U.S. stocks settled mixed on Friday, with the Dow Jones index gaining more than 200 points during the session. However, the Nasdaq settled lower amid decline in chip stocks.
Major indices on the Wall Street settled lower last week, with the S&P 500 and the Nasdaq falling 0.6% and 2.1%, respectively. The Dow also lost 0.4% during the period, recording losses for the third 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: Asiya Merchant
- Analyst Firm: Citigroup
- Ratings Accuracy: 91%
- Latest Rating: Maintained a Buy rating on Dell Technologies Inc (NYSE:DELL) and boosted the price target from $475 to $515 on July 24. This analyst sees around 18% upside in the stock.
- Recent News: On June 22, Dell announced it introduced the Dell PowerEdge XE8812 server.
Analyst: Matt Bryson
- Analyst Firm: Wedbush
- Ratings Accuracy: 88%
- Latest Rating: Maintained a Neutral rating on Intel Corp (NASDAQ:INTC) and raised the price target from $60 to $98 on July 24. This analyst sees around 7% upside in the stock.
- Recent News: On July 23, Intel reported better-than-expected second-quarter financial results and issued third-quarter guidance above estimates.
Analyst: Ruben Roy
- Analyst Firm: Stifel
- Ratings Accuracy: 88%
- Latest Rating: Maintained a Hold rating on Intel Corp (NASDAQ:INTC) and cut the price target from $120 to $110 on July 24. This analyst expects around 20% gain in the stock.
- Recent News: On July 23, Intel reported better-than-expected second-quarter financial results and issued third-quarter guidance above estimates.
Analyst: Aaron Rakers
- Analyst Firm: Wells Fargo
- Ratings Accuracy: 88%
- Latest Rating: Maintained an Equal-Weight rating on SanDisk Corp (NASDAQ:SNDK) and increased the price target from $1,250 to $1,620 on July 22. This analyst expects around 13% surge in the stock.
- Recent News: SanDisk said it will release earnings results for the fourth quarter on Wednesday, Aug. 5, after the closing bell.
Analyst: Timothy Arcuri
- Analyst Firm: UBS
- Ratings Accuracy: 88%
- Latest Rating: Maintained a Buy rating on Advanced Micro Devices Inc (NASDAQ:AMD) and raised the price target from $700 to $730 on July 24. This analyst sees around 40% gain in the stock.
- Recent News: On July 22, AMD and Anthropic disclosed a strategic partnership to deploy up to 2 gigawatts of AMD Instinct MI450 Series GPUs.
Photo via Shutterstock
Login to comment