S&P 500: Analysts Are Confident These 10 Stocks Will Soar The Most

It’s tough to think about buying stocks when the S&P 500 is down 16% just this year. But analysts are naming the stocks they think belong on your shopping list.

Analysts are most bullish on 10 S&P 500 stocks, including communication services firms Dish Network (DISH) and Warner Bros. Discovery (WBD) plus financial Signature Bank (SBNY), says an Investor’s Business Daily analysis of data from S&P Global Market Intelligence and MarketSmith. All these stocks carry an average analyst rating of “buy” or “outperform.” Additionally, they’re the stocks analysts think hold the most upside — 60% or more — until hitting their 12-month price targets.

Analysts continue to pinpoint their favorites as corporate profits are strong. Investors, though, aren’t buying yet. “First quarter earnings season was solid by just about any measure, but based on recent market behavior it’s obvious that in general market participants paid little attention,” said Jeff Buchbinder, equity strategist at LPL Financial.

Picking Out Communications S&P 500 Winners

When picking through the S&P 500’s wreckage, the communication services sector stands out. And it’s not just because it’s among the hardest hit of all 11 S&P 500 sectors.

The Communication Services Select SPDR ETF (XLC) is down 24.5% this year. That’s worse than the S&P 500’s drop. And it’s only marginally behind the nearly 20% drop of the year’s worst sector, the Consumer Discretionary Select Sector SPDR (XLY).

And communications, too, is the sector analysts are finding the most opportunities in. Their top choice? Satellite communications firm Dish Network. Analysts think this stock will hit 46.65 a share in a year’s time. If that’s true, it would mark more than 127% upside. That’s a welcome rise for a stock down nearly 37% just this year.

Analysts next favorite in the S&P 500 is entertainment giant Warner Bros. Discovery. Yes, shares are down more than 26% this year following the separation from AT&T (T). Still, analysts think this stock will rally more than 110% in the next 12 months to 36.31.

Searching Beyond S&P 500 Communications

Financial stocks whipped around all year as concerns about inflation and interest rates dominate. But analysts still have high hopes for one of them. And it’s not a major bank.

Analysts think New York-based Signature Bank will more than double to 384.35 a share in 12 months time. That would help ease the pain and suffering the bank’s investors have endured. Shares are down more than 40%, just this year.

Savvy investors know to not jump into a weak market. But it’s always wise to keep your list close of S&P 500 stocks you’d like to own. And the analysts clearly have theirs.

Analysts’ Favorite S&P 500 Stocks Now

Company	Symbol	Stock year-to-date % ch.	Average analysts’ rating	Analysts’ consensus upside to current price	Sector
DISH Network	(DISH)	-36.8%	Outperform	127.7%	Communication Services
Warner Bros. Discovery	(WBD)	-26.9	Outperform	111.0	Communication Services
Signature Bank	(SBNY)	-42.2	Outperform	105.6	Financials
Take-Two Interactive Software	(TTWO)	-38.0	Outperform	84.2	Communication Services
Boeing	(BA)	-38.4	Buy	81.0	Industrials
Salesforce	(CRM)	-35.4	Buy	76.5	Information Technology
Intuit	(INTU)	-44.1	Buy	70.4	Information Technology
Alaska Air Group	(ALK)	-12.5	Buy	69.0	Industrials
Amazon.com	(AMZN)	-33.5	Outperform	66.1	Consumer Discretionary
Moderna	(MRNA)	-46.4	Outperform	65.3	Health Care