With the vaccine rollout expected to enable shoppers to return to stores, analysts are bullish on the outlook for the stock, which has gained 15 per cent year-to-date and reached an all-time high of $205.28 earlier this month.Īfter the company announced earnings on March 17, at least eight analysts upgraded their share price targets, to range between $205-252, from $180-220 previously, according to MarketBeat. Specialty discount store chain Five Below, which sells products aimed at children and teens, reported a 6.2 per cent increase in net sales in 2020 to $1.96bn, despite the impact of the Covid-19 pandemic on retail. Goldman notes this is “a strategic positive” for sports betting companies and puts them among the best stocks to invest in now. The US state of New York is including provisions to legalise mobile sports betting in its budget due on April 1. Analysts at Goldman boosted their DraftKings price target to $87 per share from $79 per share on March 22. US investment firm Goldman Sachs expects US online sports betting to rise at a compound annual growth rate (CAGR) of 40 per cent from $900m today to $39bn by 2033, with internet gambling rising by a CAGR of 27 per cent to $14 billion, in response to favourable legislation and consumer adoption. The share price for online sports entertainment and gaming company DraftKings has climbed by 55 per cent year-to-date and shows potential for further growth.
#BEST INVESTING SUBSTACKS TV#
On March 10, Disney announced a new rights deal with the NHL that creates advertising opportunities for its TV and streaming services including Hulu. Disney has managed revenue losses from the parks better than expected and optimised the closures by making advancements in operations and consumer experiences that will put them in a stronger position on reopening than pre-pandemic, JP Morgan said, making it one of the best stocks for 2021.
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US investment bank JP Morgan has a $220 price target on the stock as it expects operating margins from Disney's parks to rebound faster than previous economic downturns. There is further upside for the stock this year when parks reopen, with pent-up demand likely to drive visitor numbers. Here is our list of 10 companies whose shares you may want to keep on your radar in 2021.ĭisney stock recently hit an all-time high of $203.02 per share on March 8, as its Disney+ video streaming service has strengthened during the Covid-19 pandemic and has offset delays to cinematic releases and the closure of theme parks. Best stocks to invest in 2021: 10 companies to add to your portfolioįrom retail to gaming, entertainment and technology, there are opportunities for investors to pick up stocks that have the potential for strong growth this year. The prospect of a return to regular economic activity over the summer thanks to the rollout of Covid-19 vaccines could see a rotation into travel and entertainment stocks after they were hit hard last year.Īre you looking for good stocks to invest in right now? In this article, we consider some of the most promising stocks this year as the basis for further research for your portfolio. The stock market has seen a volatile start to 2021, with stocks in the technology and clean energy sectors that led the rally in 2020 losing momentum in recent weeks.
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