This Analyst With 91% Accuracy Rate Sees Over 57% Upside In Nvidia - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts
U.S. stocks closed mixed on Friday, with the S&P 500 edging lower during the session. The S&P 500 hit an intraday record level of 5,505.53 earlier last week, and recorded a weekly gain of 0.6%. The Dow Jones index, meanwhile, gained 1.45% to record its strongest weekly performance since May.
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: Mike Colonnese
- Analyst Firm: HC Wainwright & Co.
- Ratings Accuracy: 93%
- Latest Rating: Reiterated a Buy rating on Coinbase Global, Inc. (NASDAQ:COIN) with a price target of $315 on June 18. This analyst sees around 40% increase in the stock.
- Recent News: On June 5, Coinbase announced the launch of its highly anticipated smart wallets, aiming to revolutionize the user experience for crypto newcomers.
Analyst: Patrick Scholes
- Analyst Firm: Truist Securities
- Ratings Accuracy: 93%
- Latest Rating: Initiated coverage on Viking Holdings Ltd (NYSE:VIK) with a Hold rating and a price target of $38 on June 21. This analyst sees around 23% upside in the stock.
- Recent News: On May 29, Viking Holdings reported quarterly losses of $1.21 per share.
Analyst: Cody Acree
- Analyst Firm: Benchmark
- Ratings Accuracy: 93%
- Latest Rating: Maintained a Buy rating on Texas Instruments Incorporated (NASDAQ:TXN) and boosted the price target from $210 to $230 on June 21. This analyst sees around 18% upside in the stock.
- Recent News: On June 21, Texas Instruments and Delta Electronics disclosed collaboration to advance electric vehicle onboard charging.
Analyst: Brian Harbour
- Analyst Firm: Morgan Stanley
- Ratings Accuracy: 92%
- Latest Rating: Maintained an Overweight rating on Darden Restaurants, Inc. (NYSE:DRI) with a price target of $175 on June 21. This analyst sees around 14% surge in the stock.
- Recent News: On June 20, Darden Restaurants reported better-than-expected fourth-quarter adjusted earnings results and increased its quarterly dividend.
Analyst: Hans Mosesmann
- Analyst Firm: Rosenblatt
- Ratings Accuracy: 91%
- Latest Rating: Maintained a Buy rating on NVIDIA Corporation (NASDAQ:NVDA) and boosted the price target from $140 to $200 on June 18. This analyst sees over 57% upside in the stock.
- Recent News: At HPE Discover 2024, Hewlett Packard Enterprise Co (NYSE:HPE) and Nvidia unveiled a powerful collaboration aimed at revolutionizing the enterprise AI landscape.
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