10 Strong Buy Stocks With up to 243% Upside, According to Top Analysts

The positive news helped send the S&P 500 above 5,000 for the first time last week. The Dow and Nasdaq were also in record-high territory on Monday.

Whether the major indexes can continue to rally is anyone’s guess. Jay Woods, the chief global strategist of Freedom Capital Markets, referred to the recent price moves as “a ridiculous rally” in a February 12 note. He added that the climb is bound to lose momentum soon, pointing to the S&P 500’s Relative Strength Index, which tracks the speed and size of stocks’ price moves, as a sign that the market is overbought and could soon pull back.

Investors who want to continue riding the momentum upward may need to move to individual stocks. The 10 stocks listed below have “strong buy” ratings with the highest upsides based on top analysts’ price targets among mega, large, mid, and small-cap stocks. 

TipRanks, a market research provider, rates analysts based on the following three main criteria:

1. Success Rate: The success rate measures the number of times an expert’s recommendations or transactions result in a profit. It is calculated by comparing the number of winning transactions to the total number of transactions made by the expert over a defined period, typically one year.

2. Average Return: The average return measures the performance of an expert’s recommendations or transactions. It calculates the average return achieved for all the transactions made by the expert over a defined period.

3. Statistical Significance: The statistical significance factor takes into account the number of transactions made by the expert. The more transactions an expert has, the more significant the results become.