Benzinga - by Surbhi Jain, .
Capital market investors often look for entry points, hidden gems, and value bets. Quality stocks trading at or around their 52-week low levels offer one such opportunity window.
We looked at established companies that, recently, made new 52-week lows. We point readers’ attention to three such stocks, with $35 billion market capitalizations. These are: Starbucks Corp (NASDAQ:SBUX), Gilead Sciences (NASDAQ:GILD) and Ambev SA (NYSE:ABEV).
Starbucks
The stock also offers, to its investors, a dividend yield of 2.63%.
Wells Fargo, TD Cowen, and TD Cowen released the last three analyst ratings on April 1, April 1, and March 19, 2024, respectively. These ratings suggest an average price target of $102.33 for Starbucks Corp, implying a potential upside of 17.23% based on the assessments of these three analysts.
Also Read: $100 Invested In This Stock 15 Years Ago Would Be Worth $1,600 Today
Gilead Sciences
Gilead stock offers a robust dividend yield of 4.43%.
Wells Fargo, Mizuho, and Truist Securities recently released the last three analyst ratings. These assessments collectively suggest an average price target of $83.33 for Gilead stock.
Based on these ratings, there is an implied 20.16% upside potential for the company.
Ambev
Based on the analysis of the 8 latest analyst ratings, Ambev SA has a consensus price target of $2.2. The most recent ratings were issued by Barclays, Jefferies, and Bernstein on March 4, 2024, Nov. 22, 2023, and May 24, 2023, respectively.
These assessments collectively indicate an average price target of $3.2 for Ambev stock. Consequently, there’s an implied 32.51% upside potential for the company based on these three analyst ratings.
These findings suggest that these quality stocks may present lucrative investment opportunities, offering potential upside for investors in the coming months.
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