4 Top Stocks to Buy That Were Recently Upgraded

Investors, rejoice! The POWR Ratings have been calculated, and dozens of stocks have been upgraded to either “Strong Buy” or “Buy” ratings. Our proprietary POWR Ratings evaluate stocks based on a number of factors. These ratings are calculated daily, and upgrades reflect positive movement in stocks…

It was only one month ago when it appeared as though the stock market was headed for bear territory. However, now that several effective COVID-19 vaccines have emerged, life might be getting back to normal, paving a path for the market to soar to new heights in 2021.

Below, I analyze four stocks that were recently upgraded in the POWR Ratings: Altice USA (ATUS – Get Rating), Gartner (IT – Get Rating), Penske Automotive Group (PAG – Get Rating), and NCR Corporation (NCR – Get Rating).

Altice USA (ATUS – Get Rating)

When it comes to broadband communication and video services, few providers are more intriguing than ATUS. The company delivers everything from pay-tv to broadband, wireless internet hotspot access, telephone services, and proprietary content to nearly 5 million people located in more than 20 states. These services are provided through the ATUS Suddenlink and Optimum brands.

The POWR Ratings show ATUS has an “A” grade in the Trade Grade component along with “B” grades in the Peer Grade, Industry Rank, and Buy & Hold Grade components. Out of 14 publicly traded stocks in the Entertainment – TV & Internet Providers industry, ATUS is ranked fourth. Check out the analysts’ take on ATUS, and you will find they are fairly bullish, setting an average price target of $36.89, indicating a potential 6% upside. The stock is currently priced 75 cents below its 52-week high of $35.47.

Aside from making money through TV, phone, and internet service, ATUS also generates revenue through its advanced advertising and data business that provides advertising solutions to companies in a wide array of industries. If all goes as planned, ATUS will implement its fiber network to provide customers with broadband speed upwards of 10 Gbps.

Gartner (IT – Get Rating)

IT provides advisory and research services to tech professionals, including chief technology officers and chief information officers. IT services are also sold to those who work for governments. Check out the IT POWR Ratings, and you will find the stock has “A” grades in the Industry Rank, Buy & Hold Grade, and Trade Grade components. The stock is ranked in the top 5 out of 14 publicly traded companies in the Outsourcing – Tech Services industry.

IT has a 2019 price return of… 

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