(NASDAQ: DRRX) was raised to Buy from Neutral with a $3.50 price target at H.C. Here are eight speculative stocks where one or more analysts have issued roughly 100% or higher implied upside to their price targets during the week of March 10.ĭurect Corp. We have included recent trading data, implied percentage upside to the stated price target and, if applicable, a consensus analyst target price from Thomson Reuters. A stock market sell-off similar to the one seen in late-January through mid-February can be absolutely brutal against speculative stocks. If the market is selling off, most investors will feel more comfortable in dividend-paying stocks that have steady earnings and long histories of delivering for shareholders. Sometimes things just go wrong from poor management or unlucky events that were not seen or known.Īnother serious risk in speculative stocks is that a rising market generally needs to be there to support stocks.
They can see only upside in some cases, and they can underestimate the powers that may be working against a company. One major consideration among speculative analyst stocks is that analysts are often wrong. These are typically in emerging biotech and pharma, speculative new technology outfits and other oddball companies with business models that may be rather unique. Investors need to understand that when analysts target 100% or more upside, they are usually the most aggressive analyst calls on Wall Street. And some of these companies can be so risky that they could implode down the road. Most companies that have very low market caps and low share prices tend to keep having low values and share prices. The quest to find the small cap stock that can turn into the next Apple, Google, Amazon, Gilead and so on is a rather risky game. Investors need to take a breath and relax before getting overly excited about the dream of doubling their money in a stock. It is the speculative stocks, which often come with very low share prices as well, where the projected analyst price target comes with upside potential of 50%, 100% or even exponential upside. Then there are the analyst picks in more speculative stocks, which often come with market capitalizations that are considered small - and some are even in the micro-cap world under $200 million in value. Most of the traditional new and reiterated Buy and Outperform ratings comes with upside of 8% to 10% in Dow Jones industrial average and S&P 500 stocks, and sometimes that implied upside to the price target can be as much as 15% or 20%. This ends up being hundreds of analyst calls each week. evaluates dozens of analyst calls each day of the week to find new ideas for investors and traders. Companies are still showing positive news around earnings and revenues, and tax reform is still acting as a serious floor for many investors who might have otherwise been worried about valuations.Ģ4/7 Wall St. And a super strong jobs report managed to come with slightly less wage inflation than had been seen in the prior month. The market overcame trade war risks from steel and aluminum tariffs, and the European Central Bank muted its quantitative easing bias language.
The bull market officially turned nine years old in the week of March 10, and the major stock indexes closed up for the week after weeks of volatile trading.
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