US stocks with the highest average 12-month price targets by analysts screened by FactSet, whose forecast has only gone up in past three months.
Diamondback Energy, is the Oil and gas drilling company, having the most bullish forecast in that list. According to Wall Street analysts believe, the Diamondback shares are expected to jump 44%, over the next 12 months, and year to date rise in Diamondback Energy stock is of. Diamondback Energy stock also has the most “buy” ratings on the Wall Street.
The analyst at the Bank of America Merrill Lynch had set a price target of $170 for Diamondback Energy in May, by saying that it’s a top pick because of a transformational recent acquisition, and a top-notch execution, that increased the shareholder friendly initiatives and the above average oil leverage.
General Motors Company is second most picked up stock, as analysts at Wall Street see a 25% upside to General Motors Stock that has had a volatile year. In month of June GM stock edged higher after the company reported higher than expected first quarter profit, as it trimmed the costs and also sold more expensive vehicles.
Last week, the Credit Suisse initiated coverage on General Motors Stock as “outperform”, saying that the company has done a very good job in balancing out both the short and long term concerns.
Another Wall Street’s favorite stock pick include the Amazon that also made the list as analysts predicting about 18% gain for e-commerce giant in coming next 12 months. AMZN stock has soared a whopping 29% this year, by leading the market’s strong comeback. Last month, the analysts at Loop Capital raised its price target on Amazon stock to $2,380 from $2,200, they also see that its market cap tripling over the next four to five years.