This Analyst With 88% Accuracy Rate Sees Around 93% Upside In Upland Software - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts
U.S. stocks settled higher on Friday, with the Dow Jones index surging 450 points following the release of jobs data.
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: Richard Davis
- Analyst Firm: Canaccord Genuity
- Ratings Accuracy: 88%
- Latest Rating: Maintained a Buy rating on Upland Software, Inc. (NASDAQ:UPLD) and cut the price target from $7 to $5 on May 3. This analyst sees around 93% upside in the stock.
- Recent News: On May 2, Upland Software reported better-than-expected first-quarter financial results.
Analyst: Zachary Fadem
- Analyst Firm: Wells Fargo
- Ratings Accuracy: 86%
- Latest Rating: Maintained an Equal-Weight rating on Carvana Co. (NYSE:CVNA) with a Buy rating and increased the price target from $60 to $77 on May 2. This analyst sees around 37% downside in the stock.
- Recent News: On May 1, Carvana reported upbeat sales for the first quarter.
Analyst: Jay McCanless
- Analyst Firm: Wedbush
- Ratings Accuracy: 86%
- Latest Rating: Maintained a Neutral rating on Zillow Group, Inc. (NASDAQ:Z) and cut the price target from $60 to $50 on May 2. This analyst sees over 23% upside in the stock.
- Recent News: On May 1, Zillow reported quarterly earnings of 36 cents per share which beat the analyst consensus estimate of 34 cents.
Analyst: Justin Post
- Analyst Firm: B of A Securities
- Ratings Accuracy: 86%
- Latest Rating: Maintained a Neutral rating on Booking Holdings Inc. (NASDAQ:BKNG) and boosted the price target from $3,900 to $3,950 on May 3. This analyst sees about 10% gain in the stock.
- Recent News: On May 2, Booking Holdings reported better-than-expected first-quarter financial results.
Analyst: William Stein
- Analyst Firm: Truist Securities
- Ratings Accuracy: 86%
- Latest Rating: Maintained a Buy rating on Belden Inc. (NYSE:BDC) and increased the price target from $98 to $101 on May 3. This analyst sees around 14% upside in the stock.
- Recent News: On May 2, Belden reported mixed first-quarter earnings and announced the acquisition of Precision Optical Technologies.
Read More: Jim Cramer Says ‘You’re In Good Hands’ With This ‘Very Good’ Regional Bank, Likes General Motors