Top 5 Stocks to Buy in 2019
In 2018, stocks experienced a very rough ride, but some stocks still have a big chance to shine through the current year. The best stocks to invest in now go beyond the normal growth prospects. While looking for these kinds of investments, I examined five of the best stocks to invest in, all supported by the Street’s top analysts and with huge upside potential.
The Big-Data cruncher stock has upside potential of 50% say the Street’s top analysts! Currently, the stock is trading at $14.51 but analysts see it hitting $19.40 in the coming months. The stock has experienced some volatility in 2019, but it is now in a very promising setup. Indeed, year-to-date, the “Strong Buy” stock has surged 20%.
Jack Andrews (a five-star analyst from Needham), upgraded Cloudera to a “buy” rating at $31.
Easily evident from TipRanks, Cloudera (NYSE:CLDR) has a lot of Street support. Indeed, in the last few months, the Big-Data cruncher has received five buy ratings.
Dave & Buster’s (PLAY)
The hybrid game arcade and restaurant chain stock scored a rebound this year, but more upside is to come. Specifically, analysts expect 26% from the current share price, all the way from $51.00 to $63.67.
Stephen Anderson (Maxim Group’s Senior Vice President and Equity Research Analyst) is slightly more bullish than consensus; he believes the stock can soar to $64. Even though PLAY has experienced some short-term sales volatility, the Maxim Group’s Senior Vice President says that valuation remains very compelling.
In the last three months, Dave & Buster’s has received an impressive eight consecutive buy ratings. As a result, PLAY has a ‘Strong Buy’ analyst consensus. Out of these ratings, five come from best-performing analysts.
CBS Corp (CBS)
The media stock can climb nearly 31% in the next 12 months, say top analysts. This would see the stock trading at nearly $65 versus the current share price near $50.
A few months ago, David Miller (Imperial Capital) reiterated his “buy” rating. This was followed by a very bullish $76 price target. David expressed positivity in the outlook following strong fundamentals from “positive initiatives” put in place by the CBS former CEO.
Meanwhile, out of 14 recent ratings on CBS Corporation (NYSE:CBS), nine are buys. This means that in the last few months only five analysts have published hold ratings on the stock.
Sinclair Broadcast (SBGI)
Sinclair Broadcast Group is one of the U.S.’s largest and most diversified television station operators. After a rough 2018, top analysts see strong upside potential ahead for SBGI stock.
Previously, SBGI was named by Benchmark Capital as one of its Best Ideas for 1H18. Daniel Kurnos (Five-star Benchmark analyst), is eyeing $39 as a potential price target, a double-digit gain from its current perch of $34.96.
Sinclair has multiple upcoming catalysts over the next six months according to Kurnos. This includes the pending mega-deal between Tribune and Sinclair. The telecommunications conglomerate is currently waiting for regulatory approval for the $3.9 billion takeover that would give it control of 233 TV stations.
Top analysts are united in their bullish take on Sinclair. In the last three months, four analysts have published buy ratings on this strong buy stock.
Laureate Education (LAUR)
The largest network of for-profit higher education institutions, Laureate Education owns and operates over 200 programs, on campus and online, in over 29 countries. Analysts believe impressive upside is on the way. Currently, this is still a relatively cheap stock to buy at just $14.72.
Previously, Shlomo Rosenbaum (Stifel Nicolaus analyst) notes that Chile’s election result is a “material positive” for Laureate. He says Sebastian Pinera (the new President) is less likely to support legislation for free post-secondary education (the prospect of which has dampened prices to date). Shlomo currently has a $19 price target on the stock.
Overall, LAUR certainly has the Street’s seal of approval. The stock has scored three top analyst buy ratings recently. This includes a bullish call from one of TipRanks’ Top 20 analysts for 2017, BMO Capital’s Jeffrey Silber.