The stock market is a dynamic landscape, and navigating its ups and downs can be a challenging task for investors. While Wall Street analysts provide valuable insights, it’s crucial to identify those with proven track records and a knack for predicting market movements. Benzinga’s Analyst Ratings API, a collection of high-quality ratings from major sell-side banks, empowers investors with data-driven insights.
Here, we highlight the top 5 Wall Street analysts with the highest accuracy rates, based on Benzinga’s Analyst Stock Ratings. Each analyst’s latest stock pick, along with the potential upside or downside, is presented. These insights can be valuable tools for traders and investors alike.
Analyst: Justin Post
*Analyst Firm:* B of A Securities
*Ratings Accuracy:* 86%
*Latest Rating:* Maintained a Buy rating on Meta Platforms, Inc. (META) and raised the price target from $563 to $630 on Sept. 26. This analyst sees more than 11% increase in the stock.
*Recent News:* Meta unveiled a sneak peek of its new Orion holographic glasses at its Connect event. The company also announced new product updates for the Meta Quest and Meta’s AI platform.
Analyst: William Stein
*Analyst Firm:* Truist Securities
*Ratings Accuracy:* 86%
*Latest Rating:* Downgraded rating on Microchip Technology Incorporated (MCHP) from Buy to Hold and cut the price target from $89 to $80 on Sept. 23. This analyst sees around 1% downside in the stock.
*Recent News:* On Aug. 20, Microchip Technology said it first detected potentially suspicious activity involving its information technology systems on Saturday and began taking steps to assess the potentially unauthorized activity.
Analyst: Alex Rygiel
*Analyst Firm:* B. Riley Securities
*Ratings Accuracy:* 86%
*Latest Rating:* Downgraded rating on Tecnoglass Inc. (TGLS) from Buy to Neutral but raised the price target from $60 to $69 on Sept. 23. This analyst sees around 0.1% upside in the stock.
*Recent News:* On Aug. 8, Tecnoglass reported better-than-expected second-quarter financial results and raised its FY24 guidance.
Analyst: Matthew Carletti
*Analyst Firm:* JMP Securities
*Ratings Accuracy:* 86%
*Latest Rating:* Reiterated a Market Outperform rating on HCI Group, Inc. (HCI) with a price target of $145 on Sept. 23. This analyst sees around 35% surge in the stock.
*Recent News:* On Aug. 8, HCI Group posted better-than-expected quarterly results.
Analyst: Sangita Jain
*Analyst Firm:* Keybanc
*Ratings Accuracy:* 85%
*Latest Rating:* Maintained an Overweight rating on Constellation Energy Corporation (CEG) and raised the price target from $230 to $265 on Sept. 23. This analyst sees around 3% upside in the stock.
*Recent News:* On Sept. 20, Constellation Energy announced it signed a 20-year power purchase agreement with Microsoft that will help launch the Crance Clean Energy Center and restart Three Mile Island Unit 1.
You can access the latest analyst ratings on the Analyst Stock Ratings page on Benzinga, where you can filter the extensive database by analyst accuracy, among other criteria. Stay informed and empowered with insights from these top analysts!
