5 Stock Picks Last Week From Wall Street's Most Accurate Analysts
U.S. stocks settled lower on Friday, with the Dow Jones index falling more than 100 during the session.
U.S. major indices also closed lower last week, with the S&P 500 falling about 0.5% and the Nasdaq down around 0.3%. The Dow also declined almost 0.2% in the 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: Doug Anmuth
- Analyst Firm: JP Morgan
- Ratings Accuracy: 86%
- Latest Rating: Maintained a Neutral rating on Pinterest, Inc. (NYSE:PINS) and raised the price target from $30 to $35 on May 9. This analyst sees around 15% upside in the stock.
- Recent News: On May 8, Pinterest reported better-than-expected first-quarter sales results and issued second-quarter sales guidance with its midpoint above estimates.
Analyst: Jay McCanless
- Analyst Firm: Wedbush
- Ratings Accuracy: 86%
- Latest Rating: Maintained a Neutral rating on Rocket Companies, Inc. (NYSE:RKT) and cut the price target from $13 to $12 on May 9. This analyst sees around 4% surge in the stock.
- Recent News: On May 8, Rocket Companies posted in-line earnings for the first quarter.
Analyst: Lloyd Walmsley
- Analyst Firm: UBS
- Ratings Accuracy: 86%
- Latest Rating: Maintained a Buy rating on Uber Technologies, Inc. (NYSE:UBER) and increased the price target from $103 to $107 on May 8. This analyst sees around 24% upside in the stock.
- Recent News: On May 7, Uber Technologies reported worse-than-expected first-quarter sales results.
Analyst: Alexander Paris
- Analyst Firm: Barrington Research
- Ratings Accuracy: 85%
- Latest Rating: Maintained an Outperform rating on Universal Technical Institute, Inc. (NYSE:UTI) and raised the price target from $35 to $36 on May 8. This analyst sees around 10% upside in the stock.
- Recent News: On May 7, Universal Technical Institute reported better-than-expected second-quarter financial results and raised its FY25 sales guidance above estimates.
Analyst: Josh Sullivan
- Analyst Firm: Benchmark
- Ratings Accuracy: 85%
- Latest Rating: Maintained a Buy rating on Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) and boosted the price target from $38 to $40 on May 8. This analyst sees around 16% upside in the stock.
- Recent News: On May 7, Kratos Defense & Security posted upbeat quarterly earnings.
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