Bill Cara

Using Analyst Upgrades and Price Target Increases to Seek Future Winners

November 26, 2022

The following is a selection of 14 companies that analysts upgraded or had their price target increased at least ten times by more than ten different brokers during the last ninety days.

Click on the company name to access analyst ratings and other data from MarketBeat.com. The remaining information is linked to FinViz.com.

Some companies appear to be overpriced but may be watchlist candidates over the next three to four months as the broad market tries to complete a Bear market cycle bottom.

The market has oversold Netflix and Applied Materials, which fundamentally present good long-term value.

Ten of the fourteen pay dividends, with ConocoPhillips having the highest yield at 4.09%. Merck’s dividend yield at 2.57% is the second highest.

Netflix

NFLX

Communication Services

Entertainment

Ross Stores

ROST

Consumer Cyclical

Apparel Retail

TJX Companies

TJX

Consumer Cyclical

Apparel Retail

Walmart

WMT

Consumer Defensive

Discount Stores

Schlumberger

SLB

Energy

Oil & Gas Equipment & Services

ConocoPhillips

COP

Energy

Oil & Gas E&P

EOG Resources

EOG

Energy

Oil & Gas E&P

Diamondback Energy

FANG

Energy

Oil & Gas E&P

Humana

HUM

Healthcare

Healthcare Plans

Merck & Co., Inc.

MRK

Healthcare

Drug Manufacturers – General

Regeneron Pharmaceuticals

REGN

Healthcare

Biotechnology

Biogen

BIIB

Healthcare

Drug Manufacturers – General

Applied Materials

AMAT

Technology

Semiconductor Equipment & Materials

Arista Networks

ANET

Technology

Computer Hardware