In the ever-evolving world of the stock market, staying informed about the latest trends and analyst coverage can be crucial for investors looking to make informed decisions. Here, we highlight seven stocks that are currently trending with recent analyst coverage, each offering substantial upside potential based on their respective target prices.
1. Amazon (AMZN)
Analyst: Ivan Feinseth, Tigress Financial
Upside Potential: 46.97%
Amazon (AMZN), a behemoth in the e-commerce and technology industry, has caught the attention of analyst Ivan Feinseth at Tigress Financial. With a target price of $210.00, Feinseth sees significant upside potential for Amazon, highlighting the company’s resilience and potential for future growth.
2. Plug Power (PLUG)
Analyst: Amit Dayal, H.C. Wainwright
Upside Potential: 396.55%
Amit Dayal at H.C. Wainwright has set a target price of $18.00 for Plug Power (PLUG), a company at the forefront of green energy solutions. With remarkable upside potential of 396.55%, this endorsement reflects confidence in Plug Power’s role in the renewable energy sector.
3. First Solar (FSLR)
Analyst: Andrew Percoco, Morgan Stanley
Target: $214.00 (HOLD rating)
Upside Potential: 61.23%
First Solar (FSLR) is in the spotlight with analyst Andrew Percoco from Morgan Stanley. While he assigns a HOLD rating, the target price of $214.00 suggests notable upside potential of 61.23%. This assessment acknowledges First Solar’s position in the renewable energy industry.
4. Rivian Automotive (RIVN)
Analyst: Dan Levy, Barclays
Upside Potential: 66.31%
Dan Levy at Barclays has a target price of $27.00 for Rivian Automotive (RIVN), an electric vehicle manufacturer. With an upside potential of 66.31%, this endorsement underlines the growing interest in the EV market and Rivian’s role in it.
5. Paypal Holdings (PYPL)
Analyst: Jason Kupferberg, Bank of America Securities
Upside Potential: 41.44%
Paypal Holdings (PYPL) has garnered attention from Jason Kupferberg at Bank of America Securities. With a target price of $77.00, Kupferberg sees notable upside potential of 41.44% for Paypal, reflecting the company’s influence in the digital payment space.
6. Enphase Energy (ENPH)
Analyst: Tom Curran, Seaport Global
Upside Potential: 88.82%
Enphase Energy (ENPH), a leader in solar energy technology, has received a target price of $147.00 from analyst Tom Curran at Seaport Global. With an impressive upside potential of 88.82%, this endorsement highlights Enphase Energy’s role in the renewable energy revolution.
7. Biogen (BIIB)
Analyst: Paul Matteis, Stifel Nicolaus
Upside Potential: 41.21%
Paul Matteis at Stifel Nicolaus has set a target price of $315.00 for Biogen (BIIB), a biotechnology company. With an upside potential of 41.21% (as of November 11, 2023), this assessment acknowledges Biogen’s significance in the healthcare and biopharmaceutical sectors.
These 7 stocks have garnered recent analyst coverage, each with its unique potential for substantial upside growth. As of November 11, 2023, the mentioned upside potential percentages provide valuable insights into these stocks’ prospects. As always, readers should conduct their research and consider their investment goals and risk tolerance before making any investment decisions. Analyst ratings are valuable insights, but the market remains dynamic and unpredictable.