5 Best S&P 500 Stocks to Buy Now According to Analysts

In this article, we will take a look at the 5 Best S&P 500 Stocks to Buy Now According to Analysts. For a deeper discussion and analysis, please refer to the 14 Best S&P 500 Stocks to Buy Now According to Analysts.

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5. Thermo Fisher Scientific Inc. (NYSE:TMO)

Upside Potential as of June 14: 27.84%

Thermo Fisher Scientific Inc. (NYSE:TMO) provides life sciences solutions, analytical instruments, specialty diagnostics, and laboratory products and biopharma services in North America, Europe, Asia-Pacific, and internationally.

On June 11, Piper Sandler initiated coverage of Thermo Fisher Scientific Inc. (NYSE:TMO) with a ‘Neutral’ rating and a price target of $510. The assigned target represents an upside of over 8% from the current levels.

Piper Sandler began coverage of the life science tools sector with a cautious “feet in the shallow end of the pool” approach. However, it expects near-term improvements in the industry’s headwinds, including weak biotech and academic spending and exposure to China.

Piper wants to see stronger evidence of the sector’s next big growth catalysts before it can turn more bullish on the broader sector. The firm noted that although investors can buy multi-year growth compounding stocks at various stages of their growth cycles, it would rather wait a few more quarters for the sector to bounce back to the stronger performance levels that it had before Covid.