This Analyst With 84% Accuracy Rate Sees Around 19% Upside In Amazon.com - Here Are 5 Stock Picks For June From Wall Street's Most Accurate Analysts

U.S. stocks closed higher on Friday, with the Nasdaq Composite recording the best first half for since 1983.

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 Snowflake Inc. SNOW and raised the price target from $180 to $200 on June 28, 2023. Power sees around 14% upside in the company’s stock.
• Recent News: Snowflake announced a partnership with NVIDIA to aid organizations in creating AI models with own data.

Analyst: Mark Shmulik

• Analyst Firm: Bernstein
• Ratings Accuracy: 85%
• Latest Rating: Downgraded Alphabet Inc. GOOGL from Outperform to Market Perform with a price target of $125 on June 27, 2023. This analyst sees over 4% upside in the stock.
• Recent News: Alphabet’s Google and Meta Platforms have decided to remove links to Canadian news sites — a step that has made significant ripples in the country.

Analyst: Rick Patel

• Analyst Firm: Raymond James
• Ratings Accuracy: 85%
• Latest Rating: Maintained an Outperform rating on NIKE, Inc. NKE and cut the price target from $135 to $128 on June 30, 2023. This analyst sees around 16% upside in the stock.
• Recent News: Nike reported a fourth-quarter EPS miss.

Analyst: Craig Ellis

• Analyst Firm: B. Riley Securities
• Ratings Accuracy: 85%
• Latest Rating: Maintained a Neutral rating on Transphorm, Inc. TGAN and cut the price target from $5.5 to $4.5 on June 28, 2023. Ellis sees the stock surging over 32%.
• Recent News: Transphorm reported a wider-than-expected fourth-quarter loss.

Analyst: Rohit Kulkarni

• Analyst Firm: Roth MKM
• Ratings Accuracy: 84%
• Latest Rating: Maintained a Buy rating on Amazon.com, Inc. AMZN and raised the price target from $130 to $155 on June 26, 2023. This analyst sees around 19% surge in the stock.
• Recent News: Amazon.Com is poaching several staffers from the Federal Trade Commission as it gears up for an antitrust battle with the regulator.

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