The top traded stocks among Saxo clients are also analyst favourites with a median upside from current price to price targets of 17%. In today's equity note we focus on Sunrun, Block, and Nvidia which are all three darlings of analysts. Sunrun is a US residential solar panel and battery storage company that has not lost its faith from analysts despite a share price that is down 44% this year and elevated default risk due to high debt levels and lack of profitability. Block is struggling with profitability and the recent outlook from Dutch competitor Adyen has soured investor sentiment on payment stocks. Nvidia is on everyone's mind as the company is the main beneficiary of the gold rush into generative AI.
Key points in this equity note
- Sunrun has the highest upside potential according to analysts among Saxo’s 30 most traded US equities. For this to come true, Sunrun must quickly increase its profitability.
- Block has recently seen their 12-month forward revenue estimates been raised by analysts despite the recent miss on volume from Adyen casting dark clouds over the entire payments industry.
- Nvidia remains the darling of Saxo clients, analysts and investors as the gold rush into AI means Nvidia is selling GPU at an insane rate. Nvidia’s 12-month revenue estimate has been raised 42% by analysts over the past three months.
Saxo’s most held and traded US equities
In this equity note we present a table of useful information on the 30 most held and traded US equities sorted on the difference between analysts target and the current price. A general observation is that the median upside to analyst targets is around 17% with Sunrun being the most bullish case seen by analysts with the price target sitting 146% above the current price. 12-month forward revenue estimates have not changed much for this group over the past three months except for companies such as Block (+5.7%), Nvidia (41.8%), and Meta (+5.6%) reflecting the AI growth wave and better than expected developments in e-commerce and online advertising.
