5 Best New Stocks To Buy According To Analysts

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1. Savers Value Village, Inc. (NYSE:SVV)

IPO Date: 06/28/2023

Number of Hedge Fund Holders: 12

Average Analyst Price Target Upside: 68.37%

Savers Value Village, Inc. (NYSE:SVV) is a seller of second-hand merchandise in retail stores and operates through multiple brands, including Savers, Value Village, and Value Village Boutique, among others. In the fourth quarter of 2023, 12 hedge funds had stakes in Savers Value Village, Inc. (NYSE:SVV), with total positions worth $55.05 million.

Savers Value Village, Inc. (NYSE:SVV) tops our list of the best new stocks to buy according to analysts. As of May 10, 9 Wall Street analysts keep Buy-equivalent ratings on the stock. The average price target of $23.00 represents an upside of 68.37% from present levels.

On May 10, Baird lowered the price target on Savers Value Village, Inc. (NYSE:SVV) to $21 from $23 and kept an Outperform rating on the shares.

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Should you invest $1,000 in Savers Value Village, Inc. (NYSE:SVV) right now?

Before you buy stock in SVV, consider this:

The Insider Monkey Quarterly Newsletter just identified what we believe are the 14 best stocks for investors to buy now… and SVV wasn’t one of them. The 14 stocks that made the cut could produce monster returns in the next few months.

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Disclosure: None. You can also look at the 11 Best Farmland and Agriculture Stocks To Buy According to Analysts and 15 Best Places in Oregon For A Couple To Live On Only Social Security.

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