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3 Best Stocks to Buy Now, 5/31/2023, 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.

Visa (NYSE:V) – Visa is a global digital payment technology company. Today, Bank of America Securities analyst Jason Kupferberg maintained a Buy rating on V stock with a price target of $270. Overall, the consensus 12-month price target of all eleven top analysts who recently rated the stock a Buy, implies an upside of 22.9%.

Five Below (NASDAQ:FIVE) – Five Below is an American chain store that offers products at huge discounts. Today, analyst, Jason Haas CFA, of Bank of America Securities maintained a Buy rating on FIVE stock with a price target of $242. Overall, the consensus 12-month price target of the nine out of ten top analysts who recently rated the stock a Buy, implies an upside of 27.5%.

Jacobs (NYSE:J– The company provides a diverse range of technical, professional, and construction services. Today, TD Cowen analyst Gautam Khanna reiterated a Buy rating to J stock with a $128 price target. Overall, the consensus 12-month price target of all five top analysts who recently rated the stock a Buy, implies an upside of 26%.

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.