This Analyst With 83% Accuracy Rate Sees Around 23% Upside In Amazon.com - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts

U.S. stocks closed lower on Friday, with the S&P 500 breaking its six-session win streak. However, the benchmark index still recorded weekly gain, also notching the fifth positive week in a row.

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: Nicholas Cucharale

• Analyst Firm: Pipe Sandler
• Ratings Accuracy: 86%
• Latest Rating: Assumed an Overweight rating on Capital Bancorp, Inc. CBNK with a price target of $22 on June 13, 2023. Cucharale sees around 16% upside in the company’s stock.
• Recent News: Capital Bancorp announced the appointment of Jennings "Jay" Walker as the new Chief Financial Officer of the company and Capital Bank.

Analyst: Matthew McClintock

• Analyst Firm: Raymond James
• Ratings Accuracy: 85%
• Latest Rating: Initiated coverage on Deckers Outdoor Corporation DECK with an Outperform rating and a price target of $565 on June 14, 2023. This analyst sees around 10% upside in the stock.
• Recent News: Deckers Outdoor reported a year-over-year increase in fourth-quarter EPS results and better-than-expected sales results.

Analyst: Rick Patel

• Analyst Firm: Raymond James
• Ratings Accuracy: 85%
• Latest Rating: Initiated coverage on Crocs, Inc. CROX with a Market Perform rating on June 14, 2023.
• Recent News: CROX reported first-quarter 2023 revenue growth of 33.9% Y/Y to $884.2 million, beating the consensus of $856.0 million.

Analyst: Eric Wold

• Analyst Firm: B. Riley Securities
• Ratings Accuracy: 85%
• Latest Rating: Downgraded rating on Cinemark Holdings, Inc. CNK from Buy to Neutral and cut the price target from $21 to $20 on June 14, 2023. Wold sees the stock surging around 17%.
• Recent News: Cinemark Holdings reported first-quarter FY23 sales growth of 32.6% year-on-year, to $610.7 million, beating the consensus of $566.4 million.

Analyst: Justin Post

• Analyst Firm: B of A Securities
• Ratings Accuracy: 83%
• Latest Rating: Maintained a Buy rating on Amazon.com, Inc. AMZN and raised the price target from $139 to $154 on June 12, 2023. This analyst sees around 23% surge in the stock.
• Recent News: The Competition and Markets Authority (CMA) cleared Amazon.com’s purchase of Roomba maker IRobot.

Read More: Amazon's US GMV Growth Could Surpass Estimates: Credit Suisse Analyst