Log in

7 Best Stocks to Own Right Now in 2020

Posted on Sunday, January 26th, 2020 by MarketBeat Staff

Today, we are inviting you to view our list of the seven best stocks to own for the next thirty days.

Why is it worth looking into these stocks? Some of Wall Street's most respected and most accurate research analysts have been upgrading these stocks and raising their price targets for these companies.

No, we're not talking recommendations from some no-name blogger or a junior analyst from a brokerage you've never heard of. These stocks have received multiple positive recommendations in the last 30 days from analysts that have received four star and five star rankings from MarketBeat's proprietary brokerage ranking system.

Analysts given four star and five star ratings from MarketBeat consistently issue accurate price targets and their buy recommendations often outperform the market by double digits. Buy recommendations from our current top-rated brokerage, National Securities, have gone up by an average of 47.5% in the 12 months after they were issued.

We've reviewed every research report published by these top-rated analysts in the last 90 days and have identified seven stocks that these analysts are poised for an immediate breakout.

#1 - Apple (NASDAQ:AAPL)

Upgrades from Top-Ranked Analysts: 20 (in the last 90 days)
Consensus Rating: Hold
Rating Score: 2.5
Ratings Breakdown: 24 Buy Ratings, 12 Hold Ratings, 5 Sell Ratings.
Consensus Price Target: $283.26 (-11.0% Upside)

Apple logoApple Inc. designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems. It also provides iTunes Store, an app store that allows customers to purchase and download, or stream music and TV shows; rent or purchase movies; and download free podcasts, as well as iCloud, a cloud service, which stores music, photos, contacts, calendars, mail, documents, and others. In addition, the company offers AppleCare support services; Apple Pay, a cashless payment service; Apple TV that connects to consumers' TVs and enables them to access digital content directly for streaming video, playing music and games, and viewing photos; and Apple Watch, a personal electronic device, as well as AirPods, Beats products, HomePod, iPod touch, and other Apple-branded and third-party accessories. The company serves consumers, and small and mid-sized businesses; and education, enterprise, and government customers worldwide. It sells and delivers digital content and applications through the iTunes Store, App Store, Mac App Store, TV App Store, Book Store, and Apple Music. The company also sells its products through its retail and online stores, and direct sales force; and third-party cellular network carriers, wholesalers, retailers, and resellers. Apple Inc. was founded in 1977 and is headquartered in Cupertino, California.

Recent Recommendations for Apple:

  • Apple Inc. (NASDAQ: AAPL) had its price target raised by analysts at Rosenblatt Securities from $150.00 to $250.00. They now have a "sell" rating on the stock. (1/24/2020)
  • Apple Inc. (NASDAQ: AAPL) had its "hold" rating re-affirmed by analysts at KeyCorp. (1/23/2020)
  • Apple Inc. (NASDAQ: AAPL) had its price target raised by analysts at Bank of America Corp from to . (1/23/2020)
  • Apple Inc. (NASDAQ: AAPL) was given a new $275.00 price target on by analysts at Credit Suisse Group AG. They now have a "neutral" rating on the stock. (1/21/2020)
  • Apple Inc. (NASDAQ: AAPL) had its "buy" rating re-affirmed by analysts at DA Davidson. They now have a $375.00 price target on the stock. (1/21/2020)
  • Apple Inc. (NASDAQ: AAPL) had its price target raised by analysts at Morgan Stanley from $296.00 to $368.00. They now have an "overweight" rating on the stock. (1/17/2020)
  • Apple Inc. (NASDAQ: AAPL) had its price target raised by analysts at Nomura from $225.00 to $280.00. They now have a "neutral" rating on the stock. (1/17/2020)
#2 - NVIDIA (NASDAQ:NVDA)

Upgrades from Top-Ranked Analysts: 19 (in the last 90 days)
Consensus Rating: Buy
Rating Score: 2.7
Ratings Breakdown: 28 Buy Ratings, 11 Hold Ratings, 1 Sell Ratings.
Consensus Price Target: $229.15 (-8.5% Upside)

NVIDIA logoNVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users. The and Tegra Processor segment integrates an entire computer onto a single chip, and incorporates GPUs and multi-core CPUs to drive supercomputing for autonomous robots, drones, and cars, as well as for consoles and mobile gaming and entertainment devices. The company was founded by Jen-Hsun Huang, Chris A. Malachowsky, and Curtis R. Priem in January 1993 and is headquartered in Santa Clara, CA.

Recent Recommendations for NVIDIA:

  • NVIDIA Co. (NASDAQ: NVDA) had its price target raised by analysts at UBS Group AG from $240.00 to $300.00. They now have a "buy" rating on the stock. (1/23/2020)
  • NVIDIA Co. (NASDAQ: NVDA) was upgraded by analysts at Needham & Company LLC from an "underperform" rating to a "hold" rating. (1/13/2020)
  • NVIDIA Co. (NASDAQ: NVDA) had its price target raised by analysts at Argus from $240.00 to $300.00. They now have a "buy" rating on the stock. (1/13/2020)
  • NVIDIA Co. (NASDAQ: NVDA) had its price target raised by analysts at UBS Group AG from $250.00 to $300.00. They now have a "positive" rating on the stock. (1/10/2020)
  • NVIDIA Co. (NASDAQ: NVDA) had its price target raised by analysts at Bank of America Corp from $275.00 to $300.00. They now have a "buy" rating on the stock. (1/10/2020)
  • NVIDIA Co. (NASDAQ: NVDA) had its "buy" rating re-affirmed by analysts at Royal Bank of Canada. (1/3/2020)
  • NVIDIA Co. (NASDAQ: NVDA) had its price target raised by analysts at Benchmark Co. from $240.00 to $275.00. They now have a "buy" rating on the stock. (12/31/2019)
#3 - Facebook (NASDAQ:FB)

Upgrades from Top-Ranked Analysts: 14 (in the last 90 days)
Consensus Rating: Buy
Rating Score: 2.9
Ratings Breakdown: 46 Buy Ratings, 2 Hold Ratings, 1 Sell Ratings.
Consensus Price Target: $241.01 (10.6% Upside)

Facebook logoFacebook, Inc. provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way. It also provides Oculus, a hardware, software, and developer ecosystem, which allows people to come together and connect with each other through its Oculus virtual reality products. As of December 31, 2018, it had approximately 1.52 billion daily active users. The company was founded in 2004 and is headquartered in Menlo Park, California.

Recent Recommendations for Facebook:

  • Facebook, Inc. (NASDAQ: FB) had its price target raised by analysts at KeyCorp from $240.00 to $263.00. They now have an "overweight" rating on the stock. (1/24/2020)
  • Facebook, Inc. (NASDAQ: FB) had its price target raised by analysts at Credit Suisse Group AG from $270.00 to $274.00. They now have an "outperform" rating on the stock. (1/24/2020)
  • Facebook, Inc. (NASDAQ: FB) had its "buy" rating re-affirmed by analysts at Barclays PLC. They now have a $260.00 price target on the stock. (1/22/2020)
  • Facebook, Inc. (NASDAQ: FB) had its price target raised by analysts at Pivotal Research from $225.00 to $245.00. They now have a "buy" rating on the stock. (1/22/2020)
  • Facebook, Inc. (NASDAQ: FB) had its price target raised by analysts at Morgan Stanley from $250.00 to $270.00. They now have an "overweight" rating on the stock. (1/21/2020)
  • Facebook, Inc. (NASDAQ: FB) had its price target raised by analysts at UBS Group AG from $235.00 to $250.00. They now have a "buy" rating on the stock. (1/17/2020)
  • Facebook, Inc. (NASDAQ: FB) had its price target raised by analysts at Deutsche Bank AG from $270.00 to $280.00. They now have a "buy" rating on the stock. (1/14/2020)
#4 - Splunk (NASDAQ:SPLK)

Upgrades from Top-Ranked Analysts: 12 (in the last 90 days)
Consensus Rating: Buy
Rating Score: 2.8
Ratings Breakdown: 28 Buy Ratings, 4 Hold Ratings, 1 Sell Ratings.
Consensus Price Target: $162.41 (3.4% Upside)

Splunk logoSplunk, Inc. engages in the development and marketing of software solutions. Its products include Splunk cloud, Splunk light, and Splunk enterprise. It also offers solutions for information technology operations, security, internet-of-things, application analytics, business analytics, and industries. The company was founded by Erik M. Swan, Michael J. Baum and Robin K. Das in October 2003 and is headquartered in San Francisco, CA.

Recent Recommendations for Splunk:

  • Splunk Inc (NASDAQ: SPLK) had its price target raised by analysts at Argus from $156.00 to $190.00. They now have a "buy" rating on the stock. (1/21/2020)
  • Splunk Inc (NASDAQ: SPLK) had its price target raised by analysts at Wells Fargo & Co from $175.00 to $200.00. They now have an "overweight" rating on the stock. (1/16/2020)
  • Splunk Inc (NASDAQ: SPLK) was downgraded by analysts at First Analysis from an "outperform" rating to a "neutral" rating. They now have a $157.00 price target on the stock. (1/14/2020)
  • Splunk Inc (NASDAQ: SPLK) had its price target raised by analysts at SunTrust Banks, Inc. from $175.00 to $190.00. They now have a "buy" rating on the stock. (1/14/2020)
  • Splunk Inc (NASDAQ: SPLK) had its price target raised by analysts at Morgan Stanley from $169.00 to $185.00. They now have an "overweight" rating on the stock. (1/13/2020)
  • Splunk Inc (NASDAQ: SPLK) had its price target raised by analysts at Credit Suisse Group AG from $150.00 to $170.00. They now have an "outperform" rating on the stock. (1/13/2020)
  • Splunk Inc (NASDAQ: SPLK) had its "buy" rating re-affirmed by analysts at UBS Group AG. They now have a $176.00 price target on the stock. (1/13/2020)
#5 - Autodesk (NASDAQ:ADSK)

Upgrades from Top-Ranked Analysts: 12 (in the last 90 days)
Consensus Rating: Hold
Rating Score: 2.4
Ratings Breakdown: 12 Buy Ratings, 6 Hold Ratings, 3 Sell Ratings.
Consensus Price Target: $191.29 (-4.0% Upside)

Autodesk logoAutodesk, Inc. operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; AutoCAD LT, a professional drafting and detailing software; BIM 360, a construction management cloud-based software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections software products for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment industries. It also provides Inventor tools for 3D mechanical design, simulation, analysis, tooling, visualization, and documentation; Maya and 3ds Max software products that offer 3D modeling, animation, effects, rendering, and compositing solutions; and PlanGrid, a cloud-based field collaboration software, which provides general contractors, subcontractors, owners, and architects access to construction information in real-time. In addition, the company offers Revit software for building information modeling; and Shotgun, a cloud-based software for review and production tracking in the media and entertainment industry. Autodesk, Inc. sells its products and services to customers directly, as well as through distributors and resellers. The company was founded in 1982 and is headquartered in San Rafael, California.

Recent Recommendations for Autodesk:

  • Autodesk, Inc. (NASDAQ: ADSK) was upgraded by analysts at Deutsche Bank AG from a "hold" rating to a "buy" rating. They now have a $230.00 price target on the stock. (1/21/2020)
  • Autodesk, Inc. (NASDAQ: ADSK) was downgraded by analysts at Oppenheimer Holdings Inc. from an "outperform" rating to a "market perform" rating. (1/17/2020)
  • Autodesk, Inc. (NASDAQ: ADSK) had its price target raised by analysts at Wells Fargo & Co from $200.00 to $240.00. They now have an "overweight" rating on the stock. (1/16/2020)
  • Autodesk, Inc. (NASDAQ: ADSK) had its price target raised by analysts at Royal Bank of Canada from $189.00 to $205.00. They now have an "outperform" rating on the stock. (1/13/2020)
  • Autodesk, Inc. (NASDAQ: ADSK) had its price target raised by analysts at Credit Suisse Group AG from $185.00 to $210.00. They now have an "outperform" rating on the stock. (1/13/2020)
  • Autodesk, Inc. (NASDAQ: ADSK) was downgraded by analysts at Sanford C. Bernstein from an "outperform" rating to a "market perform" rating. They now have a $197.00 price target on the stock, up previously from $189.00. (1/13/2020)
  • Autodesk, Inc. (NASDAQ: ADSK) had its price target raised by analysts at Morgan Stanley from $164.00 to $187.00. They now have an "equal weight" rating on the stock. (1/13/2020)
#6 - Nike (NYSE:NKE)

Upgrades from Top-Ranked Analysts: 12 (in the last 90 days)
Consensus Rating: Buy
Rating Score: 2.6
Ratings Breakdown: 25 Buy Ratings, 6 Hold Ratings, 3 Sell Ratings.
Consensus Price Target: $106.59 (4.5% Upside)

Nike logoNIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories: running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel. In addition, the company sells a line of performance equipment and accessories, including bags, socks, sport balls, eyewear, timepieces, digital devices, bats, gloves, protective equipment, and other equipment under the NIKE brand for sports activities; various plastic products to other manufacturers; athletic and casual footwear, apparel, and accessories under the Jumpman trademark; casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks; and action sports and youth lifestyle apparel and accessories under the Hurley trademark. Further, it licenses agreements that permit unaffiliated parties to manufacture and sell apparel, digital devices, and applications and other equipment for sports activities under NIKE-owned trademarks. NIKE, Inc. sells its products to footwear stores; sporting goods stores; athletic specialty stores; department stores; skate, tennis, and golf shops; and other retail accounts through NIKE-owned retail stores, digital platforms, independent distributors, licensees, and sales representatives. The company was formerly known as Blue Ribbon Sports, Inc. and changed its name to NIKE, Inc. in 1971. NIKE, Inc. was founded in 1964 and is headquartered in Beaverton, Oregon.

Recent Recommendations for Nike:

  • Nike Inc (NYSE: NKE) had its "buy" rating re-affirmed by analysts at Goldman Sachs Group Inc. They now have a $114.00 price target on the stock. (1/21/2020)
  • Nike Inc (NYSE: NKE) was given a new $120.00 price target on by analysts at Deutsche Bank AG. They now have a "buy" rating on the stock. (1/1/2020)
  • Nike Inc (NYSE: NKE) was given a new $112.00 price target on by analysts at Credit Suisse Group AG. They now have a "buy" rating on the stock. (1/1/2020)
  • Nike Inc (NYSE: NKE) was upgraded by analysts at Goldman Sachs Group Inc to a "buy" rating. (12/31/2019)
  • Nike Inc (NYSE: NKE) was given a new $120.00 price target on by analysts at Deutsche Bank AG. They now have a "buy" rating on the stock. (12/26/2019)
  • Nike Inc (NYSE: NKE) was given a new $112.00 price target on by analysts at Credit Suisse Group AG. They now have a "buy" rating on the stock. (12/26/2019)
  • Nike Inc (NYSE: NKE) had its price target raised by analysts at Argus from $105.00 to $115.00. They now have a "buy" rating on the stock. (12/24/2019)
#7 - Advanced Micro Devices (NASDAQ:AMD)

Upgrades from Top-Ranked Analysts: 12 (in the last 90 days)
Consensus Rating: Hold
Rating Score: 2.4
Ratings Breakdown: 13 Buy Ratings, 14 Hold Ratings, 1 Sell Ratings.
Consensus Price Target: $39.66 (-21.2% Upside)

Advanced Micro Devices logoAdvanced Micro Devices, Inc. operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles. The company provides x86 microprocessors for desktop PCs under the AMD Ryzen, AMD Ryzen PRO, Threadripper, AMD A-Series, AMD FX, AMD Athlon, AMD Athlon PRO, and AMD Pro A-Series processors brands; microprocessors for notebook and 2-in-1s under the AMD Ryzen processors with Radeon Vega GPUs, AMD A-Series, AMD Athlon, AMD Ryzen PRO, and AMD Pro A-Series processors brands; microprocessors for servers under the AMD EPYC and AMD Opteron brands; and chipsets under the AMD trademark. It also offers discrete GPUs for desktop and notebook PCs under the AMD Radeon graphics and AMD Embedded Radeon brands; professional graphics products under the AMD Radeon Pro and AMD FirePro graphics brands; and Radeon Instinct accelerators for servers. In addition, the company provides embedded processor solutions for interactive digital signage, casino gaming, and medical imaging under the AMD Opteron, AMD Athlon, AMD Geode, AMD Ryzen, AMD EPYC, AMD R-Series, and G-Series processors brands; and customer-specific solutions based on AMD's CPU, GPU, and multi-media technologies, as well as semi-custom SoC products. It serves original equipment and design manufacturers, datacenters, original design manufacturers, system integrators, distributors, and add-in-board manufacturers through its direct sales force, independent distributors, and sales representatives. Advanced Micro Devices, Inc. was founded in 1969 and is headquartered in Santa Clara, California.

Recent Recommendations for Advanced Micro Devices:

  • Advanced Micro Devices, Inc. (NASDAQ: AMD) had its price target raised by analysts at Wells Fargo & Co from $48.00 to $55.00. They now have an "overweight" rating on the stock. (1/7/2020)
  • Advanced Micro Devices, Inc. (NASDAQ: AMD) was upgraded by analysts at Zacks Investment Research from a "sell" rating to a "hold" rating. They now have a $53.00 price target on the stock. (1/3/2020)
  • Advanced Micro Devices, Inc. (NASDAQ: AMD) had its price target raised by analysts at Nomura from $40.00 to $58.00. They now have a "buy" rating on the stock. (1/2/2020)
  • Advanced Micro Devices, Inc. (NASDAQ: AMD) had its price target raised by analysts at Rosenblatt Securities from $52.00 to $65.00. They now have a "buy" rating on the stock. (12/31/2019)
  • Advanced Micro Devices, Inc. (NASDAQ: AMD) had its price target raised by analysts at Royal Bank of Canada from $50.00 to $53.00. They now have an "outperform" rating on the stock. (12/24/2019)
  • Advanced Micro Devices, Inc. (NASDAQ: AMD) had its price target raised by analysts at Morgan Stanley from $32.00 to $42.00. They now have an "equal weight" rating on the stock. (12/18/2019)
  • Advanced Micro Devices, Inc. (NASDAQ: AMD) had its "buy" rating re-affirmed by analysts at Nomura. (12/17/2019)




Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel