This Analyst With 86% Accuracy Rate Sees More Than 62% Upside In Riot Platforms - Here Are 5 Stock Picks For March From Wall Street's Most Accurate Analysts
U.S. stocks closed mixed on Thursday, but recorded gains last month. For March, the S&P 500 gained 3.1%, while the Dow added 2.1%.
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: 89%
- Latest Rating: Maintained a Buy rating on LanzaTech Global, Inc. (NASDAQ:LNZA) with a price target of $6 on March 25, 2024. This analyst sees around 94% upside in the stock.
- Recent News: On Feb. 28, LanzaTech Global posted weaker-than-expected quarterly sales.
Analyst: Keith Hughes
- Analyst Firm: Truist Securities
- Ratings Accuracy: 88%
- Latest Rating: Maintained a Hold rating on Leggett & Platt, Incorporated (NYSE:LEG) and slashed the price target from $18 to $16 on March 26, 2024. This analyst sees around 16% downside in the stock.
- Recent News: On Feb. 8, Leggett & Platt reported worse-than-expected fourth-quarter financial results and issued FY24 adjusted EPS and revenue guidance below estimates.
Analyst: Zachary Fadem
- Analyst Firm: Wells Fargo
- Ratings Accuracy: 88%
- Latest Rating: Maintained an Overweight rating on RH (NYSE:RH) and increased the price target from $350 to $360 on March 28, 2024. This analyst sees over 3% upside in the stock.
- Recent News: On March 27, RH reported fourth-quarter results, where revenues of $738.26 million missed the consensus estimate of $777.48 million.
Analyst: Philip Gibbs
- Analyst Firm: Keybanc
- Ratings Accuracy: 86%
- Latest Rating: Maintained an Overweight rating on Worthington Steel, Inc. (NYSE:WS) and boosted the price target from $31 to $39 on March 26, 2024. This analyst sees about 9% gains in the stock.
- Recent News: On March 21, Worthington Steel reported upbeat third-quarter financial results.
Analyst: Josh Siegler
- Analyst Firm: Cantor Fitzgerald
- Ratings Accuracy: 86%
- Latest Rating: Reiterated an Overweight rating on Riot Platforms, Inc. (NASDAQ:RIOT) with a price target of $20 on March 28, 2024. This analyst sees more than 62% upside in the stock.
- Recent News: On Feb. 22, Riot Platforms posted weaker-than-expected FY23 revenue.
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