Earnings season isn’t just when companies report their quarterly results. It’s also when most stock analysts update their ratings and price targets in response to the new data released from the firms they cover. Ratings like Buy, Sell, or Hold are simple heuristics that stand in for deeper fundamental analysis, and it’s hard to hide poor performance from scrutinizing analysts. They aren’t infallible, and reasonable analysts at top firms often have different outlooks on the same companies. But when analysts begin upping their ratings and price targets in unison, it’s time for investors to pay closer attention.
That’s the theme connecting the three stocks on our list today; all recently reported earnings and received a wave of price target boosts or rating upgrades following their conference calls. If you’re looking for stocks with more upside after a post-earnings pop, you may want to give a closer look at the following three companies.
