Analysts say these 3 stocks are their top pick for 2021
The year is passing, and most of us will say ‘good puzzle’. Is there any evidence that the market is back on its way up? Summer saw huge gains on Wall Street, possibly a bubble, but certainly a bull market. September saw its slide, October saw a partial rebound, while November started with a bang ̵1; or to be more precise, an explosion. Some Wall Street analysts see time left for some smart stocks to play in volatile environments and they’re tagging their top picks to start the new year on a high note. Let’s take a closer look. SVB Financial Group (SIVB) The first stock on the list is Silicon Valley’s largest deposit holder. SVB Financial Group is the parent company that owns the Bank of Silicon Valley, a commercial bank specializing in high-tech venture capital. Since its founding in the 1980s, SVB has provided funding to more than 30,000 startups while also becoming a financial services provider for the vineyards of the Napa Valley. Worked in the affluent areas of the San Francisco Bay Area and maintains offices. in other financial centers around the world – London, Hong Kong, and Toronto, among others – the Silicon Valley Bank is well-positioned to weather the halo crisis. The bank’s revenue increased in 2020, from $ 807 million in Q1, to $ 860 million in Q2, to $ 1.08 billion in Q3. Earnings, after sliding in Q1, are also on a rising trend; Q3 EPS came to $ 8.47, 55% higher than forecast. The bank’s shares have reflected strong financial performance. Analyst Michael Diana wrote: “SIVB which remains our top banking choice so far has risen 27%, after recovering from a mid-winter market crash. Franchising; and 2) the growth impact of that franchise … In our opinion, the environment for VC-backed companies has improved, especially for technology and life sciences companies. life is at the heart of SIVB… we expect that SIVB’s deposits, loan volumes and investments / warrants all increase in value by 2021. ”Diana rates SIVB as Buys and Items His $ 335 spend implies another 10% increase next year. (To see Diana’s performance, click here) Overall, SVB Holdings has a Moderate Buy rating from the consensus of analysts, based on 13 recent reviews, including 10 Buy, 2 Hold, and 1 Sale. (See SIVB stock analysis on TipRanks) Danaher Corporation (DHR) The second stock on the list is a global diversification conglomerate headquartered in Washington, DC. Danaher works in science and technology, bringing together a wide range of companies through acquisitions and collaborations. Danaher operates three businesses, Life Science, Environmental & Applied Diagnostics and Solutions. Danaher has been doing well through 2020, echoing its normal rising earnings pattern from Q1 – but based on steroids. First quarter EPS was low, at $ 1.05, but quickly rose to $ 1.44 in Q2 and then to $ 1.72 in Q3. Q3 results are 25% higher than expected. Revenue follows a similar path, rising from $ 4.3 billion in Q1 to $ 5.9 billion in Q3. “We believe DHR has one of the best product categories in the Tools group to address the current COVID-19 challenges (bioremediation, Dx). Over the next few quarters, joint growth The conventional two-digit core collection appears achievable, in part driven by these COVID-19. Looking beyond the current pandemic, we believe management’s comment on the Growth of the business portfolio, a strategy to harness the long-term revenue from the need to boost COVID-19 in the short term, and the M&A capacity (we estimate ~ $ 15 billion + over the next 12 months) will help build confidence that DHR is currently reasonably built to generate sustainable HSD core sales growth.This would be an impressive growth profile for an Instrument company with a near market cap ~ $ 200 billion and much higher than current consensus estimates. “Schenkel chose. Schenkel, who was rated 56 out of more than 7,000 analysts in the TipRa database. nks, DHR share rating is Outperform (ie Buy). His price target of $ 275 shows a 12% increase over the next 12 months. (To view Schenkel’s tracking profile, click here) Overall, Danaher boasts a Strong Buy analyst consensus rating and that’s unanimous – the stock has received 6 Buys in the weeks recently. (See DHR stock analysis on TipRanks) Boston Beer (SAM) The last stock on today’s list is a stock that you may be familiar with. Boston beer is the owner of Sam Adams, a famous beer named after the patriot of the colonial era. Boston Beer is the fourth largest brewery in the US, generating $ 1.33 billion in revenue for 2019. So far, 2020 has been a good year for Boston Beer. To put it bluntly, the social embargo policies that keep people at home have caused many of them to turn to beer for comfort, and Boston Beer has a top-notch brand name. The company’s earnings have been steadily rising this year, from $ 1.32 in Q1 to $ 6.10 in Q3. In the top row, revenue has grown from $ 330 million in the first quarter. to $ 492 million in Q3. Of the shares on this list, Boston Beer has shown the strongest stock price gain ever. Analyst Vivien Azer, who holds 5 stars with TipRanks, looked at the company’s latest Q3 results and was very impressed. Therefore, Azer reiterated SAM as her Top Choice. “SAM easily beat our consensus estimate in 3Q (historically the quarter with their largest EPS, at 40% in 2019)… company expects * all * brands theirs will increase By 2021… Despite the uncertain reality of COVIDs, selective shades inform prospects ahead of company expectations: 1) delayed shelves… 2) vision for capacity internal and outsourcing and 3) double outlook Azer writes: In line with his optimistic outlook, Azer rates the stock as Buy with a $ 1,250 price target. Her goals show a 17% increase next year. (To see Azer’s performance, click here) Overall, SAM shares received a Moderate Buy rating from the consensus of Wall Street analysts. Stock has 9 reviews recently, dropped to 6 Buy and 3 Hold. (See SAM stock analysis on TipRanks) For good ideas for trading stocks at attractive valuations visit the Best Stocks to Buy of TipRanks, a consolidation newly launched instrument. all knowledge about the equity of TipRanks. of prominent analysts. Content is used for informational purposes only. It is very important to do your own analysis before making any investments.