Stock Analysis & Ideas

3 Stocks to Buy Today, 3/20/2023, According to Top Analysts

Which stocks are best to buy today? 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 stocks. Click on any ticker to thoroughly research the stock before you decide whether to add it to your portfolio.

Enphase Energy (NASDAQ:ENPH) – Enphase is one of the leading providers of microinverter-based solar-plus-storage systems. Today, Raymond James analyst Pavel Molchanov upgraded ENPH stock to Buy from Hold, with a price target of $225. The stock’s 12-month price prediction based on the consensus of 14 top analysts, of whom 11 have a Buy rating, implies an upside of 63.5%.

Immunovant (NASDAQ:IMVT) Immunovant is a clinical-stage biopharmaceutical company focused on developing therapies for autoimmune diseases. Today, H.C. Wainwright analyst Douglas Tsao reiterated a Buy rating on Immunovant stock with a price target of $26. Overall, the consensus 12-month price target of five top analysts, all of whom have a Buy rating, suggests an upside of 74%.

Marvell Technology (NASDAQ:MRVL) Marvell offers data infrastructure semiconductor solutions for computing, networking, security, and storage purposes. Of the 22 top analysts covering Marvell, 20 gave it a Buy. On Friday, BMO Capital analyst Ambrish Srivastava reiterated a Buy rating on Marvell with a price target of $65. Further, the consensus 12-month price forecast of top analysts for MRVL stock indicates an upside of 38.5%.

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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