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Apple, Boeing, Nike, Airbnb, DoorDash and More Analyst Picks to Buy Into 2021
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This has been the year of the virus, and like all bad things, it must come to an end. Investors and analysts alike have stretched their investing timelines to 2021 in an attempt to ignore the carnage of this year. In looking ahead, analysts have raised their targets and issued some very interesting calls on which stocks they think will be major players in the coming year.
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With the next round of stimulus checks on the way, investors may be looking to put this money in the market and make something of it. So, 24/7 Wall St. has reviewed some of the most recent analyst upgrades going into the New Year and what some of these big names could bring. Analysts are heating up on some big names, and we have included them all. We also have included a recent trading history, as well as what the consensus price target is for each of these major stocks.
Susquehanna started Airbnb Inc. (NASDAQ: ABNB) with a Positive rating and a $180 price objective. Wolfe Research also initiated coverage with an Outperform rating and a $135 price target. Note that the quiet period for this stock will be ending soon, so expect many more analyst calls to surface in the coming weeks. The much lower Wall Street consensus target is $123.25. The share price slipped below $150 on Monday, and the post-IPO trading range is $121.50 to $174.97.
Apple Inc. (NASDAQ: AAPL) has seen a flurry of positive analyst calls in December, which also comes after the launch of its iPhone 12 in the fall. Look for fiscal first-quarter results later in January or early February. RBC reiterated a Buy rating and set its price target at $132. Morgan Stanley reiterated an Overweight rating and raised its price target to $144 from $136. Wedbush reiterated an Outperform rating and lifted its price target to $160 from $150.
Apple stock has been trading lately above $135, in a 52-week range of $53.15 to $137.98. The consensus price target is $127.11.
Boeing Co. (NYSE: BA) is still up-in-the-air for analysts, and there isn’t much of a consensus on Wall Street. However, the bulls are overly positive while the bears are just neutral, netting an overall positive disposition for the stock. RBC reiterated a Buy rating with a $307 price target. DZ Bank reiterated a Buy rating. Jefferies reiterated a Buy rating and raised its price target to $275 from $250. UBS upgraded Boeing to a Buy and raised its price target to $300 from $150.
The shares have traded in a 52-week range of $89 to $349.95 and have a $230.74 consensus price target. Boeing stock was last seen trading around $216.
Stifel has upgraded Chipotle Mexican Grill Inc. (NYSE: CMG) from Neutral to Buy with a whopping $1,500 price target. Barclays initiated coverage with an Overweight rating. Piper Sandler reiterated an Overweight rating and raised its price target to $1,745 from $1,514. Chipotle has been maybe the only big winner in the restaurant industry throughout the pandemic. After fully integrating a delivery service and managing its chain with the proper pandemic precautions, this stock is stronger than ever going into 2021.
The consensus target price is $1,406.56, and the shares have traded mostly between $1,400 and $1,420 lately. The 52-week range is $415.00 to $1,435.52.
Susquehanna started coverage of DoorDash Inc. (NASDAQ: DASH) with a Positive rating and a $185 price objective. D.A. Davidson has a Neutral rating with a $150 price target, and BTIG Research initiated coverage with a Neutral rating. This is another with which the analyst quiet period will end shortly. As one of the most oversubscribed IPOs this year, it doesn’t seem to be the case that analysts would take a negative view on the stock going forward.
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DoorDash stock recently fell to a post-IPO low of $141.51. The post-IPO high is $195.50, and the consensus price target is $167.50.
Microsoft Corp. (NASDAQ: MSFT) has benefited from the pandemic as more people are working at home and more software is being sold as a result. By the looks of it, the work-from-home trend will continue into 2021. Citigroup upgraded the shares to Buy from Neutral and raised its target price to $272. Credit Suisse reiterated a Buy rating with a $235 price target. Pritchard Capital upgraded it to a Buy rating from Neutral and raised its price target to $272 from $229. Morgan Stanley reiterated an Overweight rating and raised its price target to $260 from $249.
Wall Street has a $241.21 consensus target, and the share have been trading nearer the 52-week high of $232.86 than the low of $132.52.
Nike Inc. (NYSE: NKE) saw its target price at Telsey Advisory Group raised to $175. The firm cited yet another strong quarter from the apparel and shoe giant. JPMorgan reiterated a Buy rating with a $170 price target. RBC reiterated a Buy rating with a $160 price target. Credit Suisse reiterated a Buy rating with a $162 price target. Goldman Sachs reiterated a Buy rating with a $164 price target. The $161.03 consensus price objective compares with a recent share price of around $142. The 52-week trading range is $60.00 to $147.95.
JPMorgan raised Twitter Inc. (NYSE: TWTR) from Neutral to Overweight with a $65 target price. Oppenheimer reiterated an Outperform rating with a $55 price target. Pivotal Research reiterated a Buy rating with a $64 price target. The consensus target for the social media giant is $44.14. Shares have been trading at $54 or so recently and between $20.00 and $56.11 in the past 52 weeks.
RBC Capital Markets upgraded Walmart Inc. (NYSE: WMT) to Buy from Sector Perform and raised the price target on the retail behemoth to $170. Citigroup also reiterated a Buy rating and raised its price target to $172 from $155. BMO Capital markets reiterated a Buy rating and raised its target to $175 from $160. The consensus target is $162.28. Share have retreated from the recent 52-week high of $153.66 to around $145. The 52-week low is $102.00.
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