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8 Fresh Analyst Stock Picks With 50% to 100% Upside

Did the stock market mark a formal bottom last week? That is what investors are wondering now that the Dow Jones Industrial Average rose more than 1,000 from the bottom just a week earlier. What we know and have been shown yet again is that investors want to buy the pullbacks. They want to buy value stocks, the best growth stocks and stocks that may have more upside than the market in general.

24/7 Wall St. reviews dozens of analyst upgrades and downgrades each day of the week, and this becomes hundreds of reviews over the course of each week. Our goal is to find hidden value and to find new trading or investing ideas for our readers. Many of these analyst calls cover stocks to buy, and some of those come with significant upside calls.

Traditional Buy and Outperform ratings in Dow or S&P 500 stocks come with upside projections of 8% to 15%. Other more aggressive calls can come with far more upside of 25%, 50% or even 100%. Investors have to consider risk and reward here, and they have to know that an analyst calling for 50% or 100% upside is taking a much higher risk than normal.

This last week brought up many analyst calls with huge upside. Some of that is simply because stocks have pulled back so much from 2015 or 2014 highs. Still, many analyst calls are just aggressive due to explosive growth, likely turnarounds or special situation investing opportunities.

24/7 Wall St. tracked eight calls in which analysts called for upside of 50% to 100% this past week. Many of them are in large cap and well-known stocks, rather than in obscure micro caps.

In an effort to keep some of the risks present in each company, 24/7 Wall St. even tried to highlight a negative or show how much more aggressive each call is versus peers. After all, we don’t want you thinking we believe that analysts are omniscient or that the future has been set. Here are eight analyst calls with upside projections of 50% to 100%.

ALSO READ: 3 Top Jefferies Hidden Value Stocks to Buy Now

Bluebird Bio

This stock may have fallen handily this past week, but Morgan Stanley sees a very attractive entry point in Bluebird Bio Inc. (NASDAQ: BLUE) for patient and risk-tolerant investors. The firm raised its rating to Overweight from Equal Weight, and the price target was set at $143.00 in the call. Bluebird’s prior close was $94.07, and shares were just under $89.00 on Friday’s close, versus a $29.73 to $197.35 range over the past 52 weeks.

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