Some information below is based/sourced from TipRanks

*TipRanks compiles ratings for stocks listed on the NASDAQ and NYSE, monitors the success of analysts around the globe offering stock advice, and keeps tabs on the gains achieved by leading hedge funds and corporate insiders. We take this information and then filter out the companies to which we think are the best 5 picks out of the complied information, as well as our own personal views. Please note that this is not advice but our favourite stocks currently.*

Top 5 Picks For The Next 12 Months

1. Amazon

AMZN currently has 41 analyst ratings on TipRanks. All 41 analysts have presented a ‘strong buy’ or ‘buy’ rating, giving the stock an expected performance rating of 10’10. As a result, the average price target for the next 12 months is $219.

After the most recent earnings call, the EPS for the fiscal year ending December 2024 is now $4.67. It has been revised up by 14.46% from the previous $4.08.

AMZN current stock price - $187. The potential upside from the current price is 17%

2. Walt Disney

DIS currently has 23 analyst ratings on TipRanks. 22 of those are a ‘strong buy’ or ‘buy’ and 1 is a ‘hold’. DIS also has a performance rating of 10/10. The company’s 12-month average price target is now $134.

After the most recent earnings report, DIS has raised its full-year adjusted growth target to 25% from 20%.

DIS current stock price is $105. The potential upside from the current price is 27%.

3. Microsoft

MSFT currently has 33 analyst ratings on TipRanks. 31 of those are ‘strong buy’ or ‘buy with 1 ‘hold’ and 1 ‘strong sell’ or ‘sell’. MSFT’s performance rating still sits at a solid 8/10.

After the most recent quarterly earnings, MSFT’s EPS for fiscal 2024 has now increased to $11.76 from $11.65.

MSFT’s stock currently trades at around $408 a share. The average analyst price target for the next 12 months is $489 a share. This implies a potential upside return of 20%.

4. ServiceNow

NOW holds 29 analyst ratings on TipRanks. 27 of those are a ‘strong buy’ or ‘buy’ with 2 ‘hold’ ratings. The results in a performance rating of 9/10. NOW’s 12-month target sits at $867.

Over the past week and after the earnings at the back of April, the 2024 EPS forecast increased to $6.49 from $6.47.

NOW’s current stock price - $713. The potential upside from the current price is 21%. 

5. Home Depot

HD currently has 27 analyst ratings on TipRanks. 20 of those are a ‘strong buy’ or ‘buy, 5 are a ‘hold’ and 2 are a ‘sell’ or ‘strong sell’. Nonetheless, Home Depot still holds a performance rating of 8/10.

HD is yet to report its quarterly earnings, with the date set for May 14^th. The EPS forecast for 2024 currently sits at $14.96.

HD’s current stock price sits at $338. Its 12-month average price target is $387, which is a potential upside return of 14%.