MarketBeat Ranks 10 Most Upgraded Stocks by Wall Street Analysts in August 2021

By Georgio Salas.
Updated Aug 24, 2021

SIOUX FALLS, S.D. (PRWEB) August 24, 2021 - MarketBeat, a leading source for stock market data and research tools, has published its monthly list of The 10 Most Upgraded Stocks by Wall Street Analysts in August 2021.

Each year, MarketBeat tracks more than 165,000 distinct ratings and recommendations issued by Wall Street analysts who study publicly-traded companies for their institutional clients. These rankings are based on the number of times a publicly-traded stock was upgraded or had its price target increased by Wall Street analysts in the month of August. MarketBeat All-Access subscribers can use the sites Most-Upgraded Stocks Report to identify these companies and segment them by country, market cap, sector, and industry.

Were pleased to extend this monthly ranking of the most-upgraded stocks with insight to the recent events that are impacting them, said MarketBeat founder and CEO Matt Paulson. While analyst sentiment is only one factor investors can use to assess a stocks future performance, MarketBeats Most-Upgraded Stocks Report continues to be the best tool for researching their recommendations.

The Top Ten Most Upgraded Stocks on MarketBeat in August 2021 are:

1. Alphabet (NASDAQ: GOOGL) Both GOOGL, and GOOG stocks crack this list in August. GOOG shares topped the list in the last 30 days with 23 upgrades from analysts. GOOGL stock took the third slot with 21 upgrades.

2. Microsoft (NASDAQ: MSFT) Of the 22 analysts to offer an opinion in the last 30 days, 17 have raised their price target. That combined with a significant decrease in short interest has been a reason for the stocks recent strong performance.

3. Shopify (NYSE: SHOP) On the heels of a strong earnings report in late July, SHOP stock has been upgraded by 20 analysts.

4. Facebook (NASDAQ: FB) Facebook continues to rack up the victories with 18 upgrades in the last 30 days, 15 of them have included an increased price target, which has pushed the consensus price target for FB stock to a level that is 10% higher than the stocks price when the markets closed on August 13.

5. ServiceNow (NYSE: NOW) The stock has received 17 upgrades in the past 30 days which likely has to do with a strong earnings report, coupled by the Delta variant that is causing employers to reassess return to office plans.

6. ON Semiconductor (NASDAQ: ON) One way to invest in the current global chip shortage is to invest in the companies that semiconductors in highly impacted industries such as the automotive market. Thats one reason why analysts are bullish on ON Semiconductor as the companys product offerings include lidar, image, radar, and ultrasonic sensors used in the industry today.

7. McDonalds (NYSE: MCD) 17 analysts have offered an upgrade on McDonalds stock in the last month. This comes as the company reported strong earnings that highlighted the strength of its digital initiatives.

8. Apple (NASDAQ: AAPL) Services and Wearables continue to comprise more and more of the companys revenue, which should keep analysts bullish for quite some time. In this last 30-day period, 16 analysts upgraded AAPL stock.

9. Chipotle Mexican Grill (NYSE: CMG) Despite receiving a downgrade from Raymond James, Chipotle has received 15 upgrades in the past 30 days. And the downgrade has a caveat, the analyst raised his price target for CMG stock.

10. Snap (NYSE: SNAP) - Snap, the social media company that features the popular Snapchat platform, rounds out this list. Like Chipotle, the company had 15 analyst upgrades in the last month.

Find the full report at marketbeat.com.

About MarketBeat

MarketBeat is a financial media company based in Sioux Falls, South Dakota. MarketBeats mission is to empower individual investors to make better trading decisions by providing real-time financial information and objective market research. More than 2.3 million investors receive MarketBeats flagship newsletter, MarketBeat Daily Ratings. MarketBeat also publishes a network of financial news websites, including insidertrades.com and pricetargets.com, which garner more than 25 million pageviews each month, a suite of web-based investment research software called MarketBeat All Access, and a mobile stock research app on iOS and Android. For more information, visit marketbeat.com.