“Wall Street is obsessed with EV stocks,” according to Barron’s magazine.
Top analysts at firms including Goldman Sachs, Morgan Stanley and JP Morgan are extremely bullish on the sector.
Yet they’re likely overlooking a brand-new EV battery stock that’s getting ready to go public.
My price target suggests that this upcoming IPO could jump 460% after a February IPO. And unlike most IPOs, every investor can jump into this deal today (click here to see how).
Let’s take a look at the top EV stocks from Wall Street . . .
The top EV stock pick from Goldman Sachs is Li Auto (NASDAQ: LI). The Chinese EV company produced approximately 30,000 cars in 2020. Yet Goldman thinks the EV company will grow to 1.7 million cars within 10 years.
Shares of Li trade around $36. Goldman Sachs has a BUY rating and a $60 share price target – roughly 66% above the recent price.
Morgan Stanley’s analyst is bullish on both Li Auto and NIO (NYSE: NIO). He currently rates both stocks a BUY. Shares of Nio are up over 50% since mid-December. And Li Auto is up over 20%.
However, Morgan Stanley hasn’t updated its share price target in over a month. That means his target price for each is below the recent price. It’s quite possible that we’ll see the targets adjusted on both stocks.
J.P. Morgan is equally excited about Chinese EV stocks. The firm rates Nio and XPeng (NYSE: XPEV) with buy ratings. And each stock gets a $50 share price target.
With XPeng stock also jumping 20% over the last month – the stock is ahead of the J.P. Morgan price target. The firm also rates BYD Co. (OTC: BYDDF) with a hold rating. BYD is an EV stock that’s owned by Warren Buffett.
Investment banks typically follow a 25-day quiet period after an initial public offering.
That means the firm’s analysts will NOT issue research reports . . . or a buy recommendation or share price target for nearly one month after an IPO.
Bullish reports from one or more analyst can boost the shares of recent IPOs.
The investment banks very rarely issue research reports on private companies. And they typically can’t – or won’t – issue reports on stocks right after the IPO.
This creates an opportunity for independent investment research firms like Wyatt Investment Research . . . because we aren’t bound to the same rules and “quiet period” of the Wall Street banks.
As a result, I’m able to research and release reports on private companies that are getting ready to go public.
My #1 EV battery stock is currently private. And I’m expecting shares will begin trading by late February.
Shares of this new EV stock could jump 460% after the IPO. No guarantees.But that’s based upon my research report and share price target.
Click here ASAP for urgent details (BEFORE Wall Street initiates coverage).
Yours in Wealth,