U.S. stocks settled higher on Friday, with the S&P 500 and the Nasdaq Composite recording their best week of the year. Both indices also notched gains for the fifth straight day. On a weekly basis, the S&P 500 gained 4%, while the Nasdaq added 5.9%. The Dow has climbed 2.6% last week.
Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about which analyst’s opinion to trust.
Benzinga’s Analyst Ratings API is a collection of the highest-quality stock ratings curated by the Benzinga news desk via direct partnerships with major sell-side banks. Benzinga displays overnight ratings changes on a daily basis three hours prior to the U.S. equity market opening. Data specialists at investment dashboard provider Toggle.ai recently uncovered that the analyst insights Benzinga Pro subscribers and Benzinga readers regularly receive can successfully be used as trading indicators to outperform the stock market.
Top Analyst Picks: Fortunately, any Benzinga reader can access the latest analyst ratings on the Analyst Stock Ratings page. One of the ways traders can sort through Benzinga’s extensive database of analyst ratings is by analyst accuracy. Here’s a look at the most recent stock picks from each of the five most accurate Wall Street analysts, according to Benzinga Analyst Stock Ratings.
Analyst: Zachary Fadem
- Analyst Firm: Wells Fargo
- Ratings Accuracy: 86%
- Latest Rating: Maintained an Overweight rating on RH RH and raised the price target from $325 to $350 on Sept. 13. This analyst sees around 9% increase in the stock.
- Recent News: On Sept. 12, RH reported quarterly earnings of $1.69 per share, which beat the analyst consensus estimate of $1.56 per share.
Analyst: William Power
- Analyst Firm: Baird
- Ratings Accuracy: 84%
- Latest Rating: Maintained an Outperform rating on Axon Enterprise, Inc. AXON and boosted the price target from $360 to $400 on Sept. 10. This analyst sees around 5% upside in the stock.
- Recent News: On Aug. 6, Axon Enterprise reported better-than-expected second-quarter financial results and raised its FY24 revenue guidance above estimates.
Analyst: Seth Seifman
- Analyst Firm: JP Morgan
- Ratings Accuracy: 84%
- Latest Rating: Downgraded rating on Huntington Ingalls Industries, Inc. HII from Overweight to Neutral but raised the price target from $280 to $285 on Sept. 9. This analyst sees around 9% upside in the stock.
- Recent News: On Aug. 1, Huntington Ingalls posted upbeat quarterly earnings.
Analyst: Chris Kotowksi
- Analyst Firm: Oppenheimer
- Ratings Accuracy: 83%
- Latest Rating: Maintained an Outperform rating on Jefferies Financial Group Inc. JEF and boosted the price target from $64 to $66 on Sept. 13. This analyst sees around 13% surge in the stock.
- Recent News: Jefferies is expected to release its third quarter financial results on Sept. 25.
Analyst: Josh Sullivan
- Analyst Firm: Benchmark
- Ratings Accuracy: 83%
- Latest Rating: Reiterated a Buy rating on Kratos Defense & Security Solutions, Inc. KTOS with a price target of $25 on Sept. 13. This analyst sees around 11% upside in the stock.
- Recent News: On Aug. 7, Kratos Defense & Security posted better-than-expected quarterly earnings.
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