Benzinga - by Lisa Levin, Benzinga Editor.
U.S. stocks closed lower, with the Dow Jones Industrial Average falling more than 100 points on Friday. The blue-chip Dow fell 1.9% last week, while the S&P 500 lost 2.9%.
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: Leo Mariani
- Analyst Firm: Roth MKM
- Ratings Accuracy: 90%
- Latest Rating: Reiterated a Buy rating on California Resources Corporation (NYSE: CRC) with a price target of $56 on Sept. 21, 2023. This analyst sees over 1% upside in the stock.
- Recent News: California Resources posted weaker-than-expected second-quarter results.
- Analyst Firm: Raymond James
- Ratings Accuracy: 85%
- Latest Rating: Initiated coverage on Ralph Lauren Corporation (NYSE: RL) with an Outperform rating and a price target of $135 on Sept. 22, 2023. This analyst sees around 20% upside in the stock.
- Recent News: Ralph Lauren reported better-than-expected second-quarter EPS of $2.34 (versus $1.88 last year), topping the consensus estimate.
- Analyst Firm: Guggenheim
- Ratings Accuracy: 83%
- Latest Rating: Maintained a Buy rating Sunrun Inc. (NASDAQ: RUN) and increased the price target from $35 to $36 on Sept. 21, 2023. This analyst sees around 179% upside in the stock.
- Recent News: Sunrun reported mixed second-quarter results, where revenue missed the estimates while earnings beat the same.
- Analyst Firm: Piper Sandler
- Ratings Accuracy: 83%
- Latest Rating: Maintained an Overweight rating on CrowdStrike Holdings, Inc. (NASDAQ: CRWD) and boosted the price target from $180 to $210 on Sept. 21, 2023. This analyst sees around 29% upside in the stock.
- Recent News: CrowdStrike announced the launch of cybersecurity's first zero-code application development platform.
- Analyst Firm: Wedbush
- Ratings Accuracy: 83%
- Latest Rating: Maintained an Outperform rating on KB Home (NYSE: KBH) and lowered the price target from $64 to $55 on Sept. 21, 2023. This analyst sees around 19% upside in the stock.
- Recent News: KB Home reported a third-quarter FY23 sales decline of 13.9% year-on-year to $1.59 billion, beating the analyst consensus of $1.48 billion.
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