U.S. stocks closed mostly higher on Friday, while the S&P 500 closed above the 5,000 mark for the first time. For the week, all three indices recorded their fifth consecutive weekly gain with the S&P gaining 1.4% and the Dow adding 0.04% last 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: Trevor Walsh
- Analyst Firm: JMP Securities
- Ratings Accuracy: 88%
- Latest Rating: Reiterated a Market Outperform rating on V2X, Inc. VVX with a price target of $65 on Feb. 6, 2024. This analyst sees around 72% upside in the stock.
- Recent News: V2X, during November, lowered its FY23 adjusted EPS guidance.
Analyst: William Power
- Analyst Firm: Baird
- Ratings Accuracy: 88%
- Latest Rating: Maintained a Neutral rating on Everbridge, Inc. EVBG and boosted the price target from $21 to $29 on Feb. 6, 2024. This analyst sees around 3% upside in the stock.
- Recent News: Everbridge announced it will be acquired by Thoma Bravo for $1.5 billion.
Analyst: Shrenik Kothari
- Analyst Firm: Baird
- Ratings Accuracy: 88%
- Latest Rating: Maintained a Neutral rating on Varonis Systems, Inc. VRNS and increased the price target from $45 to $48 on Feb. 6, 2024. This analyst sees around 8% downside in the stock.
- Recent News: Varonis Systems reported better-than-expected fourth-quarter financial results.
Analyst: Jay McCanless
- Analyst Firm: Wedbush
- Ratings Accuracy: 88%
- Latest Rating: Reiterated a Neutral rating on LGI Homes, Inc. LGIH with a price target of $97 on Feb. 6, 2024. This analyst sees around 20% plunge in the stock.
- Recent News: LGI Homes posted downbeat sales for its third quarter.
Analyst: Keith Hughes
- Analyst Firm: Truist Securities
- Ratings Accuracy: 87%
- Latest Rating: Maintained a Buy rating on Masco Corporation MAS and raised the price target from $65 to $81 on Feb. 9, 2024. This analyst sees around 12% upside in the stock.
- Recent News: Masco reported better-than-expected fourth-quarter financial results and issued FY24 adjusted EPS guidance above estimates.
Read More: Top 5 Health Care Stocks That Are Preparing To Pump In February'
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