Benzinga - by Avi Kapoor, Benzinga Staff Writer.
U.S. stocks settled higher on Friday, with the S&P 500 recording its best week since Nov, 2023. The index surged 2.7%, snapping a three-week losing streak, while the Dow added 0.7% last week.
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: Jay McCanless
- Analyst Firm: Wedbush
- Ratings Accuracy: 87%
- Latest Rating: Maintained an Outperform rating on Mr. Cooper Group Inc. (NASDAQ:COOP) and increased the price target from $85 to $100 on April 25. This analyst sees around 27% upside in the stock.
- Recent News: On April 24, Mr. Cooper reported better-than-expected first-quarter financial results.
- Analyst Firm: Stifel
- Ratings Accuracy: 87%
- Latest Rating: Maintained a Hold rating on Snap Inc. (NYSE:SNAP) with a Buy rating and increased the price target from $12 to $13 on April 26. This analyst sees around 10% downside in the stock.
- Recent News: On April 25, Snap reported better-than-expected first-quarter financial results and issued second-quarter revenue guidance above estimates.
- Analyst Firm: Truist Securities
- Ratings Accuracy: 86%
- Latest Rating: Maintained a Hold rating on Intel Corporation (NASDAQ:INTC) and cut the price target from $45 to $33 on April 26. This analyst sees over 4% upside in the stock.
- Recent News: On April 25, Intel reported worse-than-expected first-quarter sales results and issued EPS guidance below estimates.
- Analyst Firm: Wells Fargo
- Ratings Accuracy: 86%
- Latest Rating: Maintained an Overweight rating on O’Reilly Automotive, Inc. (NASDAQ:ORLY) and cut the price target from $1,300 to $1,200 on April 25. This analyst sees about 15% gain in the stock.
- Recent News: On April 24, O’Reilly Automotive posted upbeat quarterly earnings.
- Analyst Firm: Deutsche Bank
- Ratings Accuracy: 86%
- Latest Rating: Maintained a Buy rating on Chipotle Mexican Grill, Inc. (NYSE:CMG) and increased the price target from $3,400 to $3,600 on April 25. This analyst sees around 13% upside in the stock.
- Recent News: On April 24, Chipotle Mexican Grill reported better-than-expected first-quarter financial results.
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