The U.S. stock market closed higher on Friday, with the S&P 500 and Dow Jones Index reaching new highs during the session. This marked the fifth consecutive week of gains for major U.S. averages, with the S&P 500 and Nasdaq rising 1.1% each, while the Dow gained 1.2% last week. While Wall Street analysts provide insights and recommendations on a daily basis, it’s crucial to note that their track records in predicting market movements vary widely. The challenge for investors is to decipher which analyst’s opinion holds the most weight.
Benzinga’s Analyst Ratings API offers a solution by aggregating high-quality stock ratings curated through partnerships with major sell-side banks. Benzinga displays overnight ratings changes three hours before the U.S. equity market opens, providing valuable information for investors. Data specialists at investment dashboard provider Toggle.ai have discovered that the insights provided by Benzinga Pro subscribers and Benzinga readers can be effectively used as trading indicators to outperform the market.
To access the latest analyst ratings, Benzinga readers can visit the Analyst Stock Ratings page. One of the useful features on the page is the ability to sort analysts based on their accuracy. Here’s a look at the latest stock picks from five of the most accurate Wall Street analysts, according to Benzinga Analyst Stock Ratings:
Analyst:
Zachary Fadem
Analyst Firm:
Wells Fargo
Ratings Accuracy:
87%
Latest Rating:
Maintained an Equal-Weight rating on Darden Restaurants, Inc. (DPZ) and cut the price target from $450 to $420 on Oct. 11. This analyst predicts a potential 2% downside in the stock.
Recent News:
On Oct. 10, Darden Restaurants reported sales growth of 5.1% year-over-year to $1.08 billion, falling short of the analyst consensus estimate of $1.10 billion.
Analyst:
Andrew Kaplowitz
Analyst Firm:
Citigroup
Ratings Accuracy:
86%
Latest Rating:
Maintained a Buy rating on GE Aerospace (GE) and raised the price target from $198 to $216 on Oct. 10. This analyst sees around 13% upside potential in the stock.
Recent News:
On Sept. 23, GE Aerospace launched AI Wingmate, designed to support its 52,000 employees in enhancing quality and innovation in flight.
Analyst:
Justin Post
Analyst Firm:
B of A Securities
Ratings Accuracy:
86%
Latest Rating:
Maintained a Neutral rating on Airbnb, Inc. (ABNB) and raised the price target from $132 to $142 on Oct. 11. This analyst forecasts a potential 6% upside in the stock.
Recent News:
On Aug. 6, Airbnb reported second-quarter EPS results that fell below expectations and issued third-quarter revenue guidance that was also lower than anticipated.
Analyst:
Brent Thielman
Analyst Firm:
DA Davidson
Ratings Accuracy:
85%
Latest Rating:
Maintained a Neutral rating on Apogee Enterprises, Inc. (APOG) and raised the price target from $65 to $75 on Oct. 8. This analyst anticipates a potential decline of over 4% in the stock.
Recent News:
On Oct. 4, Apogee Enterprises reported better-than-expected second-quarter financial results and raised its FY25 adjusted EPS guidance above estimates.
Analyst:
Harsh Kumar
Analyst Firm:
Piper Sandler
Ratings Accuracy:
85%
Latest Rating:
Maintained an Overweight rating on Advanced Micro Devices, Inc. (AMD) and boosted the price target from $175 to $200 on Oct. 11. This analyst sees a potential upside of around 20% in the stock.
Recent News:
Last week, AMD launched several new high-performance computing solutions, including fifth Gen AMD EPYC server CPUs, AMD Instinct MI325X accelerators, AMD Pensando Salina DPUs, AMD Pensando Pollara 400 NICs, and AMD Ryzen AI PRO 300 series processors for enterprise AI PCs.
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