This Analyst With 86% Accuracy Rate Sees Around 1% Downside In Tesla - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts

U.S. stocks settled higher on Friday, with the S&P 500 recording its best week since Nov. 2023. The S&P 500 gained around 3.9%, while the Nasdaq and Dow Jones gained 5.2% and 2.9%, respectively, 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: William Stein

• Analyst Firm: Truist Securities
• Ratings Accuracy: 86%
• Latest Rating: Maintained a Hold rating on Tesla, Inc. TSLA with a price target of $215 on Aug. 14. This analyst sees around 1% downside in the stock.
• Recent News: Tesla CEO Elon Musk applauded beverage maker Happy Dad after the company's President John Shahidi shared a photograph of the company's new Cybertruck meant to be deployed in Dallas, Texas, on Sunday.

Analyst: Aaron Rakers

• Analyst Firm: Wells Fargo
• Ratings Accuracy: 85%
• Latest Rating: Maintained an Overweight rating on Dell Technologies Inc. DELL and slashed the price target from $175 to $150 on Aug. 14. This analyst sees around 35% upside in the stock.
• Recent News: Dell Technologies will conduct a conference call on Thursday, Aug. 29, to discuss its fiscal 2025 second quarter financial results.

Analyst: Sidney Ho

• Analyst Firm: Deutsche Bank
• Ratings Accuracy: 84%
• Latest Rating: Maintained a Hold rating on Applied Materials, Inc. AMAT and cut the price target from $260 to $230 on Aug. 16. This analyst sees around 11% upside in the stock.
• Recent News: On Aug. 15, Applied Materials reported better-than-expected results for its third quarter.

Analyst: Alex Rygiel

• Analyst Firm: B. Riley Securities
• Ratings Accuracy: 84%
• Latest Rating: Maintained a Neutral rating on L.B. Foster Company FSTR and cut the price target from $27 to $21 on Aug. 14. This analyst sees about 11% gain in the stock.
• Recent News: On Aug. 6, L.B. Foster posted better-than-expected quarterly sales.

Analyst: Harsh Kumar

• Analyst Firm: Piper Sandler
• Ratings Accuracy: 84%
• Latest Rating: Upgraded rating on Microchip Technology Incorporated MCHP from Neutral to Overweight and raised the price target from $90 to $100 on Aug. 16. This analyst sees around 24% upside in the stock.
• Recent News: On Aug. 1, Microchip Technology reported mixed first-quarter financial results.

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