Casinos are simply beginning to open again up following COVID-19 shutdowns, nevertheless it may nonetheless be some time earlier than some gamblers are prepared to enterprise again to Vegas and even their native on line casino. Sports activities gamblers are nonetheless ready for the return of Main League Baseball and different professional and school sports activities leagues.
Within the meantime, some gamblers wish to get their thrills within the stock market. However as many new merchants study the onerous manner, inserting bets on the fallacious shares might be simply as pricey as selecting the fallacious horse on the racetrack.
Listed here are eight Bank of America buy-rated shares which have excessive volatility rankings and at the least 40% upside to analyst price targets.
Golar LNG (NASDAQ: GLNG)
Golar LNG owns and operates one of many largest unbiased liquid pure fuel carriers and floating storage fleets on the planet.
Analyst Ken Hoexter says Golar is a pacesetter within the LNG transport and vitality infrastructure enterprise, and it has benefits over a lot of its rivals on account of its extra diversified choices. As well as, Bank of America is bullish on long-term LNG costs as extra terminals in Australia, Russia and the U.S. come on-line this 12 months. Hoexter says there’s upside to the corporate’s Golar Energy EBITDA over the following two years.
Bank of America has a Purchase ranking and $15 price goal for GLNG stock.
Gossamer Bio Inc (NASDAQ: GOSS)
Gossamer Bio is a biotech firm with a pipeline of medical and preclinical drug candidates targeted on immunology, irritation and oncology.
Analyst Geoff Meacham mentioned in March that Gossamer has a number of medical candidates which have the potential to have large complete addressable markets treating a variety of frequent situations, together with bronchial asthma and pulmonary arterial hypertension. Meacham mentioned the corporate has a protracted listing of potential near-term catalysts forward that might probably de-risk the stock and generate vital upside. He mentioned information on BG001 in bronchial asthma is probably going the most important catalyst forward.
Bank of America has a Purchase ranking and $26 price goal for GOSS stock.
See Additionally: 7 Sin Shares To Purchase Throughout The Coronavirus Shutdown
LexinFintech Holdings Ltd – ADR (NASDAQ: LX)
Lexin Fintech is a web-based client financing platform geared towards educated younger adults in China.
Analyst Eddie Lueng just lately mentioned he expects the corporate will shift gears from person development within the second half of 2019 to optimizing its person acquisitions within the first half of 2020 because of the pandemic. Lueng says the corporate has a comparatively sticky person base in comparison with its friends, and it is also uncovered to much less regulatory danger. Its person base of round 5 million folks is barely about 5% penetration of China’s educated younger grownup demographic.
Bank of America has a Purchase ranking and $19.80 price goal for LX stock.
Millicom Worldwide Mobile SA (NASDAQ: TIGO)
Millicom is a telecom supplier for almost 50 million prospects in Latin America and Africa.
Analyst Rodrigo Villanueva just lately mentioned administration took decisive motion in making ready for the financial downturn by implementing greater than $100 million in value financial savings, chopping between $200 million and $300 million in capex, suspending $100 million in 2020 dividend funds and pausing $150 million in buybacks. Villanuava says prioritizing liquidity and cash is the appropriate transfer, and the corporate’s subscription-based income ought to show comparatively resilient in the course of the downturn whereas the stock’s valuation offers long-term upside.
Bank of America has a Purchase ranking and $56 price goal for TIGO stock.
GW Prescribed drugs PLC- ADR (NASDAQ: GWPH)
GW Prescribed drugs is a biopharmaceutical firm that focuses totally on growing cannabinoid-based medication for all kinds of functions. GW’s Epidiolex was the primary ever cannabis-based remedy ever accredited by the FDA.
Analyst Tazeen Ahmad just lately mentioned Epidiolex’s label may quickly develop past epilepsy to tuberous sclerosis advanced within the U.S., whereas launches in nations like Germany, the UK, France, Spain and Italy are additionally driving near-term income upside. Ahmad mentioned Epidiolex’s gross sales trajectory up up to now has been spectacular and has intently tracked the outcomes of Bank of America’s earlier physician surveys.
Bank of America has a Purchase ranking and $230 price goal for GWPH stock.
NextCure Inc (NASDAQ: NXTC)
NextCure is a medical stage biotech firm growing most cancers therapies.
Analyst Alec Stranahan just lately spoke to NextCure administration following Bank of America’s 2020 Healthcare Convention, and Stranahan mentioned the COVID-19 outbreak has negatively impacted enrollment of the corporate’s ongoing NC318 Part II testing. As well as, research of NC410 and NC318 have additionally been disrupted.
Given the delays, Stranahan estimated the extremely anticipated Part II NC318 information will doubtless now come within the first half of 2021 quite than the fourth quarter of 2020. The large potential of NC318 and NC410 created residence run potential for traders, however the inherent danger within the early-stage trial information generates inherent danger.
Bank of America has a Purchase ranking and $62 price goal for NXTC stock.
SINA Corp (NASDAQ: SINA)
Sina is the proprietor of main on-line social media and wi-fi value-added service Weibo in China.
Leung just lately mentioned Sina’s advert income took a big hit within the first half of 2020, however the COVID-19 outbreak doubtless went a great distance in highlighting the value of Weibo given the federal government and media retailers used it to disseminate info. Leung is asking for a 1% drop in income in 2020, together with a 10% decline in portal advertisements and a 9% improve in fintech income.
Like many different shares, Leung is anticipating a robust restoration within the second half of the 12 months and mentioned person monetization, promoting, membership development and app enhancements are all bullish long-term drivers.
Bank of America has a Purchase ranking and $57 price goal for SINA stock.
Newest Rankings for GWPH
DateFirmActionFromTo Could 2020Cantor FitzgeraldMaintainsOverweight Apr 2020Northland Capital MarketsInitiates Protection OnOutperform Mar 2020CitigroupInitiates Protection OnBuy
View Extra Analyst Rankings for GWPH
View the Newest Analyst Rankings
© 2020 Fintech Zoom.com. Fintech Zoom doesn’t present funding recommendation. All rights reserved.