This Analyst With 86% Accuracy Rate Sees More Than 24% Upside In Lattice Semiconductor - Here Are 5 Stock Picks For April From Wall Street's Most Accurate Analysts

U.S. stocks settled lower on Tuesday, with the Dow Jones index dipping more than 550 points during the session. All three major indices recorded losses in April, ending a streak of five consecutive months of gains. The Dow dipped 5% to record its weakest monthly performance since Sept. 2022, while the S&P 500 tumbled around 4.2% last month.

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: Jay McCanless

• Analyst Firm: Wedbush
• Ratings Accuracy: 87%
• Latest Rating: Reiterated a Neutral rating on PennyMac Mortgage Investment Trust PMT with a price target of $15 on April 29. This analyst sees around 8% increase in the stock.
• Recent News: On April 24, PennyMac Mortgage posted better-than-expected quarterly earnings.

Analyst: Zachary Fadem

• Analyst Firm: Wells Fargo
• Ratings Accuracy: 87%
• Latest Rating: Maintained an Equal-Weight rating on Domino’s Pizza, Inc DPZ and boosted the price target from $475 to $525 on April 30, 2024. This analyst sees around 1% downside in the stock.
• Recent News: On April 29, Domino’s Pizza reported better-than-expected first-quarter earnings.

Analyst: Mark Kelley

• Analyst Firm: Stifel
• Ratings Accuracy: 86%
• Latest Rating: Maintained a Hold rating on Snap Inc. SNAP and boosted the price target from $12 to $13 on April 26. This analyst sees around 13% downside in the stock.
• Recent News: On April 25, Snap reported better-than-expected first-quarter financial results and issued second-quarter revenue guidance above estimates.

Analyst: William Stein

• Analyst Firm: Truist Securities
• Ratings Accuracy: 86%
• Latest Rating: Maintained a Buy rating on ON Semiconductor Corporation ON and cut the price target from $89 to $85 on April 30. This analyst sees around 24% surge in the stock.
• Recent News: On April 29, ON Semiconductor reported better-than-expected first-quarter results.

Analyst: Hans Mosesmann

• Analyst Firm: Rosenblatt
• Ratings Accuracy: 86%
• Latest Rating: Reiterated a Buy rating on Lattice Semiconductor Corporation LSCC with a price target of $85 on April 30. This analyst sees more than 24% upside in the stock.
• Recent News: On April 29, Lattice Semiconductor reported upbeat first-quarter financial results, but issued weak revenue forecast for the second quarter.

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