SIOUX FALLS, S.D., July 24, 2021 /PRNewswire-PRWeb/
-- MarketBeat, a leading source for stock market data and
research tools, published its monthly list of The 10 Most Upgraded
Stocks by Wall Street Analysts in June
2021 this week.
Each year, MarketBeat tracks more than 165,000 distinct ratings
and recommendations issued by Wall Street analysts who study
publicly-traded companies for their institutional clients. These
rankings are based on the number of times a publicly-traded stock
was upgraded or had its price target increased by Wall Street
analysts in the month of June. MarketBeat All-Access subscribers
can use the site's Most-Upgraded Stocks Report to identify these
companies and segment them by country, market cap, sector, and
industry.
"Our Most-Upgraded Stocks Report continues to be the best tool
for researching stock analyst recommendations," said MarketBeat
founder and CEO Matt Paulson. "While
our subscribers can utilize the report to assess the short-term
fortunes of a stock, we are pleased to share this monthly ranking
with insight to the recent events that are impacting them."
The Top Ten Most Upgraded Stocks on MarketBeat in June 2021 are:
1. Facebook (NASDAQ: FB) – Out of the 39 analysts that cover the
stock, 28 have given the stock an upgrade.
2. Seagate Technology (NASDAQ: STX) – Since the beginning of June,
nine different analysts have increased their price targets for STX
stock.
3. Amazon (NASDAQ: AMZN) – AMZN stock recently broke out of a
year-long channel and based on analyst sentiment, it's likely that
the stock has higher to go.
4. Tourmaline Oil (OTCMKTS: TRMLF) – Risk-tolerant investors can
look at the analysts' 12-month price target that suggests a nearly
70% increase in the stock price.
5. Alphabet (NASDAQ: GOOGL) – Out of 43 analysts that cover
Alphabet, 42 give the stock a buy rating.
6. Visa (NYSE: V) – Over the last five years, V stock has climbed
over 200% making it one of the best buy-and-hold stocks you can
have.
7. Costco (NASDAQ: COST) – Costco makes its second consecutive
appearance on this list. The company announced it will pay out its
regular quarterly dividend in August which is likely to spur
investor interest in the stock.
8. Continental Resources (NYSE: CLR) – There's been a combination
of bullish and bearish reports from analysts. However, the news has
been more good than bad and that's why CLR stock is, at this time,
a favorite of analysts.
9. United Parcel Service (NYSE: UPS) – The company's revenue and
earnings surged during the pandemic and continue to be strong as
the economy recovers.
10. LBrands (NYSE: LB) – LBrands has been one of the strongest
retail stocks since the end of 2020. The stock has been the object
of strong institutional buying in the second quarter of 2021.
Find the full report at marketbeat.com.
About MarketBeat
MarketBeat is a financial media company based in Sioux Falls, South Dakota. MarketBeat's
mission is to empower individual investors to make better trading
decisions by providing real-time financial information and
objective market research. More than 2.3 million investors receive
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MarketBeat also publishes a network of financial news websites,
including insidertrades.com and pricetargets.com, which garner more
than 25 million pageviews each month, a suite of web-based
investment research software called MarketBeat All Access, and a
mobile stock research app on iOS and Android. For more information,
visit marketbeat.com.
Media Contact
Ngoc Thach, MarketBeat, +1 (605)
940-8824, ngoc@mixmaker.info
SOURCE MarketBeat