Alphabet ( GOOGL, $1,052.90), whose Google division is the largest ad-revenue-based internet business, has averaged 23% growth over the past 35 quarters and still is running hot.TipRanks consensus price target: $1,347.81 (28% upside potential).We used TipRanks to ensure that these picks also enjoy the support of top-performing analysts who have strong track records. These are stocks, large and small, that boast a “Strong Buy” analyst consensus and significant upside potential. With this outlook in mind, here are some of the analyst community’s top stock picks for 2019. That includes Deutsche Bank, whose 3,250 target for the S&P 500 next year implies more than 30% upside for the market! Many Wall Street analysts, in fact, predict upside in 2019.
The flip side? “Despite the volatility that we have witnessed in the global markets, for 2019 our analysts are maintaining a pro-growth, pro-cyclical bias,” RBC Capital writes in its 2019 outlook.
When you’re evaluating stock picks for 2019, expect more of the unexpected.Ĭontinued volatility seems unavoidable considering unsolved trade tensions and heightened worries about the Federal Reserve and interest-rate hikes. However, we enjoyed a surprising “Santa Claus” rally that saw the Dow climb more than 1,000 points – its biggest single-day point gain ever – on Dec. The Standard & Poor’s 500-stock index and Dow Jones Industrial Average were both on the precipice of bear markets late in the year. The market plunged to severe lows in both February and December, but all-time highs in September. Volatility was the name of the game for stocks in 2018.