As the third quarter begins, Deutsche Bank's analysts have identified a selection of 41 stocks that they believe will excel over the next year, spanning sectors such as artificial intelligence, healthcare, and industrials. The bank's 'Fresh Money' list has shown impressive performance, boasting a 387% return since its inception in 2017, compared to the S&P 500's 351% increase.
Among the highlighted stocks, Oracle stands out due to its leadership in AI cloud infrastructure, despite a recent 19% drop in its stock price. Analyst Brad Zelnick maintains a buy rating with a $300 price target, suggesting a potential upside of 103%.
Starbucks is also featured, with analyst Lauren Silberman noting its strategic investments aimed at enhancing customer experience and improving cost structures, leading to a buy rating and a $120 price target, indicating a 15.3% upside. Additionally, AppLovin is recognized for its growth potential in gaming and advertising, with a buy rating and a price target of $660, reflecting a 32% upside.
Other notable mentions include Ralph Lauren, Humana, Wyndham Hotels, and American International Group, all of which are part of Deutsche Bank's optimistic outlook for the upcoming quarter