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Top Wall Street analysts see strong upside potential in each of these stocks


Electric vehicle (EV) maker Nio (US.NIO) is suffering from the repercussions of the general weakness in consumer buying trends (in response to the inflation) and this weakness is expected to remain an overhang at least for the rest of this year.&nbsp

&nbsp Another EV and automobile accessories maker that is on Vijay Rakesh’s radar is Rivian (US.US.RIVN). Granted, the company has been a victim of circumstances, particularly supply chain disruptions and chip shortages, but growth is expected to gain traction soon after the clouds clear.&nbsp

Microchip Technology (US.MCHP) is a leading developer and manufacturer of microcontrollers, memory and analog, and interface products for embedded control systems (small, low-power computers designed for specific tasks).&nbsp

The banking sector is one of those which stands to benefit most from the high-interest rate situation, and Citigroup (C) is one of the largest players in this area.&nbsp

Public Storage (US.PSA) owns, develops, and operates self-storage facilities in the U.S. Encouragingly, a large part of Public Storage’s customer base prefers not to move their stored items around, making it easier for the company to raise its monthly fees.

top wall street analysts say buy rivian and nio 2022