5 Best-rated Stocks Trending Into 2018

Which 5 stocks have all the top analysts buzzing right now? TipRanks financial accountability engine tracks stock recommendations from over 4,700 analysts- so using the Trending Stocks tool we set out to find the Street’s hottest trending stocks.

In this case, we filtered the options to best-rated stocks in the last week from any sector and with any market cap size. We crunched the data and pinpointed five very compelling ‘strong buy’ stocks that are trending into 2018. You can see the average analyst price target and in green the upside percentage from the current share price. This represents a crucial indicator of the stock’s price potential over the next 12 months. To delve deeper simply click on the ticker.

Let’s take a closer look now:

Micron

Over the last five days, semiconductor hot stock Micron (Nasdaq:MU) has received a whopping 13 buy ratings and just 2 hold ratings. Analysts believe (on average) that Micron has big upside potential of 30% from the current share price. This would take MU from $44.12 all the way to $57.65. Bear in mind, MU has already doubled year-to-date.

Five-star Rajvindra Gill assigned a buy rating to MU with a very confident $76 price target on December 20 (72% upside). He wonders why the market is undervaluing MU and sees big potential for the stock in 1) 3D NAND transition, which generates a significant cost advantage (30%-35%), and 2) technology limitations in DRAM supply growth.

“We believe investors are focusing too heavily on a NAND pricing decline to see the big picture. With another record quarter and guide (beat revenue and EPS consensus by 5.6% and 11.4%, respectively) in the bag, Micron is on track to generate quarterly EPS of nearly $2.50 or roughly $10 per share of annualized earnings” says Gill.

Note that this analyst is worth following. He is ranked #43 out of over 4,700 analysts tracked by TipRanks.