The stock market can be a complex and volatile environment, making it challenging for investors to navigate. Analyst ratings and price targets can vary significantly, leaving investors uncertain about which expert to trust. Benzinga’s Analyst Ratings API provides a curated collection of high-quality stock ratings from leading sell-side banks, offering valuable insights into market movements.
Data specialists at Toggle.ai have revealed that the analyst insights available to Benzinga Pro subscribers and readers can serve as effective trading indicators. To assist investors, we’ve compiled a list of the five most accurate Wall Street analysts based on Benzinga’s Analyst Stock Ratings, along with their latest stock picks.
Zachary Fadem (Wells Fargo, 89% Accuracy)
Fadem maintained an Overweight rating on O’Reilly Automotive, Inc. (ORLY) and increased the price target from $1,200 to $1,250 on August 22nd. This indicates an anticipated 12% upside potential for the stock. It’s worth noting that O’Reilly Automotive reported weaker-than-expected second-quarter financial results and issued FY24 guidance below estimates on July 24th.
William Stein (Truist Securities, 89% Accuracy)
Stein maintained a Buy rating on Analog Devices, Inc. (ADI) while reducing the price target from $275 to $266 on August 22nd. This analyst predicts a 16% upside potential. However, it’s important to consider that Analog Devices posted better-than-expected third-quarter financial results on August 21st.
Justin Post (B of A Securities, 87% Accuracy)
Post maintained a Buy rating on Uber Technologies, Inc. (UBER) with a price target of $88 on August 23rd. The analyst expects an 18% upside for the stock. Recent news includes a multiyear strategic partnership announced on August 22nd to integrate Cruise autonomous vehicles into the Uber platform.
Trevor Walsh (JMP Securities, 87% Accuracy)
Walsh reiterated a Market Outperform rating on Palo Alto Networks, Inc. (PANW) with a price target of $380 on August 20th, suggesting an 8% gain for the stock. Palo Alto Networks reported better-than-expected fourth-quarter financial results, issued strong guidance, and authorized an additional $500 million for stock repurchases on August 19th.
Hans Mesesmann (Rosenblatt, 86% Accuracy)
Mesesmann maintained a Buy rating on NVIDIA Corporation (NVDA) with a price target of $200 on August 22nd, indicating a significant 55% upside potential. Nvidia is scheduled to announce its latest quarterly results on Wednesday, August 28th.
By exploring these expert insights, investors can gain valuable perspectives and potentially enhance their investment strategies. Remember to conduct thorough research and consider multiple factors before making any investment decisions.
