This Analyst With 84% Accuracy Rate Sees Around 21% Upside In Uber Technologies - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts

U.S. stocks closed higher on Friday, amid surge in tech stocks. For the week, the Dow gained about 0.7%, while the S&P 500 and the Nasdaq gained 1.3% and 2.4%, respectively.

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: William Warmington

• Analyst Firm: Wells Fargo
• Ratings Accuracy: 84%
• Latest Rating: Initiated coverage on Fair Isaac Corporation FICO with an Overweight rating on Nov. 8, 2023.
• Recent News: Fair Isaac posted downbeat earnings for the fourth quarter.

Analyst: Doug Anmuth

• Analyst Firm: JP Morgan
• Ratings Accuracy: 84%
• Latest Rating: Maintained an Overweight rating on Uber Technologies, Inc. UBER and increased the price target from $56 to $62 on Nov. 8, 2023. This analyst sees around 21% upside in the stock.
• Recent News: Uber reported third-quarter FY23 revenue growth of 11% year-on-year to $9.29 billion, missing the consensus of $9.52 billion.

Analyst: Myles Walton

• Analyst Firm: Wolfe Research
• Ratings Accuracy: 84%
• Latest Rating: Upgraded rating on Spirit AeroSystems Holdings, Inc. SPR from Peer Perform to Outperform with a price target of $34 on Nov. 9, 2023. This analyst sees more than 40% upside in the stock.
• Recent News: Spirit AeroSystems posted a wider-than-expected loss for the third quarter.

Analyst: Rohit Kulkarni

• Analyst Firm: Roth MKM
• Ratings Accuracy: 83%
• Latest Rating: Maintained a Buy rating on Upwork Inc. UPWK and increased the price target from $13 to $14 on Nov. 8, 2023. This analyst sees around 2% upside in the stock.
• Recent News: Upwork reported better-than-expected third-quarter financial results and announced a $100 million share buyback program.

Analyst: Scott Devitt

• Analyst Firm: Wedbush
• Ratings Accuracy: 82%
• Latest Rating: Maintained a Neutral rating on Instacart (Maplebear Inc.) CART and raised the price target from $28 to $30 on Nov. 9, 2023. This analyst sees around 19% upside in the stock.
• Recent News: Maplebear posted third-quarter total revenue of $7.494 billion, up 6% year-over-year.

Read More: Top 5 Tech And Telecom Stocks That May Explode In Q4