Wall Street’s top analysts are betting on buy-rated stocks like DraftKings and Etsy right now

Boosted by fresh stimulus hopes, the markets have rallied this week. But the overall picture remains one of volatility and uncertainty. As yet no stimulus deal has actually been agreed, and with so many different factors at play (with the coronavirus vaccines, and upcoming elections) it’s not easy to pinpoint stocks poised to outperform.



a police car parked in a parking lot: An employee pulls carts towards a Walmart store in Lakewood, California, July 16, 2020.


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An employee pulls carts towards a Walmart store in Lakewood, California, July 16, 2020.

One way to find the most compelling investing opportunities is to follow the latest stock recommendations from analysts with a proven track record of success. TipRanks analyst forecasting service attempts to pinpoint Wall Street’s best-performing analysts. These are the analysts with the highest success rate and average return measured on a one-year basis — factoring in the number of ratings made by each analyst. 

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What’s more all six stocks covered below don’t just have the support of one top analyst. These stocks all score a ‘Strong Buy’ Street consensus on TipRanks, based on all the top analyst ratings published over the last three months.

Here are the best-performing analysts’ six favorite stocks right now:

DraftKings

Five-star Needham analyst Brad Erickson has just initiated coverage of sports betting giant DraftKings. He kicked off his coverage with a buy rating and $70 price target.

“We view DKNG as one of the leading beneficiaries as online sports betting and gambling take off in the U.S. – an opportunity we size between $42 and $58 billion annually longer-term” the analyst stated on September 30.

Looking forward, he expects the regulatory tailwind to persist and believes online providers’ access to data creates a structurally better user experience vs. brick & mortar.

“Thanks to DKNG’s data-centric approach to customer acquisition and its leading brand & marketing approach, we believe the company could

Wall Street’s top analysts are unanimously bullish on stocks like Amazon and CarMax

How can you find compelling investing opportunities in the current environment? With market volatility set to rise in the coming weeks, it’s best to be prepared. October is a notoriously volatile month, and this week’s heated presidential election debate did little to calm the markets — especially with the looming prospect of a contested election result down the line.



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However, there are still stocks out there ready to outperform — you just have to find them. One possible way forward is to follow stock recommendations from analysts with a proven track record of success. TipRanks analyst forecasting service reveals the analysts with the highest success rate and average return measured on a one-year basis — factoring in the number of ratings made by each analyst. 

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Most importantly, the stocks highlighted below have scored only buy ratings from these top analysts in the last three months. No holds, no sells. That means these stocks boast a unanimously bullish Street outlook right now.

Here are the best-performing analysts’ six favorite stocks right now:

Amazon

With no less than 36 recent buy ratings from top analysts, it’s clear that Amazon is riding a wave of bullish Street sentiment right now. After an upgrade from Bernstein’s Mark Shmulik on September 22, the stock scores a clean slate of buy ratings across the board.  

Shmulik boosted his rating after admitting that he “undervalued the power of being the sole e-commerce demand aggregator.” Covid has pulled forward secular trends, says Shmulik, from e-commerce to digital advertising and cloud, with Amazon a primary beneficiary across all three revenue pools. 

At the same time, Amazon’s logistics strength is a key upside driver worth highlighting. “We believe investors under-appreciate the magnitude of the strategy behind, & the implications of, the dramatic buildout in