Stocks On The Rise: 5 Best Stocks to Invest In

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1. Applied Materials, Inc. (NASDAQ:AMAT)

Number of Hedge Fund Holders: 138

Applied Materials, Inc. (NASDAQ:AMAT) is one of the best stocks on the rise to invest in. KeyBanc lifted the price target on Applied Materials, Inc. (NASDAQ:AMAT) to $750 from $550 on June 29 and maintained an Overweight rating on the shares. The firm told investors that expectations for the firm’s Semicap/EMS/OSAT group have grown ever higher heading into fiscal Q2 earnings, potentially increasing ST risk around results. It added that with valuations where they are, the firm believes that for share prices to increase from current levels, investors will need to see beats, management commentary that supports continued positive out-year revisions, and guidance that comes in above consensus.

KeyBanc further told investors that although it does believe objectively positive outcomes are likely given current conditions, it also thinks that any actual or perceived disappointment could result in downside volatility like what was seen last quarter.

Separately, Applied Materials, Inc. (NASDAQ:AMAT) announced on June 25 the introduction of a suite of new chipmaking systems to build the advanced 3D chip architectures that power next-generation AI.

While we acknowledge the potential of AMAT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AMAT and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 15 Stocks That Will Make You Rich in 10 Years AND 12 Best Stocks That Will Always Grow.

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