This Analyst With 85% Accuracy Rate Sees Around 8% Upside In NVIDIA - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts
U.S. stocks settled higher on Friday, as the Dow Jones index settled above the major 40,000 level for the first time.
U.S. major indices also notched weekly gains, with the Dow gaining 1.2% to record its fifth consecutive weekly gain, while the S&P 500 added 1.5% last 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: Chris Caso
- Analyst Firm: Wolfe Research
- Ratings Accuracy: 87%
- Latest Rating: Upgraded the rating on Intel Corporation (NASDAQ:INTC) from Underperform to Peer Perform on May 16.
- Recent News: Intel, last week, announced the appointment of Kevin O’Buckley as senior vice president and general manager of Foundry Services.
Analyst: Trey Grooms
- Analyst Firm: Stephens & Co.
- Ratings Accuracy: 87%
- Latest Rating: Maintained an Overweight rating on Advanced Drainage Systems, Inc. (NYSE:WMS) and increased the price target from $182 to $193 on May 17. This analyst sees around 11% upside in the stock.
- Recent News: Advanced Drainage Systems, last week, posted upbet quarterly sales.
Analyst: Aaron Rakers
- Analyst Firm: Wells Fargo
- Ratings Accuracy: 86%
- Latest Rating: Maintained an Equal-Weight rating on Cisco Systems, Inc. (NASDAQ:CSCO) and raised the price target from $52 to $57 on May 16. This analyst sees over 18% upside in the stock.
- Recent News: Cisco, last week, reported better-than-expected third-quarter financial results.
Analyst: Matt Bryson
- Analyst Firm: Wedbush
- Ratings Accuracy: 85%
- Latest Rating: Reiterated an Outperform rating on NVIDIA Corporation (NASDAQ:NVDA) with a price target of $1,000 on May 16. This analyst sees about 8% gain in the stock.
- Recent News: NVIDIA, last week, announced plans to accelerate quantum computing efforts at national supercomputing centers around the world with the open-source NVIDIA CUDA-Q™ platform.
Analyst: William Power
- Analyst Firm: Baird
- Ratings Accuracy: 85%
- Latest Rating: Maintained an Outperform rating on Dynatrace, Inc. (NYSE:DT) and cut the price target from $65 to $62 on May 16. This analyst sees over 30% upside in the stock.
- Recent News: Dynatrace, last week, reported better-than-expected fourth-quarter financial results and approved a share buyback program of up to $500 million.
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