Amazon.com delivery trucks in Richmond, California, U.S., on Tuesday, Oct. 13, 2020.
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Given the current financial environment, which strategy can investors use to pinpoint compelling opportunities?
Despite inflation concerns, there are still stocks poised to outperform. One way to find them is by following the recommendations of analysts that get it right time and time again. TipRanks analyst forecasting service attempts to identify the best-performing analysts on Wall Street, or the analysts with the highest success rate and average return per rating. This takes into account the number of ratings published by each analyst.
What’s more, the stocks discussed below haven’t received any hold or sell ratings. Just buys from top analysts. So, these names have a unanimously bullish analyst outlook right now.
Here are the best-performing analysts’ five favorite stocks right now:
Alphatec
Alphatec is a medical technology company that is focused on changing the way spinal surgeries are approached.
Following its 4Q20 earnings release, H.C. Wainwright analyst Sean Lee maintained a Buy rating on the stock. In a further bullish signal, the analyst bumped up the price target from $16 to $19. Notably, Lee boasts a 75% success rate and 69.2% average return per rating.
What’s more, overall, Alphatec has received 6 Buy ratings from top analysts, with a $19.67 average stock price forecast.
In the quarter, the company posted total revenues of $44 million, surpassing the $43.7 million consensus estimate. “We note that the 4Q20 revenues represent a 36% year-over-year increase over 4Q20, which we believe is particularly impressive in light of industry-wide headwinds caused by the ongoing COVID-19 pandemic in the first half of last year,” Lee noted.
Looking ahead, management guided for total revenue of approximately $178 million, but this doesn’t include the possible revenue contribution from its acquisition of EOS Imaging, which is expected to be completed in 2Q21.
Expounding on the potential impact of this deal, Lee stated, “In the longer term, we believe the successful integration of EOS Imaging can result in major synergies for the company and could allow Alphatec to offer novel, highly differentiated products for the spine market. We believe EOS could also become a major growth driver for Alphatec over the next several years and contribute additional revenues of $127 million by 2025.”
On top of this, during the most recent quarter, Alphatec launched the prone transpsoas or PTP patient positioning system for lateral surgery. PTP allows a surgeon to perform the entire procedure without having to flip the patient, potentially resulting in shorter surgeries, more reproducible results, and enabling concomitant posterior procedures to be conducted at the same time.
In Lee’s opinion, this offering “could become one of the company’s most…
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