10 "Strong Buy" Stock Picks for a Spring Surge
Welcome back, bulls.
A stellar first quarter and a strong jobs report has sent the market into full-on rally mode. The Standard & Poor's 500-stock index has now gained nearly 15% since the start of the year. And several drivers - including the growing possibility of a trade deal with China - may give the broader stock indexes a chance at hitting all-time highs this spring.
With the 10-year bull-run back on track, we turned to TipRanks' Analysts' Top Stocks tool to pinpoint some of the market's most compelling investing opportunities. This tool reveals the companies with the most bullish "Strong Buy" consensus, based on top-performing analysts' ratings of these stock picks over the last three months.
Here are 10 of the analysts' best "Strong Buy" stock picks in anticipation of a continued rally. We've ranked them by potential upside based on analyst targets - from 4% to 103%.
Verint Systems
Market value: $4.1 billion
TipRanks consensus price target: $64.50 (4% upside potential)
TipRanks consensus rating: Strong Buy
Cybersecurity stock Verint Systems (VRNT, $62.04) is buzzing right now. The company delivered another robust round of quarterly financials and guidance near the end of March, leading to a big round of applause from the Street. "The Comeback Kid Delivers," writes Wedbush analyst Daniel Ives, who boosted his price target from $58 to $63. VRNT has been pushing toward that target ever since.
Ives says Verint is at a real inflection point, with investments in advanced technologies - such as machine learning and robotics - beginning to pay off.
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