Read: Here’s why Amazon is Citi’s top internet stock idea If the shares were to rise 50% from here to the price target of $136.02, they would still be 18% below their closing price of 166.72 at the end of 2021. Analysts expect the company’s earnings per share to double during 2023 (in part from its expected acquisition of THQ), after nearly a four-fold EPS increase in 2022.Īre expected to soar 50% over the next year, following a decline of 46% so far in 2022. The stock has risen 69% in 2022 and is expected to add another 62% over the next 12 months. But the company at the top of the list, EQT Corp. Most of the companies on the S&P 500 list expected to soar in 2023 have seen large declines in 2022. Here are the 20 stocks in the S&P 500 with at least 75% “buy” or equivalent ratings that analysts expect to rise the most over the next year, based on consensus price targets: CompanyĬharles River Laboratories International Inc. Meanwhile, the S&P 500 has declined 16% in 2022, with all sectors down except for energy, which has risen 53%, and the utilities sector, which his risen 1% (both excluding dividends). That number itself is interesting - at the end of 2021, 93 of the S&P 500 had this distinction. Wall Street’s large-cap favoritesĪmong the S&P 500, 92 stocks are rated “buy” or the equivalent by at least 75% of analysts working for brokerage firms. Its target range is now 4.25% – 4.5%,Ī further slowing of inflation and the possibility that the federal funds rate will reach its “terminal” rate (the highest for this cycle) in the near term could set the stage for a broad rally for stocks in 2023. The rate began 2022 in a range of zero to 0.25%, where it had sat since March 2020. The 0.50% increase in the federal-funds rate followed four previous increases of 0.75%. Following that improvement, the Federal Reserve slowed the pace of its interest rate increases.
14, as expected, the And the market may be shifting because this week’s consumer price index report showed a decline in inflation. 13 when the November CPI report showed a much slower inflation pace than economists had expected.
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