U.S. stocks settled mixed on Friday, with the Nasdaq Composite gaining more than 100 points during the session. However, the Dow Jones index settled lower on Friday, also recording its worst week since March.
Major stock indices also recorded a mixed week, with the Dow falling 1.7% and the S&P 500 losing about 0.1%. However, the tech-heavy Nasdaq recorded a weekly gain of 0.7%.
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 ON Semiconductor Corporation (NASDAQ:ON) and cut the price target from $91 to $75 on Sept. 18. This analyst sees around 7% upside in the stock.
- Recent News: ON Semiconductor CEO Hassane El-Khoury expects rising compute requirements across AI data centers, automotive and industrial markets to drive semiconductor demand, while new technologies and the planned Synaptics Inc. (NASDAQ:SYNA) acquisition expand the company’s longer-term opportunity.
Analyst: David Amsellem
- Analyst Firm: Piper Sandler
- Ratings Accuracy: 80%
- Latest Rating: Maintained an Overweight rating on Axsome Therapeutics, Inc. (NASDAQ:AXSM) with a price target of $258 on Sept. 18. This analyst sees around 24% upside in the stock.
- Recent News: On Aug. 31, Axsome Therapeutics initiated SUMMIT Phase 3 trial of AXS-05 in smoking cessation.
Analyst: Seamus Fernandez
- Analyst Firm: Guggenheim
- Ratings Accuracy: 78%
- Latest Rating: Maintained a Buy rating on Eli Lilly and Company (NYSE:LLY) and raised the price target from $1,273 to $1,284 on Sept. 18. This analyst sees around 11% gain in the stock.
- Recent News: On Sept. 18, Eli Lilly announced the FDA approval of inluriyo in combination with verzenio for the treatment of adults with ER+, HER2–, ESR1-mutated locally advanced or metastatic breast cancer.
Analyst: Jason Bazinet
- Analyst Firm: Citigroup
- Ratings Accuracy: 77%
- Latest Rating: Upgraded rating on StubHub Holdings, Inc. (NYSE:STUB) from Neutral to Buy and cut the price target from $9 to $7 on Sept. 18. This analyst expects around 16% surge in the stock.
- Recent News: On Aug. 12, StubHub Holdings reported mixed second-quarter financial results.
Analyst: Hamed Khorsand
- Analyst Firm: BWS Financial
- Ratings Accuracy: 77%
- Latest Rating: Maintained a Top Pick rating on Innodata Inc. (NASDAQ:INOD) with a price target of $140 on Sept. 18. This analyst sees around 145% jump in the stock.
- Recent News: On Sept. 15, Innodata named Admiral Michael S. Rogers, former NSA director and commander of U.S. Cyber Command, to its board of directors.
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