Which stocks are analysts the most bullish on? Stocks with no ‘hold’ or ‘sell’ ratings- and a pure “Strong Buy” analyst consensus to boot. Using TipRanks powerful stock screener, we set out to pinpoint 5 stocks that command the unanimous support of the Street.
You can customize the screener settings to match your investment strategy. In this case we selected filters for mega/ large cap stocks with a Strong Buy consensus from both analysts and from best-performing analysts. These are the top analysts with the highest success rate and average return.
From the results, you can immediately see a pie chart showing the spread of analyst ratings on that stock over the last three months. And if you hover your mouse over the pie chart, the exact number of ratings (buy, hold and sell) pop up:
This makes it easy to spot stocks with only buy ratings- and if you want you can click on the stock to reveal its share price trajectory over time. This is important if you want to assess the volatility and general price trends for the stock over different time periods, from 5 days all the way to 5 years.
So without further delay, here are five top stocks that you should follow now:
1. Align Tech
Dental device company Align Tech (NASDAQ:ALGN) is the name behind the invisible orthodontics market (for example, see the Invisalign transparent teeth straighteners). In the last three months, ALGN has received 8 buy ratings. These analysts have an average $180 price target which suggests 6.4% upside potential from current share price.
“We reiterate our Buy rating on ALGN and raise our target price to $180, from $138, after ALGN again reported a robust 2Q beat on strong growth across all channels and markets” comments four-star Roth Capital analyst Chris Lewis.
Lewis is optimistic on Align’s opportunities in the teenager market and says that: The sustained teen acceleration leaves us increasingly encouraged that teen may be in the early stages of enjoying a long-term inflection. We view ALGN as one of the premier growth stories in Med Tech and continue to recommend the name as a core long-term holding.”
2. Alibaba Group
Chinese e-commerce giant Alibaba (NYSE:BABA) is on a roll. The stock has received 16 back-to-back buy ratings in last three months. We can also see that the $163 average analyst price target translates into 5.69% upside potential over the next 12 months.
The market is expecting BABA to reveal strong growth in its Q2 earnings report on August 10. In particular investors are looking for updates on Alibaba’s “new retail strategy” which mixes the online and offline worlds to create something new. For example, BABA now has 13 Hema supermarkets where customers can shop, dine and order groceries from their smartphones, pay with Alipay and scan barcodes for price and product information.
“We believe the future of New Retail will be a harmonious integration of online and offline, and Hema is a prime example of this evolution that’s taking place,” says Daniel Zhang, CEO of Alibaba.
3. Lam Research
This semiconductor supplier has received 11 buy ratings in the last three months and has an average analyst price target of $193.4. This equates into 23% upside potential from the current share price.
Edwin Mok, a five-star Needham analyst, raised his Lam Research (NASDAQ:LRCX) price target all the way from $175 to $200 on July 27. He referred to a “solid” 2H17 outlook on the back of strong memory demand and impressive execution.
Major US defense contractor Raytheon (NYSE:RTN) has received 6 buy ratings in the last three months. Furthermore, the stock has a $189.5 average analyst price target (10.51% upside from current share price).
Shares of RTN spiked to an all-time high at the end of last week after the company beat Q2 estimates and said that it was getting a boost from President Trump. “We have an administration now that is significantly supporting international work for the domestic U.S. industry and that has opened several doors for us,” CEO Tom Kennedy said on an investor call.
5. Visa Inc
Online payment giant Visa (NYSE:V) has received 11 buy ratings in last three months. Meanwhile with a $111.6 average analyst price target, analysts are predicting potential upside of 10.59% upside for this top stock.
Four-star Wedbush analyst Moshe Katri recently added the stock to the firm’s Best Ideas List because he is very bullish on the integration of Visa Europe. Visa snapped up Visa Europe for $23 billion a couple of years ago. At the same time he sees “Plenty of “juice” to fuel Visa’s long term, sustainable growth, including ongoing conversion of cash/check transactions to electronic payments (only 40% global penetration) transaction shift away from physical cards to digital and expansion into new segments.”