This Analyst With 86% Accuracy Rate Sees Over 13% Upside In Alphabet - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts
U.S. stocks settled mixed on Friday, with the Nasdaq Composite recording a fifth straight record close.
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: 88%
- Latest Rating: Reiterated a Buy rating on Belden Inc. (NYSE:BDC) and raised the price target from $101 to $119 on June 14. This analysts sees around 26% upside in the stock.
- Recent News: On May 23, Belden declared a quarterly dividend to holders of common stock of 5 cents per share.
Analyst: Matt Bryson
- Analyst Firm: Wedbush
- Ratings Accuracy: 88%
- Latest Rating: Reiterated a Neutral rating on NetApp, Inc. (NASDAQ:NTAP) with a price target of $120 on June 12. This analyst sees around 5% downside in the stock.
- Recent News: On May 30, NetApp posted better-than-expected fourth-quarter financial results.
Analyst: Hans Mosesmann
- Analyst Firm: Rosenblatt
- Ratings Accuracy: 87%
- Latest Rating: Maintained a Buy rating on Broadcom Inc. (NASDAQ:AVGO) and raised the price target from $1,500 to $1,650 on June 13. This analyst sees over 5% downside in the stock.
- Recent News: On June 12, Broadcom posted stronger-than-expected results for its second quarter. The company declared a quarterly dividend of $5.25 per share and also announced a 10-for-1 forward stock split.
Analyst: Zachary Fadem
- Analyst Firm: Wells Fargo
- Ratings Accuracy: 86%
- Latest Rating: Maintained an Overweight rating on RH (NYSE:RH) and cut the price target from $360 to $350 on June 14. This analyst sees about 53% gain in the stock.
- Recent News: On June 13, RH reported mixed first-quarter financial results.
Analyst: Justin Post
- Analyst Firm: B of A Securities
- Ratings Accuracy: 86%
- Latest Rating: Reiterated a Buy rating on Alphabet Inc. (NASDAQ:GOOGL) with a price target of $200 on June 11. This analyst sees over 13% upside in the stock.
- Recent News: On June 13, Alphabet inked an agreement with Berkshire Hathaway electric utility NV Energy to supply its data centers with advanced geothermal electricity.
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