The market may be choppy right now due to trade war concerns, but according to some market commentators we are primed for a surprise summer rally.

The fact that small-cap stocks are outperforming right now is a good sign for the market in general. So which stocks look set to soar in the coming months? Here we used TipRanks' Top Stocks tool to pinpoint the most compelling stocks. The tool selects stocks based on a formula that factors in bullish ratings made by the best performing analysts.

We also scanned for cheap stocks with big upside potential. 


If you are looking for a cheap bargain, you can't do much better than Evine Live (EVLV) . Owner of the home shopping channel Evine, the company is currently trading at just $1.19. This means that the average analyst price target of $2.13 translates into 79% upside potential. Plus, four top analysts have published back-to-back buy ratings on EVINE- giving it a 'Strong Buy' analyst consensus rating.

These analysts are getting excited about a potential sale of the company to a strategic buyer. One of these analysts is Craig Hallum's Alex Fuhrman. He notes that industry speculation has highlighted Action Alerts PLUS holding Amazon (AMZN) - Get Report as a possible buyer. While Fuhrman has no personal knowledge of any deal, he believes that acquiring EVINE would be a savvy move on Amazon's part. The deal would accelerate Amazon's success in the video commerce space- and at a much cheaper price than building up its own equivalent offering. As a result, he has a $3 price target on the company's stock (152% upside potential).

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Meanwhile, B.Riley FBE analyst Eric Wold chimes in with his take on the stock. He sees EVINE as undervalued arguing that: "the current valuation does not represent the attraction of the platform that has been developed over the years or the opportunity to drive increasing profitability in the coming years against relatively fixed production/marketing costs."


Auto giant Ford (F) - Get Report is not the most popular stock in the market right now. Shares have declined 5% year-to-date. However, this drop is unjustified according to top Jefferies analyst Philippe Houchois. He has just upgraded Ford from hold to buy with a $14 price target (20% upside potential).

"Rarely have we seen an OEM [original equipment manufacturer] generate so little passion," states Houchois. However, "Despite being perceived a laggard, we think Ford is early among global OEMs in re-evaluating how it allocates capital, a process most OEMs outside North American have yet to address."

At the same time, Ford is receiving "no credit for ambitious but credible cost targets and for multiple operating and strategic levers still available to improve market and product exposure." Houchois notes that Ford is one of few OEMs with a 'fortress' balance sheet, which will be "a critical factor to implement mobility businesses." He believes that Ford can achieve its ambitious long-term plan to reduce costs by $25 billion.

In total, our data shows that Ford has a 'Moderate Buy' analyst consensus rating, with analysts equally divided between hold and buy. However, if we look at the ratings from only the Street's best-performing analysts this consensus shifts to 'Strong Buy'. These top analysts have an average price target on Ford of $15 (28% upside potential).

Primo Water Corp.

Five-star Barrington analyst Michael Petusky has just highlighted Primo Water (PRMW) - Get Report as one of his top stock picks. Primo Water provides multi-gallon purified bottled water, refill water, and water dispensers across the U.S. and Canada.

"Simply put, we continue to be big fans of the Primo story and view the recent positive action in the shares as just the beginning," cheers Petusky. The stock has just experienced an 'overdue rally' rising 32% in the last three months on the back of a successful secondary equity offering. Primo raised $70 million through an offering of 5.3 million shares at $14 a share.

He adds: "We continue to really like the favorable macro backdrop of the water industry and Primo's dominant competitive position within the niche spaces in which it competes." With this in mind, Petusky reiterated his $20 price target on May 31. From current levels, this suggests upside potential of 18%.

Our data shows that in the last three months, three top analysts have published buy ratings on Primo Water. They have an average price target of $20.

SeaSpine Holdings

As the name suggests, this fast-growing medtech stock focuses on designing and developing effective spinal surgery technologies. Top-rated Cantor Fitzgerald analyst Craig Bijou has just carried out a deep dive into the spine industry.

Following this analysis, he writes: "While the spine market has faced a bevy of headwinds and challenges over the last 18 months that has suppressed growth, we believe that spine is still an important and relevant market." Indeed, spine represents "a $9 billion global market, the largest orthopedic market, larger than knees and hips, and one of the largest end markets in medical devices."

Bijou has now initiated coverage of fast-growing SeaSpine (SPNE) - Get Report with a Buy rating and $16 price target. Given that the stock is currently trading at $12, this suggests big upside potential of over 33%. According to Bijou, SeaSpine's recent momentum is set to continue with the opportunity for the company to outpace spine competitors with product portfolio refreshes and new exclusive distributors. He concludes: SeaSpine's multiple "could quickly expand, moving closer to its spine peers, with a few quarterly beats."

Overall, three top analysts have published recent buy ratings on this stock. Their average price target works out at $16.

Ciena Corp.

Ciena (CIEN) - Get Report has just lifted its fiscal year 2018 sales growth guidance from above 5% to 7%-9% on the strength of robust first quarter orders. In light of this, top-rated Nomura analyst Jeff Kvaal reiterated his Ciena buy rating on May 31 with a bullish $30 price target (28% upside potential).

"Ciena strengthened its share gain story by citing eight Tier 1 telco competitive wins this year and a second straight strong webscale quarter," writes Kvaal. The revenue picture is brightening, with impressive orders from India in particular. The only fly in the ointment is that margins are under some pressure.

However, Kvaal is not unduly concerned. He notes that this near-term margin for long-term market share trade-off has worked well for Ciena in the past and expects the company to restore its margin structure over time.

Our data shows that 11 top analysts have published buy ratings on Ciena in the last three months. In the same time, only one top analyst has stayed sidelined on this 'Strong Buy' stock. These analysts have a Ciena average price target of $31 (32% upside potential). 

-Analysis by Harriet Lefton.

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