This Analyst With 83% Accuracy Rate Sees Around 14% Upside In Uber Technologies - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts

U.S. stocks closed mixed on Friday, but all three major indices recorded strong weekly gains. For the week, the Dow gained 2.3%, while the S&P 500 added 2.4%.

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 Equal-Weight rating on Domino's Pizza, Inc. DPZ and increased the price target from $310 to $375 on July 13, 2023. Fadem sees around 3% downside in the company’s stock.
  • Recent News: Domino's Pizza entered a new global agreement with Uber Technologies.

Analyst: Seldon Clarke

  • Analyst Firm: Deutsche Bank
  • Ratings Accuracy: 85%
  • Latest Rating: Maintained a Buy rating on Builders FirstSource, Inc. BLDR and raised the price target from $138 to $163 on July 12, 2023. This analyst sees around 16% upside in the stock.
  • Recent News: Builders FirstSource reported better-than-expected first-quarter financial results .

Analyst: Eric Wold

  • Analyst Firm: B. Riley Securities
  • Ratings Accuracy: 85%
  • Latest Rating: Upgraded rating on Cinemark Holdings, Inc. CNK from Neutral to Buy and raised the price target from $20 to $23 on July 12, 2023. This analyst sees around 48% upside in the stock.
  • Recent News: Cinemark Holdings reported first-quarter FY23 sales growth of 32.6% year-on-year, to $610.7 million, beating the consensus of $566.4 million.

Analyst: Justin Post

  • Analyst Firm: B of A Securities
  • Ratings Accuracy: 83%
  • Latest Rating: Maintained a Buy rating on Uber Technologies, Inc. UBER and raised the price target from $44 to $51 on July 13, 2023. Post sees the stock surging around 14%.
  • Recent News: Domino's Pizza entered a new global agreement with Uber Technologies. The agreement allows U.S. customers to order Domino's products through the Uber Eats and Postmates apps.

Analyst: Jay McCanless

  • Analyst Firm: Wedbush
  • Ratings Accuracy: 83%
  • Latest Rating: Maintained an Outperform rating on M/I Homes, Inc. MHO and boosted the price target from $83 to $108 on July 12, 2023. This analyst sees around 17% surge in the stock.
  • Recent News: M/I Homes posted upbeat first-quarter results.

 

Read More: Top 5 Real Estate Stocks That May Plunge In July

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