Top Wall Street analysts are backing stocks like DraftKings and Peloton as 2021 kicks off

Top Wall Street analysts are backing stocks like DraftKings and Peloton as 2021 kicks off

Pedestrians walk by a T-Mobile store in New York.Scott Mlyn | CNBCAccording to some Wall Street experts, there's still plenty of fuel left in the tank, even after the stock market closed out the year at record highs. Strategists from Goldman Sachs predict that the S&P 500 will round out 2021 at 4,300 points, which would reflect upside of 14%. This is, however, contingent on increased corporate profits and continued low interest rates, with risks to this forecast including Senate runoffs in Georgia, an increase in interest rates and inflation as well as a less successful vaccine rollout than expected.That said, others aren't quite as optimistic, with BofA Securities' Savita Subramanian putting her 2021 S&P 500 target at 3,800 points, or a 1.2% gain, noting that the index already has some of this year's growth built in."There will again be a disconnect in how the markets and the economy do in 2021… Our view is that the economy sees an aggressive recovery and that corporate earnings see an aggressive recovery, but the market returns are less robust, given that a lot of gains from next year have been pulled into this year," Subramanian commented.With this in mind, finding compelling plays