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Best Stocks to Buy Now, 11/1/2023, According to Top Analysts
Stock Analysis & Ideas

Best Stocks to Buy Now, 11/1/2023, 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 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.

Alibaba Group (NYSE:BABA– Alibaba is a provider of e-commerce, retail, Internet, and technology services. Yesterday, Truist Financial analyst Youssef Squali reiterated a Buy rating on the stock with a price target of $126. In the last three months, all six Top Analysts covering the stock rated it a Buy. Collectively, their 12-month price targets imply an upside of over 74%.

Matador Resources (NYSE:MTDR– This independent energy company is focused on the exploration, development, and production of oil and natural gas resources. Yesterday, Mizuho Securities analyst Nitin Kumar, CFA, maintained a Buy rating on the stock with a price target of $83. Interestingly, all six Top Analysts who recently rated the stock gave it a Buy. Taken together, their 12-month price targets imply an upside of about 27%.

Axonics Modulation (NASDAQ:AXNX) – This healthcare company specializes in the development and commercialization of neuromodulation devices. Yesterday, Piper Sandler analyst Adam Maeder reaffirmed a Buy rating on the stock with a price target of $75. In the last three months, all three Top Analysts rated the stock a Buy. Collectively, their 12-month price targets imply an upside of nearly 41%.

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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