Benzinga - 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: Nicholas Cucharale
- Analyst Firm: Piper Sandler
- Ratings Accuracy: 88%
- Latest Rating: Upgraded rating on Sterling Bancorp, Inc. (NASDAQ: SBT) from Neutral to Overweight on March 17, 2023, and cut the price target from $6.75 to $6. Cucharale sees around 2% upside in the company’s stock.
- Recent News: Sterling Bancorp posted downbeat quarterly sales results.
Analyst: Zachary Fadem
- Analyst Firm: Wells Fargo
- Ratings Accuracy: 87%
- Latest Rating: Maintained an Overweight rating on Petco Health and Wellness Company, Inc. (NASDAQ: WOOF) on March 15, 2023 and cut the price target from $14 to $12. This analyst sees over 22% upside in the stock.
- Recent News: Petco Health And Wellness Company, during November, reported third-quarter FY22 sales growth of 4% year-on-year to $1.50 billion, beating the consensus of $1.49 billion..
Analyst: Eric Ross
- Analyst Firm: JMP Securities
- Ratings Accuracy: 86%
- Latest Rating: Reiterated a Market Outperform rating for Vacasa, Inc. (NASDAQ: VCSA) with a price target of $3 on March 14, 2023. This analyst expects more than 240% surge in the company’s stock.
- Recent News: Vacasa reported fourth-quarter EPS of 34 cents which beat the analyst consensus estimate of a loss of 38 cents.
Analyst: Rick Patel
- Analyst Firm: Raymond James
- Ratings Accuracy: 84%
- Latest Rating: Maintained an Outperform rating on Brilliant Earth Group, Inc. (NASDAQ: BRLT) on March 16, 2023 and slashed the price target from $9 to $7. Patel sees the stock gaining around 82%.
- Recent News: Brilliant Earth Group reported mixed quarterly results
Analyst: Quinn Bolton
- Analyst Firm: Needham
- Ratings Accuracy: 84%
- Latest Rating: Maintained a Buy rating on Allegro MicroSystems, Inc. (NASDAQ: ALGM) on March 15, 2023, and raised the price target from $42 to $50. This analyst sees around 7% gain in the stock.
- Recent News: Allegro MicroSystems reported better-than-expected Q3 adjusted EPS and sales results and issued Q4 EPS and sales guidance above analyst estimates.
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