This Analyst With 85% Accuracy Rate Sees Over 52% Upside In Capri Holdings - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts

U.S. stocks closed sharply higher on Friday following the release of jobs data, with the S&P 500 adding 1.82% 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: William Power

• Analyst Firm: Baird
• Ratings Accuracy: 86%
• Latest Rating: Maintained an Outperform rating on MongoDB, Inc. MDB and raised the price target from $290 to $390 on June 2, 2023. Fadem sees around 4% upside in the company’s stock.
• Recent News: MongoDB reported better-than-expected first-quarter results and issued strong guidance.

Analyst: Mark Shmulik

• Analyst Firm: Bernstein
• Ratings Accuracy: 85%
• Latest Rating: Maintained an Outperform rating and increased the price target from $125 to $140 on Amazon.com, Inc. AMZN on May 31, 2023. This analyst sees around 13% upside in the stock.
• Recent News: Amazon.com agreed to pay $30.8 million in settlements with the Federal Trade Commission over allegations of spying on customers through Ring doorbell cameras and violating children’s privacy rights with Alexa recordings.

Analyst: Rick Patel

• Analyst Firm: Raymond James
• Ratings Accuracy: 85%
• Latest Rating: Maintained a Strong Buy rating on Capri Holdings Limited CPRI and cut the price target from $60 to $55 on June 1, 2023. This analyst expects over 52% gain in the company’s stock.
• Recent News: Capri Holdings reported a fourth-quarter FY23 sales decline of 10.5% year-on-year to $1.33 billion, beating the analyst consensus estimate of $1.28 billion.

Analyst: Eric Wold

• Analyst Firm: B. Riley Securities
• Ratings Accuracy: 85%
• Latest Rating: Initiated coverage on Bowlero Corp. BOWL with a Buy rating and a price target of $18 on June 2, 2023. Power sees the stock surging around 55%.
• Recent News: Bowlero entered into a definitive agreement to acquire substantially all of the assets of Lucky Strike Entertainment LLC, an upscale bowling company with 14 locations across nine states.

Analyst: Aaron Rakers

• Analyst Firm: Wells Fargo
• Ratings Accuracy: 83%
• Latest Rating: Maintained an Equal-Weight rating on Broadcom Inc. AVGO and raised the price target from $600 to $800 on June 2, 2023. This analyst sees around 1% decline in the stock.
• Recent News: Broadcom reported better-than-expected second-quarter financial results and issued third-quarter revenue guidance above estimates.

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