7 Best Stocks to Own Right Now in 2020

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 - NVIDIA (NASDAQ:NVDA)

Upgrades from Top-Ranked Analysts: 29 (in the last 90 days)
Consensus Rating: Buy
Rating Score: 2.7
Ratings Breakdown: 30 Buy Ratings, 5 Hold Ratings, 3 Sell Ratings.
Consensus Price Target: $512.17 (-0.5% Upside)

NVIDIA 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. Read More 

Recent Recommendations for NVIDIA:

• NVIDIA Co. (NASDAQ: NVDA) was upgraded by analysts at Zacks Investment Research from a "sell" rating to a "hold" rating. They now have a $541.00 price target on the stock. (9/15/2020)
• NVIDIA Co. (NASDAQ: NVDA) had its "buy" rating re-affirmed by analysts at Credit Suisse Group AG. They now have a $620.00 price target on the stock. (9/15/2020)
• NVIDIA Co. (NASDAQ: NVDA) had its price target raised by analysts at Needham & Company LLC from $600.00 to $700.00. They now have a "buy" rating on the stock. (9/15/2020)
• NVIDIA Co. (NASDAQ: NVDA) had its "buy" rating re-affirmed by analysts at Oppenheimer Holdings Inc.. They now have a $550.00 price target on the stock. (9/14/2020)
• NVIDIA Co. (NASDAQ: NVDA) had its "buy" rating re-affirmed by analysts at Bank of America Corp. They now have a $650.00 price target on the stock. (9/14/2020)
• NVIDIA Co. (NASDAQ: NVDA) was upgraded by analysts at Zacks Investment Research from a "sell" rating to a "hold" rating. They now have a $547.00 price target on the stock. (9/4/2020)
• NVIDIA Co. (NASDAQ: NVDA) had its "buy" rating re-affirmed by analysts at Goldman Sachs Group Inc. They now have a $585.00 price target on the stock, up previously from $528.00. (9/2/2020)

#2 - Amazon.com (NASDAQ:AMZN)

Upgrades from Top-Ranked Analysts: 28 (in the last 90 days)
Consensus Rating: Buy
Rating Score: 2.9
Ratings Breakdown: 47 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $3,388.77 (9.5% Upside)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores. Read More 

Recent Recommendations for Amazon.com:

• Amazon.com, Inc. (NASDAQ: AMZN) was upgraded by analysts at Sanford C. Bernstein from a "market perform" rating to an "outperform" rating. They now have a $3,400.00 price target on the stock. (9/22/2020)
• Amazon.com, Inc. (NASDAQ: AMZN) had its "buy" rating re-affirmed by analysts at Royal Bank of Canada. (9/18/2020)
• Amazon.com, Inc. (NASDAQ: AMZN) had its price target raised by analysts at Loop Capital from $2,900.00 to $3,775.00. (8/10/2020)
• Amazon.com, Inc. (NASDAQ: AMZN) had its "buy" rating re-affirmed by analysts at Barclays PLC. (8/3/2020)
• Amazon.com, Inc. (NASDAQ: AMZN) had its "buy" rating re-affirmed by analysts at Goldman Sachs Group Inc. (8/3/2020)
• Amazon.com, Inc. (NASDAQ: AMZN) had its "buy" rating re-affirmed by analysts at Royal Bank of Canada. (8/3/2020)
• Amazon.com, Inc. (NASDAQ: AMZN) had its price target raised by analysts at UBS Group AG from $3,000.00 to $4,000.00. They now have a "buy" rating on the stock. (7/31/2020)

#3 - FedEx (NYSE:FDX)

Upgrades from Top-Ranked Analysts: 28 (in the last 90 days)
Consensus Rating: Buy
Rating Score: 2.8
Ratings Breakdown: 18 Buy Ratings, 7 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $268.13 (7.2% Upside)

FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment offers shipping services for delivery of packages and freight. Its FedEx Ground segment provides business and residential money-back guaranteed ground package delivery services; and consolidates and delivers low-weight and less time-sensitive business-to-consumer packages. Read More 

Recent Recommendations for FedEx:

• FedEx Co. (NYSE: FDX) had its price target raised by analysts at Zacks Investment Research to $276.50. (9/21/2020)
• FedEx Co. (NYSE: FDX) had its price target raised by analysts at Deutsche Bank AG from $150.00 to $243.00. They now have a "hold" rating on the stock. (9/17/2020)
• FedEx Co. (NYSE: FDX) had its price target raised by analysts at UBS Group AG from $218.00 to $320.00. They now have a "buy" rating on the stock. (9/16/2020)
• FedEx Co. (NYSE: FDX) had its price target raised by analysts at Goldman Sachs Group Inc from $233.00 to $297.00. They now have a "conviction-buy" rating on the stock. (9/16/2020)
• FedEx Co. (NYSE: FDX) had its price target raised by analysts at Barclays PLC from $205.00 to $240.00. They now have an "equal weight" rating on the stock. (9/16/2020)
• FedEx Co. (NYSE: FDX) had its "buy" rating re-affirmed by analysts at JPMorgan Chase & Co.. They now have a $298.00 price target on the stock, up previously from $265.00. (9/16/2020)
• FedEx Co. (NYSE: FDX) had its price target raised by analysts at Wells Fargo & Company from $221.00 to $286.00. They now have an "overweight" rating on the stock. (9/16/2020)

#4 - Apple (NASDAQ:AAPL)

Upgrades from Top-Ranked Analysts: 24 (in the last 90 days)
Consensus Rating: Buy
Rating Score: 2.5
Ratings Breakdown: 28 Buy Ratings, 15 Hold Ratings, 4 Sell Ratings.
Consensus Price Target: $106.11 (-5.5% Upside)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, iPod touch, and other Apple-branded and third-party accessories. Read More 

Recent Recommendations for Apple:

• Apple Inc. (NASDAQ: AAPL) was upgraded by analysts at BNP Paribas from an "underperform" rating to an "outperform" rating. They now have a $140.00 price target on the stock, up previously from $77.00. (9/25/2020)
• Apple Inc. (NASDAQ: AAPL) had its "neutral" rating re-affirmed by analysts at UBS Group AG. They now have a $115.00 price target on the stock. (9/23/2020)
• Apple Inc. (NASDAQ: AAPL) had its "neutral" rating re-affirmed by analysts at Barclays PLC. They now have a $100.00 price target on the stock. (9/16/2020)
• Apple Inc. (NASDAQ: AAPL) was given a new $80.00 price target on by analysts at Goldman Sachs Group Inc. They now have a "sell" rating on the stock. (9/16/2020)
• Apple Inc. (NASDAQ: AAPL) had its "buy" rating re-affirmed by analysts at JPMorgan Chase & Co.. (9/16/2020)
• Apple Inc. (NASDAQ: AAPL) had its "neutral" rating re-affirmed by analysts at Sanford C. Bernstein. They now have a $100.00 price target on the stock. (9/16/2020)
• Apple Inc. (NASDAQ: AAPL) had its "neutral" rating re-affirmed by analysts at Credit Suisse Group AG. They now have a $95.00 price target on the stock. (9/16/2020)

#5 - Facebook (NASDAQ:FB)

Upgrades from Top-Ranked Analysts: 21 (in the last 90 days)
Consensus Rating: Buy
Rating Score: 2.9
Ratings Breakdown: 43 Buy Ratings, 4 Hold Ratings, 1 Sell Ratings.
Consensus Price Target: $283.36 (11.2% Upside)

Facebook, 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. Read More 

Recent Recommendations for Facebook:

• Facebook, Inc. (NASDAQ: FB) had its price target raised by analysts at Oppenheimer Holdings Inc. from $270.00 to $300.00. They now have an "outperform" rating on the stock. (9/22/2020)
• Facebook, Inc. (NASDAQ: FB) had its price target raised by analysts at Morgan Stanley from $285.00 to $295.00. They now have an "overweight" rating on the stock. (9/18/2020)
• Facebook, Inc. (NASDAQ: FB) is now covered by analysts at KeyCorp. They set an "overweight" rating and a $330.00 price target on the stock. (9/14/2020)
• Facebook, Inc. (NASDAQ: FB) had its price target raised by analysts at UBS Group AG from $242.00 to $330.00. They now have a "buy" rating on the stock. (8/25/2020)
• Facebook, Inc. (NASDAQ: FB) had its price target raised by analysts at HSBC Holdings plc from $190.00 to $195.00. They now have a "reduce" rating on the stock. (8/5/2020)
• Facebook, Inc. (NASDAQ: FB) had its price target raised by analysts at Argus from $270.00 to $300.00. They now have a "buy" rating on the stock. (8/4/2020)
• Facebook, Inc. (NASDAQ: FB) was given a new $242.00 price target on by analysts at UBS Group AG. They now have a "buy" rating on the stock. (7/31/2020)

#6 - Peloton (NASDAQ:PTON)

Upgrades from Top-Ranked Analysts: 21 (in the last 90 days)
Consensus Rating: Buy
Rating Score: 2.8
Ratings Breakdown: 26 Buy Ratings, 3 Hold Ratings, 1 Sell Ratings.
Consensus Price Target: $96.15 (-1.6% Upside)

Peloton Interactive, Inc provides interactive fitness products in North America. It offers connected fitness products, such as the Peloton Bike and the Peloton Tread, which include touchscreen that streams live and on-demand classes. The company also provides connected fitness subscriptions for multiple household users, and access to all live and on-demand classes, as well as Peloton Digital app for connected fitness subscribers to provide access to its classes. Read More 

Recent Recommendations for Peloton:

• Peloton (NASDAQ: PTON) had its price target raised by analysts at Argus from $55.00 to $100.00. They now have a "buy" rating on the stock. (9/15/2020)
• Peloton (NASDAQ: PTON) had its "buy" rating re-affirmed by analysts at KeyCorp. (9/14/2020)
• Peloton (NASDAQ: PTON) had its price target raised by analysts at UBS Group AG from $58.00 to $85.00. They now have a "neutral" rating on the stock. (9/11/2020)
• Peloton (NASDAQ: PTON) had its price target raised by analysts at Barclays PLC from $74.00 to $111.00. They now have an "overweight" rating on the stock. (9/11/2020)
• Peloton (NASDAQ: PTON) had its price target raised by analysts at BMO Capital Markets from $26.00 to $33.00. They now have an "underperform" rating on the stock. (9/11/2020)
• Peloton (NASDAQ: PTON) had its price target raised by analysts at JPMorgan Chase & Co. from $105.00 to $125.00. They now have an "overweight" rating on the stock. (9/11/2020)
• Peloton (NASDAQ: PTON) had its price target raised by analysts at Robert W. Baird from $90.00 to $120.00. They now have an "outperform" rating on the stock. (9/11/2020)

#7 - L Brands (NYSE:LB)

Upgrades from Top-Ranked Analysts: 20 (in the last 90 days)
Consensus Rating: Hold
Rating Score: 2.3
Ratings Breakdown: 10 Buy Ratings, 12 Hold Ratings, 3 Sell Ratings.
Consensus Price Target: $27.86 (-8.1% Upside)

L Brands, Inc operates as a specialty retailer of women's intimate and other apparel, beauty and personal care products, home fragrance products, and accessories. The company operates in three segments: Victoria's Secret, Bath & Body Works, and Victoria's Secret and Bath & Body Works International. Read More 

Recent Recommendations for L Brands:

• L Brands Inc (NYSE: LB) had its price target raised by analysts at Barclays PLC from $25.00 to $31.00. They now have an "equal weight" rating on the stock. (8/21/2020)
• L Brands Inc (NYSE: LB) had its price target raised by analysts at Morgan Stanley from $25.00 to $30.00. They now have an "equal weight" rating on the stock. (8/21/2020)
• L Brands Inc (NYSE: LB) had its price target raised by analysts at Royal Bank of Canada from $24.00 to $30.00. They now have a "sector perform" rating on the stock. (8/21/2020)
• L Brands Inc (NYSE: LB) had its price target raised by analysts at DA Davidson from $14.00 to $29.00. They now have a "neutral" rating on the stock. (8/21/2020)
• L Brands Inc (NYSE: LB) had its price target raised by analysts at KeyCorp from $28.00 to $38.00. They now have an "overweight" rating on the stock. (8/21/2020)
• L Brands Inc (NYSE: LB) had its "neutral" rating re-affirmed by analysts at Credit Suisse Group AG. They now have a $31.00 price target on the stock, up previously from $24.00. (8/21/2020)
• L Brands Inc (NYSE: LB) had its price target raised by analysts at Loop Capital from $10.00 to $15.00. They now have a "sell" rating on the stock. (8/21/2020)

 

Top Ten Brokerages You Can Trust

There are more than 500 brokerages and research houses that hire analysts to issue ratings and recommendations. Collectively, these brokerages and their analysts publish approximately 175,000 ratings each year. Every trading day, there are nearly 700 reports and recommendations that are released to the public. To say that it's difficult to separate the signal from the noise when interpreting this data would be an understatement.

MarketBeat has developed a system to track each brokerage and research house's stock recommendations and score them based on their past performance. If Goldman Sachs predicted that Apple's stock price was going to hit $150.00 on a specific date, how accurate were they? If Bank of America issued a "strong buy" rating on a stock, how did that stock perform compared to the broader market over the following twelve months. This tracking system has been applied to the 650,000+ ratings that MarketBeat has tracked during the last five years to identify which brokerages you can really trust (and which you can safely ignore).

This slide show lists the 10 brokerages who have issued the most accurate analyst recommendations over the past several years, as measured by the performance of their "buy" ratings and the accuracy of their price targets.

View the "Top Ten Brokerages You Can Trust" Here.