Jim Cramer is back with new analogies, expectations, and predictions of stocks that could turn the market around. The host of mad money has recently predicted new stock analyses for certain firms, urging investors to focus on them to make solid gains in the near future.
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Robust Stocks To Explore Per Jim Cramer
1. The Procter & Gamble Company (PG)
The Procter & Gamble Company is a household name, acknowledged worldwide for its consumer packaged goods. The firm is set to conduct an analyst meeting on November 20 with a vision to bolster its earnings. The firm has recently faced issues as its demand in China has taken a plunge. However, the firm is positive that it’s busy curating measures to create equilibrium and establish its pace in the Chinese market again.
“The Proctor and Gamble analyst meeting. Procter does a fantastic job. Few companies explain so much to those who are thirsting for knowledge about companies themselves. Procter’s got an insight into everything from China to raw costs to tariffs… I love it.” Jim Cramer later adds
Per TipRanks, PG stocks are eyeing a new price target of $196 that the firm may claim within the next 12 months.
“The average price target for Procter & Gamble is $180.88. This is based on 18 Wall Street Analysts 12-month price targets issued in the past 3 months. The highest analyst price target is $196.00, and the lowest forecast is $163.00. The average price target represents a 5.93% increase from the current price of $170.76.”
2. Nvidia (NVDA)
Per Cramer, Nvidia is another solid stock option for users looking forward to exploring long-term gains. Nvidia is currently battling market heat due to its AI chip overheating issues, but experts believe that’s a temporary issue, issuing a strong hold call in the process. The firm is set to announce its earnings reports on November 20, 2024.
“Maybe this time is the top, and it’s all because of server meltdowns… I am more inclined to think you’re getting a buying opportunity in Nvidia thanks to The Information published a story that may simply not be that unless you didn’t know all that much and you parted with Nvidia as soon as the news came out.” Jim Cramer said
Per TipRanks, NVDA is targeting $200, which the firm can claim within the next 12 months.
“The average price target for Nvidia is $165.18. This is based on 42 Wall Street Analysts 12-month price targets issued in the past 3 months. The highest analyst price target is $200.00; the lowest forecast is $90.00. The average price target represents 12.36% increase from the current price of $147.01.”
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3. Target Corporation (TGT)
Target Corporation is a renowned US general merchandise retailer. The firm is looking forward to reporting positive price earnings on November 21, when it will announce its quarterly results. Cramer believes the target stock has potential and is worth exploring for the long haul.
“Target intrigues at $152, that’s down big from $188, almost 3% yield. People are so worried about tariffs that you might want to wait and see with this one.” Jim Cramer states.
According to TipRanks, TGT is currently looking forward to claiming $200, which the firm can easily conquer in the next 12 months, provided it continues to bolster its demand and product offerings.
“The average price target for Target is $181.57. This is based on 27 Wall Street Analysts 12-month price targets issued in the past 3 months. The highest analyst price target is $200.00; the lowest forecast is $157.00. The average price target represents 16.39% increase from the current price of $156.”
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