5 New Raymond James Analysts Favorite Stock Picks With Massive Upside Potential

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EchoStar

This is a smart way for investors to play the fast-growing communications and content sector. EchoStar Corp. (NASDAQ: SATS) is the premier global provider of satellite operations and video delivery solutions. EchoStar’s wholly-owned subsidiary, Hughes, is the world’s leading provider of satellite broadband services, delivering network technologies and managed services for enterprise and government customers in more than 100 countries.

EchoStar is a multiple Emmy award-winning company that has pioneered advancements in the set-top box and satellite industries for nearly 30 years, consistently delivering value for customers, partners and investors through innovation and outstanding quality.

The company’s consumer solutions include HughesNet, North America’s top high-speed satellite Internet service, Sling Media’s Slingbox products and EchoStar’s line of advanced digital video set-top box products for the European free satellite and terrestrial viewer markets.

The massive $61 Raymond James price target compares to both the $53.50 consensus target and the most recent close at $41.39 a share.

HealthEquity

This stock also has taken a hit this year and is offering a very good entry point. HealthEquity Inc. (NASDAQ: HQY) provides a range of solutions for managing health care accounts — Health Savings Accounts (HSAs), Health Reimbursement Arrangements (HRAs) and Flexible Spending Accounts (FSAs) — for health plans, insurance companies and third-party administrators.

Health Equity is engaged in technology-enabled services platforms that allow consumers to make health care saving and spending decisions. Its platform provides an ecosystem in which consumers can access their tax-advantaged health care savings, compare treatment options and pricing, evaluate and pay health care bills, receive personalized benefit and clinical information, earn wellness incentives and make educated investment choices to help in their tax-advantaged health care savings.

The company’s products and services include health care saving and spending platform, health savings accounts, investment advisory services, reimbursement arrangements and health care incentives.

The analysts have set a whopping $80 price objective. The consensus price target is posted at $76.31, but the shares closed way below both levels on Tuesday at $61.04.

Tempur Sealy

If there is one product everybody has to have, it’s a bed, and this is an incredible way to play that need. Tempur Sealy International Inc. (NYSE: TPX) is a leading global manufacturer and distributor of bedding products, including mattresses, foundations, adjustable bases and other accessories, including pillows. The majority of the company’s sales are in the United States, where the company has around 30% market share. The company acquired Sealy in March 2013 and generated around $2.8 billion in sales in 2018.

The company reported another exceptional quarter with higher than expected sales and earnings per share driven by continued product momentum. In addition, it raised 2019 EBITDA guidance by a significantly larger amount than expected. Strong gross margins and sales trends are expected to continue in the fourth quarter. Top Wall Street analysts continue to see multiple avenues for earnings upside and multiple expansion.

Raymond James has set a large $105 price target. The posted consensus was last seen at $95.90, and the stock closed most recently at $86.17 per share.

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These five Raymond James analysts’ favorite stock picks all have substantial upside potential to the price targets. While they are more suited for growth accounts with higher risk tolerance, they would make good portfolio additions at current price levels.