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3 Best Stocks to Buy Now, 5/8/2024, According to Top Analysts 
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3 Best Stocks to Buy Now, 5/8/2024, 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 recently 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. 

Smart Global Holdings (NASDAQ:SGH) – This company develops memory and storage solutions. Yesterday, Needham analyst Quinn Bolton maintained a Buy rating on the stock with a price target of $27 per share. In the last three months, all four Top Analysts covering the stock have rated it a Buy. Taken together, their 12-month price targets imply an upside of about 53%.

indie Semiconductor (NASDAQ:INDI) –  This is an automotive semiconductor company. Yesterday, Craig-Hallum Analyst Anthony Stoss assigned a Buy rating on the stock. In the last three months, all three Top Analysts covering the stock have rated it a Buy. Taken together, their 12-month price targets imply an upside of about 104%.

Cogent Biosciences (NASDAQ:COGT) –  This is a biotechnology company that develops real solutions for genetic diseases. Yesterday, LifeSci Capital Analyst Sam Slutsky maintained a Buy rating on the stock with a price target of $16 per share. Interestingly, three out of the four Top Analysts who recently rated the stock gave it a Buy. Taken together, their 12-month price targets imply an upside of about 106%. 

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. The Top Analysts have each earned a five-star ranking, thanks to the accuracy and profitability of their ratings over time. 

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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