This Analyst With 84% Accuracy Rate Sees Around 24% Upside In Pinterest - Here Are 5 Stock Picks For October From Wall Street's Most Accurate Analysts

U.S. stocks closed higher on Tuesday, ahead of the Federal Reserve's monetary policy decision. However, all three indices recorded losses last month, with the S&P 500 falling 2.2% and the Dow falling 1.4% for October.

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: Subash Chandra

• Analyst Firm: Benchmark
• Ratings Accuracy: 85%
• Latest Rating: Maintained a Buy rating on Antero Resources Corporation AR and cut the price target from $36 to $32 on Oct. 26, 2023. This analyst sees around 9% increase in the stock.
• Recent News: Antero Resources posted better-than-expected third-quarter results.

Analyst: William Power

• Analyst Firm: Baird
• Ratings Accuracy: 85%
• Latest Rating: Downgraded rating on Datadog, Inc. DDOG from Outperform to Neutral and lowered the price target from $100 to $84 on Oct. 30, 2023. This analyst sees around 3% upside in the stock.
• Recent News: Datadog is expected to report its third quarter fiscal year 2023 financial results on Tuesday, Nov. 7, 2023.

Analyst: Nicholas Cucharale

• Analyst Firm: Piper Sandler
• Ratings Accuracy: 84%
• Latest Rating: Maintained a Neutral rating on RBB Bancorp RBB and cut the price target from $13.75 to $13 on Oct. 25, 2023. This analyst sees more than 12% upside in the stock.
• Recent News: RBB Bancorp posted better-than-expected sales for its third quarter.

Analyst: Justin Post

• Analyst Firm: B of A Securities
• Ratings Accuracy: 84%
• Latest Rating: Upgraded rating on Pinterest, Inc. PINS from Neutral to Buy with a price target of $37 on Oct. 31, 2023. This analyst sees around 24% upside in the stock.
• Recent News: Pinterest reported better-than-expected third-quarter financial results and issued guidance.

Analyst: Jeremy Campbell

• Analyst Firm: Barclays
• Ratings Accuracy: 83%
• Latest Rating: Maintained an Overweight rating on LPL Financial Holdings Inc. LPLA and cut the price target from $277 to $265 on Oct. 30, 2023. This analyst sees around 18% upside in the stock.
• Recent News: LPL Financial posted stronger-than-expected results for its thirs quarter.

Read More: QUALCOMM Likely To Report Lower Q4 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts