Top Analysts: 7 ‘Strong Buys’ You Should Turn To Now

Which 7 stocks have top analysts buzzing right now? Market choppiness means some intriguing buying opportunities are now at hand. Indeed, Wells Fargo’s head of equity strategy, Chris Harvey, has just told CNBC that the recent sell-off has unlocked value and created a “great opportunity.” “People act as if this was a spectator sport, not a contact sport. We want people to pick up that value,” Harvey said. But which stocks should you be focusing on?

In this case, we filtered the options to best-rated stocks in the last month from any sector and with any market cap size. We crunched the data and pinpointed seven compelling ‘strong buy’ stocks that are trending right now. 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 at how this plays out now:

1. Marvell (MRVL – Research Report)

This semiconductor stock has just held an upbeat analyst day- sparking 13 Buy ratings from the Street. This includes an all-important upgrade from BMO’s Ambrish Srivastava (Track Record & Ratings).

“We have stayed on the sidelines long enough. We like the valuation, we find the risk/reward attractive ($6 upside/$2 downside), find estimates reasonable, especially after Marvell cleared the deck on the Cavium estimates, and management has built a track record of executing.” cheered Srivastava. He thus raised his rating on shares to Outperform with a $24 target price (36% upside from current levels).

At the analyst event management singled out 5G as MRVL’s largest growth/upside driver going forward, while announcing a $1 billion share buyback authorization (up from $300M previously).

2. Alibaba (BABA – Research Report)

Analysts are long-term optimistic on China’s e-commerce giant despite mixed Q2 results. Alibaba’s Q2 ESP of 9.60 yuan ($1.40) came in well above the 7.43 yuan expected by the Street. However, BABA also cut its full-year sales forecast by 4-6% due to concerns over the economic impact of a U.S.-China trade spat.