Top Analysts Are Betting On These 5 Hot Stocks For 2018

As we edge closer to the new year, we decided to see which stocks have significant support from TipRanks best-performing analysts. Which top stocks will elevate your portfolio for 2018?

We turned to TipRanks’ powerful Analysts’ Top Stocks tool for the latest market insights. Top-recommended stocks are selected based on a TipRanks’ developed formula, factoring in ratings made by the best performing analysts. These are the analysts that have the highest success rate and average return. We used the following filters to find our hot stocks list:

The best part is that you can order the results by upside potential — a crucial factor in assessing a stock’s growth potential. We also scanned the stocks to ensure that they have an overall ‘Strong Buy’ analyst consensus rating.

Now let’s take a closer look at five of the most compelling stock ideas generated by the Top Stocks tool:

1. Sarepta Therapeutics (SRPT)

Biopharma Sarepta Therapeutics (NASDAQ:SRPT) is soaring right now, and top analysts are confident that this stock still has further room to grow. As we can see from the screenshot below, analysts are predicting that Sarepta can climb by a further 29% over the next 12 months. Meanwhile, the stock has a Strong Buy analyst consensus with 12 buy ratings and only 1 hold rating in the last three months.

Sarepta is a commerical-stage biopharma which focuses on the treatment of rare neuromuscular diseases. Primarily, the company is busy developing its product candidates for Duchenne muscular dystrophy (DMD). And SRPT recently released  “very positive” results on its newest DMD therapy called golodirsen Exon-53.

Top Cowen & Co analyst Ritu Barel says she is “very encouraged” by the results and expects Sarepta to release full data in early November, including safety and tolerability findings. Five-star Barel has a confident $69 price target on Sarepta (36% upside).

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Disclaimer: TipRanks is an independent cloud based service that measures and ranks digitally published financial advice. TipRanks' natural language processing (NLP) algorithms aggregate and ...

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