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Matriks Research Survey: Most recommended stocks

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Turkish Airlines Tops Brokerage Model Portfolios, Matriks Survey Shows

Summary: Turkish Airlines (THYAO) ranks as the most widely held stock in Turkish brokerage model portfolios, according to a Matriks research survey covering 34 brokerage houses. The airline appears in 22 institutional portfolios, with a median upside potential of 40.5% and a target price of TL 453.50.

THY Leads Institutional Conviction

A survey conducted by Matriks Haber across 34 brokerage firms reveals that Turkish Airlines (THYAO) holds the top position among stocks most frequently included in model portfolios.

The airline is featured in 22 brokerage portfolios, making it the most commonly recommended stock.

Brokerage analysts assign:

  • Median upside potential: 40.5%

  • Median target price: TL 453.50

The findings reflect strong institutional conviction in the company’s earnings outlook and sector positioning.

Akbank and Retail Names Follow

In second place is Akbank (AKBNK), included in 20 model portfolios.

For Akbank:

  • Average upside potential: 34.6%

  • Median target price: TL 110.00

Retail names also feature prominently:

  • Migros (MGROS) appears in 17 portfolios

  • BİM (BIMAS) is included in 16 portfolios

  • Turkcell (TCELL) ranks fifth with 15 portfolio inclusions

Broad Sector Representation

The survey examined:

  • 73 different stocks

  • 25 sectors

Stocks were ranked based on the number of brokerage houses that included them in their model portfolios.

The top 10 most widely held stocks appear in 10 to 22 portfolios, with average upside potential ranging between 20.8% and 40.7%.

Stocks ranked between 10th and 15th place are represented in 8 to 10 portfolios, with projected upside ranging from 23.6% to as high as 60.3%.

Turkish long bonds present opportunity

Participating Brokerages

The research covers model portfolios from 34 brokerage firms, including:

A1 Capital, Ahlatcı Yatırım, Ak Yatırım, Alnus Yatırım, Alternatif Menkul, Anadolu Yatırım, Ata Yatırım, Bizim Menkul, Deniz Yatırım, GCM Yatırım, Gedik Yatırım, Garanti BBVA Yatırım, Global Menkul, Halk Yatırım, ICBC Turkey Yatırım, İnfo Yatırım, İntegral Yatırım, İş Yatırım, KuveytTürk Yatırım, Marbaş Menkul, OYAK Yatırım, PhillipCapital Menkul, Piramit Menkul, QNB Yatırım, Şeker Yatırım, Tacirler Yatırım, TEB Yatırım, Tera Yatırım, Trive, Vakıf Yatırım, Yapı Kredi Yatırım, Yatırım Finansman and Ziraat Yatırım.

What It Means for Investors

Model portfolios reflect brokerage firms’ highest-conviction ideas based on earnings outlook, valuation metrics, and sector positioning.

The concentration of certain names — particularly Turkish Airlines and leading banking and retail stocks — suggests that institutional analysts are favoring:

  • Large-cap, liquid equities

  • Earnings visibility

  • Export-driven or domestic demand-supported sectors

Investors often monitor model portfolio overlap as a signal of institutional consensus.

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