Raymond James’ top picks for 2026 aren’t AI stocks
Raymond James is advising investors to look beyond AI stocks, highlighting companies in delivery, dining, and financial services for potential gains in 2026. Key picks include DoorDash, Shake Shack, and Intercontinental Exchange, with analysts optimistic about their growth prospects. DoorDash is focusing on expansion and acquisitions, Shake Shack is seen as undervalued with room for recovery, and Intercontinental Exchange is benefiting from growth in energy futures and mortgage technology. Price targets suggest significant upside for all three stocks, reflecting a strategy favoring smaller and mid-sized equities as economic conditions evolve.