This Analyst With 82% Accuracy Rate Sees Around 28% Upside In Apple - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts

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U.S. stocks settled lower on Friday, with the Dow Jones index dipping more than 300 points during the session. However, major indexes still recorded gains last week.

The blue-chip index gained around 0.4% last week, ending a three-week losing streak, while the S&P 500 added 0.7%. The Nasdaq, meanwhile, rose about 0.8% during the 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: Sumeet Mody

  • Analyst Firm: Piper Sandler
  • Ratings Accuracy: 87%
  • Latest Rating: Maintained a Neutral rating on Enfusion, Inc. ENFN and raised the price target from $10 to $11.5 on Dec. 23. This analyst sees around 14% upside in the stock.
  • Recent News: On Nov. 4, Enfusion reported worse-than-expected third-quarter financial results.

Analyst: Justin Post

  • Analyst Firm: B of A Securities
  • Ratings Accuracy: 85%
  • Latest Rating: Maintained a Buy rating on Alphabet Inc. GOOGL GOOG with a price target of $210 on Dec. 23. This analyst sees more than 9% upside in the stock.
  • Recent News: Google-parent Alphabet has laid out its remedies proposal in the high-stakes search distribution case with the Department of Justice (DOJ).

Analyst: Jon Arfstrom

  • Analyst Firm: RBC Capital
  • Ratings Accuracy: 83%
  • Latest Rating: Reiterated an Outperform rating on Huntington Bancshares Incorporated HBAN with a price target of $20 on Dec. 23. This analyst sees around 22% upside in the stock.
  • Recent News: Huntington Bancshares recently decreased its prime rate to 7.5%.

Analyst: Daniel Ives

  • Analyst Firm: Wedbush
  • Ratings Accuracy: 82%
  • Latest Rating: Maintained an Outperform rating on Apple Inc. AAPL and increased the price target from $300 to $325 on Dec. 26. This analyst sees around 28% surge in the stock.
  • Recent News: Apple has stopped selling its iPhone 14, iPhone 14 Plus, and third-generation iPhone SE models across most European Union countries.

Analyst: Yun Kim

  • Analyst Firm: Loop Capital
  • Ratings Accuracy: 80%
  • Latest Rating: Maintained a Buy rating on Datadog, Inc. DDOG and raised the price target from $160 to $200 on Dec. 23. This analyst sees around 37% upside in the stock.
  • Recent News: On Dec. 20, Datadog announced the pricing of an upsized offering of $870 million in convertible senior notes.

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