Here are Wall Street's favorite Dow stocks for 2022

Published Sun, Dec 26 20219:00 AM EST

Software giant Salesforce , athletic retailer Nike and bank stock Goldman Sachs are among the top Dow picks from Wall Street analysts for 2022. It's been a volatile 2021, but the Dow Jones Industrial Average is up more than 17%. 2022 is expected to be a year of further economic recovery, more inflation and rising interest rates. CNBC PRO screened for the most-loved Dow stocks on Wall Street heading into 2022 based on the number of analysts with buy ratings on the shares and the average upside to their consensus 12-month price targets. The stocks below have major upside to their 12-month price targets, with some companies expected to see more than 30% rallies in the new year. All have at least 10% upside. And at least 60% of the analysts who cover the stock say they are a buy. Take a look at the list here. Software stocks Salesforce and Microsoft are the most-loved Dow stocks on the list. Nearly 78% of analysts give Salesforce a buy rating and more than 82% of analysts recommend buying Microsoft. Plus, Salesforce is expected to rally nearly 33% next year. Even after Microsoft's big gain in 2021, Wall Street sees it rising more than 15% next year. Payments company Visa also earned a spot on CNBC PRO's most-loved Dow stocks list. Wall Street sees the credit card company gaining more than 31% next year. Three quarters of the analysts who cover Visa give it a buy rating. Big box retailer Walmart is slated to gain nearly 23% in 2022. The company's CEO said the current inflationary environment is an opportunity to beat competitors on price. Doug McMillon said the big-box retailer will lean into its longtime strategy : undercutting rivals on prices for consumers. Disney was a major underperformer in 2021, however Wall Street expects a 30%-plus rebound for the amusement park and media giant next year. Goldman Sachs and Chevron were huge winners this year. Yet, Wall Street sees the financial and energy stocks rallying 24% and 16%, respectively, in 2022. While Nike has been dealing with supply chain bottlenecks, Wall Street expects the shoe giant to rally more than 17% next year.

The Salesforce Tower, left, and the Salesforce West office building in San Francisco, California, U.S., on Tuesday, Feb. 23, 2021.

David Paul Morris | Bloomberg | Getty Images

Software giant Salesforce, athletic retailer Nike and bank stock Goldman Sachs are among the top Dow picks from Wall Street analysts for 2022.