This Analyst With 87% Accuracy Rate Sees Around 17% Upside In Meta Platforms - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts

U.S stocks closed higher on Friday, with the Dow Jones adding more than 250 points during the session.

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: 87%
• Latest Rating: Maintained an Overweight rating on Floor & Decor Holdings, Inc. FND and raised the price target from $105 to $110 on April 28, 2023. Fadem sees around 11% upside in the company’s stock.
• Recent News: Floor & Decor launched the grand opening of its Temple, Texas store.

Analyst: Mark Kelley

• Analyst Firm: Stifel
• Ratings Accuracy: 87%
• Latest Rating: Maintained a Buy rating on Meta Platforms, Inc. META and boosted the price target from $230 to $280 on April 27, 2023. This analyst sees around 17% upside in the stock.
• Recent News: Meta Platforms reported better-than-expected Q1 results and an increase in active users.

Analyst: Mark Shmulik

• Analyst Firm: Bernstein
• Ratings Accuracy: 85%
• Latest Rating: Maintained a Market Perform rating on Pinterest, Inc. PINS and slashed the price target from $28 to $23 on April 28, 2023. This analyst expects around 0.4% decline in the company’s stock.
• Recent News: Pinterest reported an increase in total costs and expenses in the first quarter.
• Analyst: Rick Patel
• Analyst Firm: Raymond James
• Ratings Accuracy: 85%
• Latest Rating: Maintained an Outperform rating on Skechers U.S.A., Inc. SKX and raised the price target from $55 to $58 on April 28, 2023. Patel sees the stock gaining around 9%.
• Recent News: Skechers reported better-than-expected Q1 adjusted EPS and sales results and issued FY23 EPS guidance above analyst estimates.
• Analyst: Eric Wold
• Analyst Firm: B. Riley Securities
• Ratings Accuracy: 85%
• Latest Rating: Maintained a Buy rating on MarineMax, Inc. HZO and cut the price target from $52 to $48 on April 28, 2023. This analyst sees around 65% growth in the stock.
• Recent News: MarineMax reported weaker-than-expected Q2 results.

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