Sizzling Summer Stock Watchlist: 8 Red-Hot Tickers You Can't Ignore
The summer heat is on and investor enthusiasm is scorching for a handful of stocks generating significant buzz. Our editors have their eyes locked on 8 sizzling tickers that analysts are raving about and momentum meters are lighting up.
It's time to break out the sunscreen and soak up the rays of these potential money-making opportunities before the summer sun sets. Here's why these stocks have caught fire across Wall Street:
S&P Global (SPGI) - This leading financial data provider earns a crisp buy rating from Oppenheimer citing a $486 price target, over 25% above current levels. Five total analysts echo the bullish call with consensus expecting $507 on average, supported by strong buy signals from TradingView and Barchart.
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SM Energy (SM) - While analysts hold a neutral stance on the oil and gas explorer, their $57.60 mean forecast suggests roughly 20% upside could be brewing. Barchart's weak buy call adds to the intrigue around SM's undervalued share price.
BlackRock (BLK) - The asset management king draws elite praise with 4 straight buy ratings and an average $955.50 target hinting at nearly 20% gains ahead. Even Barchart's typically tough checklist turns up a weak buy endorsement for BLK.
Elanco Animal Health (ELAN) - Talk about a dogfight! Despite mixed analyst views (5 buys, 1 hold), experts universally see ELAN's downtrodden shares staging a rally. Their $19.40 average forecast implies nearly 25% return potential from current levels.
MKS Instruments (MKSI) - This under-the-radar tech play offers sizzling return prospects according to the buy-side. While Wells Fargo holds a pedestrian hold rating, the other 5 analysts scream buy with shares deemed 20% undervalued at $147.60. Barchart underscores the opportunity with a rare strong buy signal.
Tesla (TSLA) - Never a dull moment with the EV leader. Analysts are split down the middle with an average $220 price target - a lofty 38% premium to current quotes. Of course, the wild $120 bearish call from Wells screams controversy and suggests potential fireworks ahead for the volatile stock.
Gauzy Ltd. (GAUZ) - The under-the-radar materials play has analysts pounding the table based on 3 buy calls and a $22 mean target hinting at nearly 50% upside potential. With scant coverage so far, GAUZ offers an intriguing off-the-radar opportunity.
Birkenstock (BIRK) - The comfortable shoe maker has struck a chord across the Street, earning 5 buy ratings including a $69.20 average target implying nearly 25% gains ahead. With the summer months approaching, stepping into BIRK could be fashionable.
There you have it - a tantalizing watchlist of hot stocks to spice up your portfolio this summer. While upside remits, volatility could also strike given the high-risk, high-reward credentials.
Ratings and data pulled from TradingView, Barchart, Yahoo Finance, and leading financial research firms. Investors should always do their own due diligence before buying or selling any securities.