Blogger sentiment reflects the general mood of writers about a particular stock and is an important consideration for investors when picking stocks. Positive sentiment generally indicates that bloggers are confident about a company's future. Using the TipRanks Stock Screener tool, we've narrowed down three stocks where analysts are predicting a potential upside of 20% or more and blogger sentiment is “bullish”: Chevron (NYSE:CVX), Abbott Laboratories (NYSE:ABT), and ConocoPhillips (NYSE:COP).
Let's take a closer look at these three stocks.
Chevron (CVX)
Chevron is a multinational energy company that explores for and produces oil, natural gas, and petrochemicals. The company has a diversified business that generates stable cash flows and plans to bolster its production in Guyana with the acquisition of Hess Corporation (HES), which is expected to close later this year.
Using TipRanks’ Blogger Opinion tool, we can see that bloggers are optimistic about CVX stock: In fact, of the 68 writers tracked by TipRanks, 98% are bullish, which is higher than the industry average.
On TipRanks, the stock has a Strong Buy consensus rating based on 12 Buy and 3 Hold ratings. The average analyst price target for CVX shares is $187.20, suggesting a potential upside of 22.1% from current levels. Over the past six months, the company’s shares have risen 4.2%.
Abbott Laboratories (ABT)
Abt is a healthcare company that develops medical devices, diagnostics, branded generic pharmaceuticals and nutritional products. The company's products, including medical devices and pharmaceuticals, support its growing revenue and capital allocation activities.
According to 32 bloggers tracked by TipRanks, 90% of them are bullish, which is higher than the industry average.
Overall, Wall Street is optimistic about the stock, which has a consensus rating of “Strong Buy” based on 11 Buys and 1 Hold. The average analyst price target for ABT shares is $127.75, suggesting a potential upside of 22.85% from current levels. The company's shares have fallen 2.2% over the past six months.
ConocoPhillips (COP)
ConocoPhillips is an energy company engaged in the exploration and production of oil and natural gas. The company's strong financial performance supports our bullish view of the company.
Of the 30 bloggers covering COP stock, 96% are bullish, which is higher than the industry average.
COP has a consensus rating of “Strong Buy” with 14 “Buy” and 2 “Hold” recommendations. The average analyst price target for COP shares is $147.27, suggesting upside potential of 34.6%. The company's shares have risen 4.2% over the past six months.
Conclusion
Investors looking for stocks with growth potential might want to consider COP, ABT, and CVX. The positive comments from bloggers covering these stocks reflect their confidence in their future performance. It’s also worth noting that investors can use TipRanks’ Expert Center tool to find top stocks.
Disclosure
