This Analyst With 86% Accuracy Rate Sees Over 15% Upside In NVIDIA - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts

U.S. stocks recorded losses last week, with the Dow falling 2.2%. The S&P 500 declined 2.1%, recording losses for the straight 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: Leo Mariani

• Analyst Firm: Roth MKM
• Ratings Accuracy: 90%
• Latest Rating: Reiterated a Neutral rating on Occidental Petroleum Corporation OXY with a price target of $60 on Aug. 16, 2023. This analyst sees around 6% downside in the stock.
• Recent News: Occidental Petroleum inked a definitive deal to acquire all the outstanding equity of Carbon Engineering Ltd. for around $1.1 billion.

Analyst: Zachary Fadem

• Analyst Firm: Wells Fargo
• Ratings Accuracy: 87%
• Latest Rating: Maintained an Overweight rating on The Home Depot, Inc. HD and raised the price target from $345 to $360 on Aug. 16, 2023. This analyst sees around 10% upside in the stock.
• Recent News: Home Depot reported a second-quarter FY23 sales decline of 2% year-on-year to $42.92 billion, beating the analyst consensus of $42.25 billion.

Analyst: Mark Kelley

• Analyst Firm: Stifel
• Ratings Accuracy: 87%
• Latest Rating: Maintained a Hold rating on Tremor International Ltd TRMR and cut the price target from $7.5 to $4.5 on Aug. 18, 2023. This analyst sees around 10% upside in the stock.
• Recent News: Tremor International reported worse-than-expected second-quarter financial results.

Analyst: Chris Caso

• Analyst Firm: Raymond James
• Ratings Accuracy: 86%
• Latest Rating: Maintained a Strong Buy rating on NVIDIA Corporation NVDA and raised the price target from $450 to $500 on Aug. 16, 2023. This analyst sees more than 15% upside in the stock.
• Recent News: NVIDIA recently announced a broad range of frameworks, resources and services for developers and companies to accelerate the adoption of Universal Scene Description, known as OpenUSD.

Analyst: Brandon Couillard

• Analyst Firm: Jefferies
• Ratings Accuracy: 86%
• Latest Rating: Maintained a Buy rating on Agilent Technologies, Inc. A and cut the price target from $150 to $146 on Aug. 16, 2023. This analyst sees around 22% upside in the stock.
• Recent News: Agilent Technologies reported strong third-quarter financial results.

Read More: Nordson Likely To Post Lower Q3 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts