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3 Best Stocks to Buy Now, 5/22/2023, According to Top Analysts

Which stocks are best to buy now? According to top Wall Street analysts, the three stocks listed below are Strong Buys. Each stock received a new Buy rating today and has a significant upside as well.

To find more stocks like these, take a look at TipRanks’ Analyst Top Stocks tool. It shows you a real-time list of all stocks that have been recently rated by top-ranking analysts.

Here are today’s top stock picks, according to analysts. Click on any ticker to thoroughly research the stock before you decide whether to add it to your portfolio.

Cytokinetics (NASDAQ:CYTK) – The biopharma company develops muscle activators as potential treatments for debilitating diseases. Today, H.C. Wainwright analyst Joseph Pantginis reiterated a Buy rating on CYTK stock with a price target of $49. Overall, the consensus 12-month price target of all six top analysts who recently rated the stock a Buy, implies an upside of 51.4%.

Palo Alto Networks (NASDAQ:PANW) – Palo Alto Networks offers an enterprise cybersecurity platform. Today, analyst Andrew Nowinski of Wells Fargo maintained a Buy rating on PANW stock with a price target of $250. Overall, the consensus 12-month price target of the 20 out of 21 top analysts who recently rated the stock a Buy, implies an upside of 22.2%.

Avidity Biosciences (NASDAQ:RNA) – The biotechnology company develops oligonucleotide-based therapies. Today, Evercore ISI analyst Joshua Schimmer upgraded the rating on RNA stock to Buy with a price target of $20. Overall, the consensus 12-month price target of the two out of three top analysts who recently rated the stock a Buy, implies an impressive upside of 288.2%.

Who are the Top Analysts?

TipRanks ranks financial analysts according to the success rates of their ratings and the average return on each of their ratings. See real-time analyst rankings and learn more about the performance of top analysts on TipRanks’ Top Wall Street Analysts page.

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Radhika Saraogi
With experience of over six years in the equity research domain, Radhika Saraogi joined TipRanks as a stock news and financial analysis writer in 2021. Over the years, she has followed and analyzed U.S. companies across various industries, with a primary focus on banks and asset management stocks. Previously, Radhika worked with Zacks Investment Research, Inc. Radhika pursued her education in India, where she graduated with a bachelor’s degree in Finance and has cleared seven papers of Actuarial Science. Radhika continues to build her expertise in the domain by pursuing a professional course to attain Chartered Financial Analyst designation. Currently, she is living in Bangalore, India, with her husband. As hobbies, Radhika loves to explore new places and master cooking skills.