Top Wall Street Analysts’ Stock Picks: Who to Follow for Market Insights?

## Top Wall Street Analysts’ Stock Picks: Who to Follow for Market Insights?

The stock market can be a complex and unpredictable beast. While analysts are constantly making new stock picks, their accuracy in predicting market movements can vary widely. This often leaves investors wondering which analyst’s opinion to trust.

Enter Benzinga, a platform that provides access to a curated collection of high-quality stock ratings. Their Analyst Ratings API offers insights from major sell-side banks, delivered to Benzinga Pro subscribers and readers. Data specialists at Toggle.ai have even confirmed that these insights can be used as effective trading indicators to potentially outperform the market.

Seeking the Most Accurate Advice:

Navigating the vast database of analyst ratings can be overwhelming, but Benzinga makes it easier by ranking analysts based on their accuracy. Let’s take a look at the latest stock picks from the top five most accurate Wall Street analysts:

1. Trevor Walsh (JMP Securities – 87% Accuracy):

Walsh maintained a

Market Outperform

rating on

Tyler Technologies (TYL)

, raising the price target from $580 to $700 on October 25th. This indicates a potential upside of around 16% for the stock. Tyler Technologies recently reported better-than-expected third-quarter adjusted EPS results and raised its FY24 adjusted EPS guidance.

2. William Stein (Truist Securities – 86% Accuracy):

Stein kept a

Hold

rating on

Tesla (TSLA)

, increasing the price target from $236 to $238 on October 24th. This suggests a potential downside of around 11%. Tesla has recently been in the news for offering a Cybertruck accessory that its employees are not legally allowed to install.

3. Justin Post (B of A Securities – 86% Accuracy):

Post maintained a

Buy

rating on

Uber Technologies (UBER)

, raising the price target from $88 to $96 on October 23rd. This suggests a potential upside of around 24%. Uber is actively working towards transforming into a zero-emission platform, with initiatives like introducing an AI assistant on the driver app to help with EV-related queries.

4. Brent Thielman (DA Davidson – 85% Accuracy):

Thielman maintained a

Buy

rating on

KBR (KBR)

, increasing the price target from $78 to $84 on October 25th. This indicates a potential surge of around 26%. KBR recently posted downbeat sales for the third quarter.

5. Andrew Kaplowitz (Citigroup – 85% Accuracy):

Kaplowitz maintained a

Buy

rating on

Honeywell International (HON)

, but cut the price target from $248 to $244 on October 25th. This still suggests a potential upside of around 17%. Honeywell International recently filed for an offering of 2 million shares of common stock by selling stockholders.

Gaining a Competitive Edge:

By accessing Benzinga’s Analyst Stock Ratings page, you can easily find the latest insights from top analysts and gain a competitive edge in your investment decisions.