This Analyst With 83% Accuracy Rate Sees Over 25% Upside In Alibaba - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts

U.S. stocks closed mixed on Friday, following the release of PPI data. The Dow Jones closed higher by over 100 points, while S&P 500 and the Nasdaq settled lower on Friday.

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: Sean Eastman

• Analyst Firm: Keybanc
• Ratings Accuracy: 86%
• Latest Rating: Maintained an Overweight rating on Tetra Tech, Inc. TTEK and raised the price target from $185 to $200 on Aug. 11, 2023. This analyst sees around 19% upside in the stock.
• Recent News: Tetra Tech reported better-than-expected third-quarter financial results.

Analyst: Rick Patel

• Analyst Firm: Raymond James
• Ratings Accuracy: 85%
• Latest Rating: Downgraded rating on Capri Holdings Limited CPRI from Strong Buy to Market Perform on Aug. 11, 2023.
• Recent News: Tapestry, Inc. TPR, a house of luxury brands including Coach and Kate Spade, will acquire Capri Holdings, a luxury fashion group consisting of Versace, Jimmy Choo and Michael Kors.

Analyst: Eric Wold

• Analyst Firm: B. Riley Securities
• Ratings Accuracy: 85%
• Latest Rating: Maintained a Neutral rating on Six Flags Entertainment Corporation SIX and cut the price target from $28 to $27 on Aug. 11, 2023. This analyst sees around 21% upside in the stock.
• Recent News: Six Flags Entertainment reported second-quarter FY23 sales growth of 2% year-on-year to $443.71 million, missing the analyst consensus of $459.03 million.

Analyst: Colin Sebastian

• Analyst Firm: Baird
• Ratings Accuracy: 83%
• Latest Rating: Maintained an Outperform rating on Alibaba Group Holding Limited BABA and raised the price target from $115 to $120 on Aug. 11, 2023. This analyst sees more than 25% upside in the stock.
• Recent News: Alibaba Group reported first-quarter FY23 revenue growth of 14% year-on-year to $32.29 billion, beating the consensus of $31.20 billion.

Analyst: Jay McCanless

• Analyst Firm: Wedbush
• Ratings Accuracy: 83%
• Latest Rating: Maintained an Outperform rating on The GEO Group, Inc. GEO and raised the price target from $11 to $12.5 on Aug. 10, 2023. This analyst sees around 69% upside in the stock.
• Recent News: GEO Group reported strong second-quarter financial results.

Read More: Top 5 Tech And Telecom Stocks That May Explode This Month