This Analyst With 86% Accuracy Rate Sees Around 24% Upside In Amazon.com - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts

U.S. stocks settled higher on Friday, with the Dow Jones index surging almost 500 points during the session.

Even as the major indices recorded gains on Friday, all three averages fell last week. The Dow dipped around 2.3% to record its third losing week in a row. The S&P 500 declined about 2%, while the Nasdaq Composite fell around 1.8% 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: Jay McCanless

• Analyst Firm: Wedbush
• Ratings Accuracy: 87%
• Latest Rating: Reiterated a Neutral rating on Lennar Corporation LEN with a price target of $164 on Dec. 19. This analyst sees around 19% upside in the stock.
• Recent News: On Dec. 18, Lennar reported worse-than-expected fourth-quarter financial results.

Analyst: Andres Sheppard

• Analyst Firm: Cantor Fitzgerald
• Ratings Accuracy: 87%
• Latest Rating: Maintained an Overweight rating on Archer Aviation Inc.  ACHR and raised the price target from $10 to $13 on Dec. 18. This analyst sees around 34% upside in the stock.
• Recent News: On Dec. 12, Archer announced a partnership with Anduril to develop hybrid VTOL military aircraft and reported raising an additional $430 million in equity capital.

Analyst: Doug Anmuth

• Analyst Firm: JP Morgan
• Ratings Accuracy: 86%
• Latest Rating: Maintained an Overweight rating on Amazon.com, Inc. AMZN and raised the price target from $250 to $280 on Dec. 18. This analyst sees around 24% upside in the stock.
• Recent News: Amid peak holiday shopping, Amazon.com recently announced that its operations will remain unaffected despite a strike initiated by workers at seven of its U.S. facilities.

Analyst: Jessica Reif Ehrlich

• Analyst Firm: B of A Securities
• Ratings Accuracy: 86%
• Latest Rating: Maintained a Buy rating on Fox Corporation  FOXA and increased the price target from $50 to $55 on Dec. 18. This analyst sees around 11% surge in the stock.
• Recent News: On Dec. 17, Fox announced its digital presence reached 2.4 billion total multiplatform views in November.

Analyst: Aaron Rakers

• Analyst Firm: Wells Fargo
• Ratings Accuracy: 85%
• Latest Rating: Maintained an Overweight rating on Micron Technology, Inc. MU and decreased the price target from $175 to $140 on Dec. 19. This analyst sees around 55% upside in the stock.
• Recent News: On Dec. 18, Micron reported first-quarter revenue of $8.71 billion, missing the consensus estimate of $8.72 billion.

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