This Analyst With 86% Accuracy Rate Sees Around 29% Upside In NVIDIA - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts

The Dow Jones edged higher on Friday, recording gains for a tenth straight session. On a weekly basis, the Dow rose 2.08%, while the S&P 500 added 0.69%.

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 Carvana Co. CVNA and increased the price target from $15 to $50 on July 20, 2023. Fadem sees around 10% upside in the company’s stock.
  • Recent News: Carvana reported better-than-expected second-quarter sales and guided positive adj. EBITDA for the third quarter.

Analyst: Mark Kelley

  • Analyst Firm: Stifel
  • Ratings Accuracy: 87%
  • Latest Rating: Maintained a Buy rating on Integral Ad Science Holding Corp. IAS and raised the price target from $20 to $23 on July 21, 2023. This analyst sees around 13% upside in the stock.
  • Recent News: Integral Ad Science recently rolled out ad measurement tools for Meta's Facebook and Instagram Reels videos.

Analyst: Chris Caso

  • Analyst Firm: Wolfe Research
  • Ratings Accuracy: 86%
  • Latest Rating: Initiated coverage on NVIDIA Corporation NVDA with an Outperform rating and a price target of $570 on July 20, 2023. This analyst sees around 29% upside in the stock.
  • Recent News: According to a Financial Times report, SoftBank-owned Arm is in talks with Nvidia as the chip designer gears up for an IPO, which could come as soon as September.

Analyst: Eric Wold

  • Analyst Firm: B. Riley Securities
  • Ratings Accuracy: 85%
  • Latest Rating: Reinstated a Neutral rating on Six Flags Entertainment Corporation SIX with a price target of $28 on July 21, 2023. Wold sees the stock surging around 23%.
  • Recent News: Six Flags reported better-than-expected first-quarter financial results.

Analyst: Justin Post

  • Analyst Firm: B of A Securities
  • Ratings Accuracy: 83%
  • Latest Rating: Maintained a Buy rating on Alphabet Inc. GOOGL and boosted the price target from $128 to $142 on July 20, 2023. This analyst sees around 18% surge in the stock.
  • Recent News: Alphabet’s Google is currently testing a product, internally known as “Genesis” that employs artificial intelligence technology to generate news stories.
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Read More: Insiders Buying Steel Connect And 2 Other Stocks

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