With the new year just around the corner, investors are looking for stocks that could outperform in 2023. It’s been a volatile year for the stock market, with the Dow Jones Industrial Average performing the best of his three major indices this year. In fact, the blue-chip Dow has outperformed the S&P 500 by the widest margin in decades. With that in mind, CNBC Pro looked at the Dow stocks performing the most against analysts’ average price targets, per FactSet. Salesforce took the top spot, beating the analyst’s average price target by nearly 50%. The stock is widely loved, with 72% of analysts rating it a buy. The tech company is one of the worst performers in the 2022 index, down nearly 49% year-to-date. Several high-profile executives have left, including Bret Taylor. “Look, this is exactly what it is,” he told CNBC’s Jim Cramer earlier this month. is to operate according to its core values.” Disney has also been shaken at the top, with Bob Iger returning to the role of CEO in November following the ouster of Bob Chapek. The entertainment giant is up 37% above its average price target, with 78% of analysts covering the stock giving it a buy rating. Wells Fargo is one such bull, recently saying his stock could rise to $125 a share, which could put him 44% above Wednesday’s close. I’m here. Analyst Stephen Cajor has predicted that Disney will spin off ESPN later next year after implementing cost-cutting and balance sheet initiatives. The stock has fallen 44% this year. Tech giant Apple could also make a big profit, with analysts’ average price target suggesting a 28% rise for him. The stock has had a sluggish year, he’s down 25%, but analysts who cover Apple rate him 62% as a buy. Evercore ISI recently named Apple as his top pick for 2023. It’s even bigger,” analyst Amit Daryanani wrote in a note last week. Finally, Visa came in fourth for him, beating analysts’ average stock price target by nearly 21%. About 67% of analysts covering the stock have bought. The payments technology company is down just 5% year-to-date. — CNBC’s Michael Bloom contributed to the report.
Here are the 10 Dow stocks analysts think will see the most gains in 2023