Investors looking for promising stocks may want to consider recommendations from top Wall Street analysts. Several companies stand out as solid buying opportunities, showing significant upside potential based on recent evaluations.
Recommended Stocks to Buy Now
ASML (ASML)
ASML is a Dutch firm specializing in advanced lithography machines used in the production of high-tech computer chips. Recently, Mehdi Hosseini, an analyst from Susquehanna, reaffirmed a Buy rating on ASML. The price target is set at $1,150 per share, offering a potential upside of nearly 23% from current prices.
Ulta Beauty (ULTA)
Ulta Beauty, a prominent U.S. retail chain, provides a wide variety of cosmetics, skincare products, and salon services. Analyst Susan Anderson from Canaccord Genuity recently maintained a Buy rating but slightly adjusted the price target from $650 to $653 per share. This adjustment suggests an upside potential of about 20% from current levels.
Applied Digital (APLD)
Applied Digital focuses on constructing and operating high-performance computing data centers tailored for AI and cryptocurrency applications. Analyst John Todaro from Needham also reiterated a Buy rating for this stock. The price target has been raised from $21 to $41 per share, indicating nearly a 21% upside from its current price.
Conclusion
These stock recommendations from reputable analysts present strong investment opportunities. Investors are encouraged to conduct thorough research before making decisions and may consider utilizing tools like those offered by El-Balad for comprehensive insights.
