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 500 points during the session as higher oil prices and a bond-market rout reignited fears of interest-rate hikes.
The Dow Jones closed lower by around 537 points to 49,526.17 on Friday. The S&P 500 fell 1.24% to 7,408.50, while the Nasdaq Composite dipped 1.54% at 26,225.14 during Friday's session.
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: Matthew Prisco
- Analyst Firm: Cantor Fitzgerald
- Ratings Accuracy: 91%
- Latest Rating: Maintained a Neutral rating on Texas Instruments Inc (NASDAQ:TXN) and raised the price target from $280 to $300 on May 13. This analyst sees around 1% downside in the stock.
- Recent News: On April 22, Texas Instruments reported better-than-expected first-quarter financial results and issued second-quarter guidance above estimates.
Analyst: Asiya Merchant
- Analyst Firm: Citigroup
- Ratings Accuracy: 91%
- Latest Rating: Maintained a Buy rating on Hewlett Packard Enterprise Co (NYSE:HPE) and raised the price target from $27 to $39 on May 14. This analyst sees around 18% upside in the stock.
- Recent News: Elliott Investment Management Trust raised stake in Hewlett Packard Enterprise to 27,421,735 shares.
Analyst: Matt Bryson
Analyst Firm: Wedbush
- Ratings Accuracy: 90%
- Latest Rating: Maintained a Neutral rating on Tower Semiconductor Ltd (NASDAQ:TSEM) and raised the price target from $140 to $300 on May 14. This analyst sees around 11% jump in the stock.
- Recent News: On May 13, Tower Semiconductor reported stronger-than-expected first-quarter results and issued upbeat second-quarter guidance.
Analyst: Timothy Arcuri
- Analyst Firm: UBS
- Ratings Accuracy: 89%
- Latest Rating: Maintained a Buy rating on NVIDIA Corp (NASDAQ:NVDA) and boosted the price target from $245 to $275 on May 14. This analyst expects around 22% growth in the stock.
- Recent News: Nvidia said it will release quarterly earnings after market hours on Tuesday.
Analyst: Aaron Rakers
- Analyst Firm: Wells Fargo
- Ratings Accuracy: 89%
- Latest Rating: Maintained an Overweight rating on Broadcom Inc (NASDAQ:AVGO) and raised the price target from $430 to $545 on May 14. This analyst expects around 29% surge in the stock.
- Recent News: Tiger Global Management increased stake in Broadcom from 2,867,000 to 3,584,814 shares.
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