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3 Best Stocks to Buy Now, 8/4/2023, According to Top Analysts
Stock Analysis & Ideas

3 Best Stocks to Buy Now, 8/4/2023, 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 today and has a significant upside as well.

Pick the best stocks and maximize your portfolio:

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.

Cytokinetics (NASDAQ:CYTK) – It is a biopharmaceutical company focused on developing medicines for patients suffering from diseases characterized by compromised muscle function. Today, Barclays analyst Carter Gould reiterated a Buy rating on the stock with a price target of $58. All the four top analysts covering the stock have a Buy rating. The average of their 12-month price targets implies an upside of over 85%.

Figs (NYSE:FIGS– It is direct-to-consumer healthcare apparel and lifestyle company. Today, Guggenheim analyst Robert Drbul reaffirmed a Buy rating on the stock with a price target of $10. The stock has received Buy ratings from three of the four top analysts who have recently rated it. Collectively, their average 12-month price target implies an upside of 42.5%.

Bunge (NYSE:BG) – It is one of the leading agribusiness and food companies. On Thursday, BMO Capital analyst Andrew Strelzik reiterated a Buy rating on the stock with a price target of $140. Four of the five top analysts who recently rated the stock gave it a Buy. Collectively, their 12-month price targets imply an upside of about 21%

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. 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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