Welcome to Extreme Investor Network, where we provide you with unique insights and analysis to help you navigate the world of investing. Today, we’re diving into the stocks highlighted by Wells Fargo for major upside potential in September.
First up, we have Burlington Stores, a discount clothing retailer that is gaining momentum. Analyst Ike Boruchow praised Burlington for its strong quarterly results and solid guidance, calling it a “thesis affirming print.” With shares up 33% in 2024, Boruchow believes there is still compelling upside potential, setting a price target of $325, representing a 25% increase from the latest close.
Next on the list is D.R. Horton, a homebuilder with a 22% increase in shares this year. Analyst Sam Reid sees D.R. Horton as one of the top picks, especially if the Federal Reserve trims interest rates. With a price target raised to $220 per share, Reid believes there is an 18% upside potential from the recent close.
Moving on to Microsoft, the tech giant is leading in artificial intelligence and has been added to Wells Fargo’s signature picks list. Analyst Michael Turrin highlighted Microsoft’s cloud re-acceleration and share gain potential in Search, with a fair valuation despite a 33% increase in shares this year. Turrin believes Microsoft is set to benefit from a significant AI-enabled product cycle forming.
Lastly, we have Eli Lilly, a company with potential for upside surprise in improving supply and international growth. With a strong moat against competition, Eli Lilly remains a solid choice for investors looking for long-term gains.
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