TipRanks

Wells Fargo: 2 Compelling Stocks With Over 70% Upside Potential

The analysts at Wells Fargo have been scrutinizing the market, or more specifically, scrutinizing the winners and the losers of the current market conditions. In a recently published note, senior equity analyst Chris Harvey writes, “Risk-on and small-cap outperformance has turned this equity market into a stock picker’s paradise.” Obviously, then, Harvey sees small-cap stocks doing well right now, with plenty of options for investors to choose from. While small caps generally amount to a riskier investment, one distinct advantage they hold over larger names is in the possibility for bigger returns. This is where the risk/reward paradigm comes into play. Following up on Harvey’s note, the firm has been making a slew of recommendations, finding small-cap equities on the cusp of growth and ones that promise 70% or greater returns in the coming year. We ran two of them through TipRanks database to see what other Wall Street’s analysts have in mind. Ping Identity Holding (PING) Starting in the tech sector, the first Wells Fargo pick we’re looking at is Ping Identity Holding Corp, which specializes in identity management. The company offers a range of products which allow customers to control login and access to networks and databases. While it has been in business for almost 20 years, Ping
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