U.S. stocks settled lower on Friday, with the Dow Jones falling more than 300 points during the session. The S&P 500 recorded a weekly loss of 2.1%, while the Nasdaq Composite fell around 3.2%. The 30-stock Dow lost 1.2% 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: John Todaro
- Analyst Firm: Needham
- Ratings Accuracy: 90%
- Latest Rating: Maintained a Buy rating on Hut 8 Corp HUT and raised the price target from $21 to $32 on Nov. 14. This analyst sees more than 25% increase in the stock.
- Recent News: On Nov. 13, Hut 8 Mining reported better-than-expected third-quarter financial results.
Analyst: Trevor Walsh
- Analyst Firm: JMP Securities
- Ratings Accuracy: 89%
- Latest Rating: Maintained a Market Outperform rating on Cyberark Software Ltd CYBR and boosted the price target from $310 to $360 on Nov. 14. This analyst sees around 18% upside in the stock.
- Recent News: On Nov. 13, CyberArk Software reported better-than-expected earnings for its third quarter.
Analyst: Mike Colonnese
- Analyst Firm: HC Wainwright & Co.
- Ratings Accuracy: 87%
- Latest Rating: Maintained a Buy rating on HIVE Digital Technologies Ltd HIVE and raised the price target from $5 to $8 on Nov. 14. This analyst sees around 77% upside in the stock.
- Recent News: On Nov. 14, HIVE Digital Technologies posted mixed quarterly results.
Analyst: Josh Sullivan
- Analyst Firm: Benchmark
- Ratings Accuracy: 86%
- Latest Rating: Maintained a Buy rating on Intuitive Machines Inc LUNR and increased the price target from $10 to $16 on Nov. 15. This analyst sees around 31% surge in the stock.
- Recent News: On Nov. 14, Intuitive Machines reported third-quarter revenue of $58.48 million, beating analyst estimates of $50.89 million, according to Benzinga Pro.
Analyst: Rufus Hone
- Analyst Firm: BMO Capital
- Ratings Accuracy: 86%
- Latest Rating: Maintained an Outperform rating on Mastercard Inc MA and raised the price target from $550 to $565 on Nov. 14. This analyst sees more than 8% upside in the stock.
- Recent News: Mastercard, last week, unveiled its vision to transform online shopping by 2030, aiming to eliminate the need for physical card numbers, passwords, and one-time codes to streamline the checkout experience.
Read More:
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.