U.S. stocks closed higher on Friday, with the S&P 500 and Nasdaq Composite snapping a three-week losing streak. However, the Dow Jones fell for the second consecutive week.
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: Leo Mariani
- Analyst Firm: Keybanc
- Ratings Accuracy: 90%
- Latest Rating: Maintained an Overweight rating on Murphy Oil Corporation MUR and increased the price target from $47 to $53 on Aug. 23, 2023. This analyst sees around 19% upside in the stock.
- Recent News: Murphy Oil posted better-than-expected second-quarter results.
Analyst: Zachary Fadem
- Analyst Firm: Wells Fargo
- Ratings Accuracy: 87%
- Latest Rating: Maintained an Overweight rating on Petco Health and Wellness Company, Inc. WOOF and cut the price target from $11 to $7 on Aug. 25, 2023. This analyst sees around 29% upside in the stock.
- Recent News: Petco Health and Wellness reported quarterly earnings of 6 cents per share.
Analyst: Chris Caso
- Analyst Firm: Wolfe Research
- Ratings Accuracy: 86%
- Latest Rating: Maintained an Outperform rating on NVIDIA Corporation NVDA and raised the price target from $570 to $630 on Aug. 24, 2023. This analyst sees around 37% upside in the stock.
- Recent News: NVIDIA reported better-than-expected second-quarter financial results, issued revenue guidance above estimates and approved an additional $25 billion in share repurchases.
Analyst: William Power
- Analyst Firm: Baird
- Ratings Accuracy: 86%
- Latest Rating: Maintained an Outperform rating on Zoom Video Communications, Inc. ZM and cut the price target from $95 to $90 on Aug. 22, 2023. This analyst sees around 33% upside in the stock.
- Recent News: Zoom reported quarterly earnings of $1.34 per share which beat the analyst consensus estimate of $1.05, a 27.62% increase over earnings of $1.05 per share from the same period last year.
Analyst: Craig Ellis
- Analyst Firm: B. Riley Securities
- Ratings Accuracy: 85%
- Latest Rating: Maintained a Buy rating on Marvell Technology, Inc. MRVL and increased the price target from $75 to $77 on Aug. 25, 2023. This analyst sees around 44% upside in the stock.
- Recent News: The company reported quarterly earnings of 33 cents per share, which beat the analyst consensus estimate of 32 cents, a 42.11% decrease over earnings of 57 cents per share from last year.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
