5 Stock Picks Last Week From Wall Street's Most Accurate Analysts
U.S. stocks settled higher on Friday, with the Dow Jones index gaining more than 500 points during the session as Treasury yields stopped climbing.
However, all major indices recorded losses last week, with the S&P 500 falling 1.4% and the Nasdaq losing 2% in the period. Both indices ended three-week winning streaks. The Dow also recorded a weekly loss of 0.9%, recording back-to-back weekly losses.
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: Atif Malik
- Analyst Firm: Citigroup
- Ratings Accuracy: 86%
- Latest Rating: Maintained a Buy rating on Marvell Technology Inc (NASDAQ:MRVL) and boosted the price target from $225 to $275 on Aug. 21. This analyst sees around 16% upside in the stock.
- Recent News: On Aug. 19, Marvell announced a sweeping custom chip agreement with Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) that could sharply expand its role in Google’s artificial intelligence infrastructure.
Analyst: Sergey Glinyanov
- Analyst Firm: Freedom Broker
- Ratings Accuracy: 85%
- Latest Rating: Upgraded rating on Taylor Devices Inc (NASDAQ:TAYD) from Hold to Buy and raised the price target from $67 to $70 on Aug. 21. This analyst sees around 25% upside in the stock.
- Recent News: On Aug. 18, Taylor Devices reported worse-than-expected fourth-quarter results.
Analyst: Kyle Menges
- Analyst Firm: Citigroup
- Ratings Accuracy: 82%
- Latest Rating: Maintained a Neutral rating on Deere & Co (NYSE:DE) and increased the price target from $610 to $650 on Aug. 21. This analyst expects around 0.4% gain in the stock.
- Recent News: On Aug. 20, Deere reported better-than-expected quarterly financial results.
Analyst: David Karnovsky
- Analyst Firm: JP Morgan
- Ratings Accuracy: 80%
- Latest Rating: Maintained an Overweight rating on News Corp (NASDAQ:NWSA) and increased the price target from $36 to $38 on Aug. 21. This analyst expects around 25% surge in the stock.
- Recent News: On Aug. 5, News Corp reported better-than-expected earnings for the fourth quarter.
Analyst: Hamed Khorsand
- Analyst Firm: BWS Financial
- Ratings Accuracy: 80%
- Latest Rating: Maintained a Buy rating on John B Sanfilippo & Son Inc (NASDAQ:JBSS) with a price target of $109 on Aug. 21. This analyst sees around 48% gain in the stock.
- Recent News: On Aug. 19, John B. Sanfilippo & Son reported worse-than-expected fourth-quarter EPS results.
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