May 26, providing valuable insights for potential investors. The selection criteria for top analysts are based on TipRanks’ four or five-star ratings, which consider an analyst’s average returns, their success or failure with recommendations, and the frequency of corrections and transactions they make.

Let’s take a closer look at some of the stocks that made the cut:

1. Ambarella (AMBA) Sector: Technology Market Cap: $2.84B Top Analysts’ Price Target – upside/downside: 26.68%
2. Siemens Energy (SMEGF) Sector: Industrials Market Cap: $20.09B Top Analysts’ Price Target – upside/downside: 18.04%
3. Applied Science Products (APLD) Sector: Financial Market Cap: $850.71M Top Analysts’ Price Target – upside/downside: 24.78%
4. Glencore (GLCNF) Sector: Industrials Market Cap: $63.83B Top Analysts’ Price Target – upside/downside: 51.23%
5. Royal Caribbean (RCL) Sector: Services Market Cap: $19.92B Top Analysts’ Price Target – upside/downside: 17.31%

These are just a few examples from the diverse range of stocks endorsed by top analysts. The list includes companies from various sectors, such as technology, healthcare, financials, and more. Each stock’s upside potential, as projected by the top analyst, is also provided.

So, whether you prefer a more hands-on approach or want guidance from experienced analysts, this list can serve as a valuable resource for potential investment opportunities. Remember, thorough research and due diligence are essential before making any investment decisions.