This Analyst With 87% Accuracy Rate Sees Around 16% Upside In Home Depot - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts

The S&P 500 settled higher on Friday, surpassing the 4,300 level for the first time since August. The index also recorded gains for four weeks in a row.

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 The Home Depot, Inc HD and raised the price target from $325 to $345 on June 8, 2023. Fadem sees around 16% upside in the company’s stock.
• Recent News: The Home Depot reported mixed first-quarter financial results, a year-over-year decrease in comparable sales and lowered FY23 guidance.

Analyst: Brandon Couillard

• Analyst Firm: Jefferies
• Ratings Accuracy: 86%
• Latest Rating: Maintained a Buy rating and increased the price target from $82 to $100 on Exact Sciences Corporation EXAS on June 7, 2023. This analyst sees around 14% upside in the stock.
• Recent News: Exact Sciences’ first-quarter revenues increased 24% Y/Y to $602 million, beating the average Wall Street estimate of $543.46 million.

Analyst: Eric Wold

• Analyst Firm: B. Riley Securities
• Ratings Accuracy: 85%
• Latest Rating: Initiated coverage on Loop Media, Inc. LPTV with a Buy rating and a price target of $5 on June 9, 2023. This analyst expects over 62% gain in the company’s stock.
• Recent News: Loop Media provided third-quarter FY23 guidance. The company expects revenue of $5.4 million-$5.6 million (versus the consensus estimate of $8.3 million) and an operating loss of $(7.6) million-$(7.9) million.

Analyst: Craig Ellis

• Analyst Firm: Baird
• Ratings Accuracy: 85%
• Latest Rating: Reiterated an Outperform rating on Semtech Corporation SMTC with a price target of $40 on June 8, 2023. Ellis sees the stock surging around 87%.
• 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: Rohit Kulkarni

• Analyst Firm: Roth MKM
• Ratings Accuracy: 84%
• Latest Rating: Upgraded Yext, Inc. YEXT from Neutral to Buy and raised the price target from $8.5 to $12.5 on June 7, 2023. This analyst sees around 4% decline in the stock.
• Recent News: Yext reported better-than-expected first-quarter financial results and issued FY24 guidance above estimates.

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