Analysts just increased the price targets for these 10 stocks

In this article, we discuss the 10 stocks for which analysts just raised price targets. If you want to skip our detailed analysis of these actions, go directly to Analysts just increased the price targets for these 5 stocks.

The US economy has rebounded sharply from 2020 lows this year, posting incredible growth figures that have even eclipsed the level of business activity before the pandemic. Despite inflation fears due to increased demand for goods in recent weeks, the US Federal Reserve has refused to raise interest rates, although several policymakers project rates will increase next year. International Monetary Fund chief economist Gita Gopinath said inflationary pressures would mostly normalize by next year.

In a maintenance Along with Nikkei Asia, Gopinath also sought to allay concerns surrounding the collapse of real estate giant Evergrande in China, noting that the country was more than able to limit the impact of the crisis on markets around the world. The economist also expressed concern about the tightening of US monetary policy in the emerging world in the coming years. The IMF had previously lowered global economic forecast at 5.9% versus 6% due to supply chain disruptions and inflationary pressures.

In light of these developments, investment advisers have been busy updating economic forecasts for individual stocks. Financial stocks with strong fundamentals dominate the recent updates, with some surprises as well. Some of the top stocks that analysts have just raised price targets for include Airbnb, Inc. (NASDAQ:ABNB), BlackRock, Inc. (NYSE:BLACK) and APA Corporation (NASDAQ:APA), among others discussed in detail below. The IMF has forecast that high inflation will fall back to pre-pandemic levels in 2022.

Our methodology

In this context, here is our list of the 10 stocks for which analysts have just increased price targets. All of the companies listed below had their price targets raised by an investment advisor this week.

The hedge sentiment around each stock was assessed using data from 873 hedge funds tracked by Insider Monkey. The list is based on the number of hedge funds with holdings in each company.

Why pay attention to hedge fund holdings? Insider Monkey’s research has identified in advance a select group of hedge funds that have outperformed S&P 500 ETFs by more than 86 percentage points since March 2017. Between March 2017 and July 2021, the selections of actions in our monthly newsletter returned 186.1%, compared to 100.1% for ESPION. Our stock picks outperformed the market by over 86 percentage points (see details here). This is why we believe that hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can sign up for our free newsletter on our homepage to get our stories delivered to your inbox.

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Analysts just increased the price targets for these stocks

10. Bicycle Therapeutics plc (NASDAQ:BCYC)

Number of hedge fund holders: 12

Bicycle Therapeutics plc (NASDAQ: BCYC) recently reported positive data from a cancer drug study that won the company’s praise from several investment advisers. It is ranked tenth on our list of 10 stocks for which analysts have just raised price targets. Roth Capital, Cantor Fitzgerald and HC Wainwright all raised share price targets after the cancer drug’s results were released.

Reni Benjamin, analyst at JPM Securities, maintained an outperformance rating on Bicycle Therapeutics plc (NASDAQ: BCYC) stock on October 14 and raised the price target to $ 85 from $ 53, noting that new drugs in development of the company exhibited “strong clinical activity”.

At the end of the second quarter of 2021, 12 hedge funds in Insider Monkey’s database held $ 162 million in Bicycle Therapeutics plc (NASDAQ: BCYC), up from 11 in the previous quarter of a worth $ 155 million.

Just like Airbnb, Inc. (NASDAQ: ABNB), BlackRock, Inc. (NYSE: BLK) and APA Corporation (NASDAQ: APA), Bicycle Therapeutics plc (NASDAQ: BCYC) is one of the stocks catching the attention of investors. institutional.

9. América Móvil, SAB de CV (NYSE:AMX)

Number of hedge fund holders: 13

América Móvil, SAB de CV (NYSE: AMX) is ranked ninth on our list of 10 stocks for which analysts have just raised price targets. The company recently announced that it will merge its Chilean operations with Liberty Latin America in a joint venture that is expected to reach more than 6 million homes via the fixed network over the next three years. In wireless, the company also reported impressive numbers, adding 4.2 million subscribers to the network between March and June of this year.

Barclays analyst Gilberto Garcia maintained an overweight position in América Móvil, SAB de CV (NYSE: AMX) on October 14 and raised the price target to $ 21 from $ 19. The stock climbed 1% after the odds update.

On hedge funds tracked by Insider Monkey, a New York-based investment firm Renaissance technologies is a major shareholder of América Móvil, SAB de CV (NYSE: AMX) with 2.6 million shares worth over $ 40 million.

Besides Airbnb, Inc. (NASDAQ: ABNB), BlackRock, Inc. (NYSE: BLK) and APA Corporation (NASDAQ: APA), América Móvil, SAB de CV (NYSE: AMX) is one of the stocks on the radar of elite investors.

8. American Equity Investment Life Holding Company (NYSE:AEL)

Number of hedge fund holders: 20

American Equity Investment Life Holding Company (NYSE: AEL) recently underwent a major management change, appointing Axel Andre as the new CFO. Andre previously served at AIG and Goldman Sachs. The company has solid fundamentals. It topped market estimates on second quarter earnings per share. The company is ranked eighth on our list of 10 stocks for which analysts have just raised price targets.

American Equity Investment Life Holding Company (NYSE: AEL) received a new price target of $ 33 at Morgan Stanley on October 14, down from $ 31 earlier. The rating was kept on par in the update.

At the end of the second quarter of 2021, 20 hedge funds in Insider Monkey’s database had $ 187 million in holdings in American Equity Investment Life Holding Company (NYSE: AEL), up from 24 in the previous quarter. valued at $ 262 million.

Along with Airbnb, Inc. (NASDAQ: ABNB), BlackRock, Inc. (NYSE: BLK) and APA Corporation (NASDAQ: APA), American Equity Investment Life Holding Company (NYSE: AEL) is one of the stocks that hedge funds are buying.

7. Brighthouse Financial, Inc. (NASDAQ:BHF)

Number of hedge fund holders: 26

Shares of Brighthouse Financial, Inc. (NASDAQ: BHF) have returned more than 54% to investors in the past year. It is ranked seventh on our list of 10 stocks for which analysts have just raised price targets. The company recently filed a registration statement for an unspecified amount of mixed securities. It is intended to use the product for general business purposes. In the second quarter, the company beat market expectations for earnings per share by $ 1.95.

Investment bank Morgan Stanley raised the stock price target for Brighthouse Financial, Inc. (NASDAQ: BHF) to $ 55 from $ 53 with an Equal Weight rating on October 14. The new target implies an upside potential of 11% over the current share price.

On hedge funds tracked by Insider Monkey, a New York-based investment firm Capital Green Light is a major shareholder of Brighthouse Financial, Inc. (NASDAQ: BHF) with 3.6 million shares worth over $ 165 million.

Airbnb, Inc. (NASDAQ: ABNB), BlackRock, Inc. (NYSE: BLK), and APA Corporation (NASDAQ: APA) are some of the best stocks to buy now, as are Brighthouse Financial, Inc. (NASDAQ: BHF).

In its letter to investors for the 4th quarter of 2020, Miller Value Partners, an asset management company, put forward a few stocks and Brighthouse Financial, Inc. (NASDAQ:BHF) was one of them. here this is what the fund says:

“In addition, we recently increased the size of our position in Brighthouse Financial (BHF), one of the largest annuity and life insurance companies in the United States. new less capital intensive activity. Brighthouse is targeting nearly $ 9 billion in annual annuity sales by the end of 2021 (doubling 2017 levels) and is increasing its life insurance business ten-fold over the same period. The company is targeting a capital intensive business of 18% by 2025 (half of 2016 levels), which should further improve future cash generation. The company’s capital ratios remain strong and well above regulatory requirements. Management is aggressively handing money over to shareholders, targeting a total of $ 1.5 billion in share buybacks by the end of 2021 and withdrawing nearly a third of their outstanding shares. While the market remains concerned about the impact of falling interest rates and their capital intensive activities, we believe the share price is ignoring these concerns and see the potential impact. subside over the coming years. Brighthouse’s equity appears to be significantly poorly valued, ending the year with a discount greater than 70% to book value and a 3x price / earnings multiple, a significant discount to its peers and overall. of the market.

6. Angi Inc. (NASDAQ:ANGI)

Number of hedge fund holders: 26

Angi Inc. (NASDAQ: ANGI) works in the interactive media and service industry. Earlier this week, the company’s stock price jumped more than 3.5% after the measures showed the company’s earnings jumped 18% in September. It is ranked sixth on our list of 10 stocks for which analysts have just raised price targets. The company has a market capitalization of almost $ 6 billion.

On October 14, investment advisor Wells Fargo reiterated an overweighting of Angi Inc. (NASDAQ: ANGI) stock and raised the price target to $ 16 from $ 14. The company’s shares jumped more than 3% after the upgrade.

At the end of the second quarter of 2021, 26 hedge funds in Insider Monkey’s database had $ 313 million in holdings in Angi Inc. (NASDAQ: ANGI), up from 35 in the previous quarter of a worth $ 309 million.

Among the elite buy now stocks are Airbnb, Inc. (NASDAQ: ABNB), BlackRock, Inc. (NYSE: BLK) and APA Corporation (NASDAQ: APA), along with Angi Inc. (NASDAQ: ANGI). .

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Disclosure. Nothing. Analysts just increased the price targets for these 10 stocks was originally published on Insider Monkey.

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