While you never want to blindly follow Wall Street analysts in stocks, it would be a huge mistake to completely dismiss what analysts have to say about the stocks that they cover.
Most of us follow the market when we have spare time from our daily lives, but analysts follow stocks full time for a living, so their opinions, while not always right, are always worth considering.
The key to taking advantage of analyst opinions is to look beyond just their ratings and price targets. You need to look into their reports and look for the particular reason(s) they believe the stock will move one direction or the other.
This week we want to look at a handful of stocks that analysts think you should be buying, and look at the reasons why they believe each security is a buy with a lot of upside potential.
Each of the following stocks either had their rating or price target recent lifted by analysts. If you already own any of the following stocks you may be in store for some nice gains if analysts are right, and if you have been considering any of the stocks, now may be the time to jump in.
Read over what analysts have to say about the stocks, and if you believe in what they have to say you may consider establishing a new position on the stock, or building on to an existing holding.