The Dow Jones closed lower on Friday following the release of personal consumption expenditures price index. The S&P 500 fell around 4.9% in September and ended the quarter lower by 3.7%. The Dow recorded a 3.5% decline for September and a 2.6% decline for the quarter.
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: 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 $128 to $121 on Sept. 26, 2023. This analyst sees over 25% upside in the stock.
- Recent News: NIKE posted upbeat earnings for its first quarter, while sales missed expectations.
Analyst: Eric Wold
- Analyst Firm: B. Riley Securities
- Ratings Accuracy: 85%
- Latest Rating: Reiterated a Buy rating on Topgolf Callaway Brands Corp. MODG with a price target of $31 on Sept. 28, 2023. This analyst sees around 125% upside in the stock.
- Recent News: Topgolf Callaway reported mixed second-quarter financial results.
Analyst: Rohit Kulkarni
- Analyst Firm: Roth MKM
- Ratings Accuracy: 84%
- Latest Rating: Reiterated a Neutral rating Pinterest, Inc. PINS with a price target of $29 on Sept. 22, 2023. This analyst sees around 6% upside in the stock.
- Recent News: Pinterest announced a stock repurchase program of up to $1 billion Class A common stock.
Analyst: Justin Post
- Analyst Firm: B of A Securities
- Ratings Accuracy: 83%
- Latest Rating: Reiterated a Buy rating on Amazon.com, Inc. AMAN with a price target of $174 on Sept. 26, 2023. This analyst sees more than 35% upside in the stock.
- Recent News: Amazon.com is stepping into the generative AI arena with a new product called Bedrock, which offers its Amazon Web Services (AWS) clients the ability to use and adapt generative AI tools for their needs.
Analyst: Lloyd Walmsley
- Analyst Firm: UBS
- Ratings Accuracy: 83%
- Latest Rating: Initiated coverage on Opendoor Technologies Inc. OPEN with a Neutral rating and a price target of $2.75 on Sept. 29, 2023. This analyst sees around 0.4% upside in the stock.
- Recent News: Opendoor Technologies posted a profit for the second quarter.
Read More: Sportsman's Warehouse And 3 Other Penny Stocks Insiders Are Buying
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