This Analyst With 84% Accuracy Rate Sees Around 12% Upside In Trade Desk - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts

U.S. stocks settled higher on Friday, after recording sharp losses earlier during the week. However, major indices recorded losses last week, with the Dow and Nasdaq falling by 0.6% and 0.18%, respectively.

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: 85%
• Latest Rating: Maintained a Hold rating on Diodes Incorporated DIOD and cut the price target from $74 to $69 on Aug. 9. This analyst sees around 7% upside in the stock.
• Recent News: On Aug. 8, Diodes reported better-than-expected second-quarter financial results and issued third-quarter revenue guidance above estimates.

Analyst: Lloyd Walmsley

• Analyst Firm: Deutsche Bank
• Ratings Accuracy: 84%
• Latest Rating: Maintained a Buy rating on Zillow Group, Inc. Z and increased the price target from $55 to $60 on Aug. 9. This analyst sees around 16% upside in the stock.
• Recent News: On Aug. 7, Zillow reported better-than-expected second-quarter financial results..

Analyst: Mark Kelley

• Analyst Firm: Stifel
• Ratings Accuracy: 84%
• Latest Rating: Reiterated a Buy rating on The Trade Desk, Inc. TTD and raised the price target from $105 to $111 on Aug. 9. This analyst sees around 12% upside in the stock.
• Recent News: On Aug. 8, The Trade Desk reported better-than-expected second-quarter financial results.

Analyst: Doug Anmuth

• Analyst Firm: JP Morgan
• Ratings Accuracy: 83%
• Latest Rating: Maintained a Neutral rating on Lyft, Inc. LYFT and cut the price target from $18 to $15 on Aug. 8. This analyst sees about 54% gain in the stock.
• Recent News: On Aug. 7, Lyft reported its second-quarter financial results, reporting adjusted EPS of 24 cents, which beat the analyst consensus estimate of 19 cents.

Analyst: William Power

• Analyst Firm: Baird
• Ratings Accuracy: 83%
• Latest Rating: Downgraded rating on Five9, Inc. FIVN from Outperform to Neutral and slashed the price target from $90 to $40 on Aug. 9. This analyst sees around 29% upside in the stock.
• Recent News: On Aug. 8, Five9 posted better-than-expected quarterly earnings.

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• Wall Street’s Most Accurate Analysts Give Their Take On 3 Defensive Stocks Delivering High-Dividend Yields