With the S&P 500 up more than 19% already this year, investors are scrambling to find the next big winners. According to Wall Street analysts, these stocks could have the most room to run.
CNBC used FactSet to screen the stocks with the highest average 12-month price targets by analysts. To find the names with the highest conviction from Wall Street, CNBC winnowed down the pool by selecting the stocks whose forecast has only gone up in the past three months. Stocks that have fallen in the past three months were also excluded.
Oil and gas drilling company Diamondback Energy is the stock with the most bullish forecast. Analysts believe Diamondback shares will jump 44% over the next 12 months after a rise of 12% this year. The stock also has the most buy ratings on Wall Street.