Benzinga - U.S stocks closed slightly higher on Friday, but recorded losses for the 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: Leo Mariani
- Analyst Firm: Roth MKM
- Ratings Accuracy: 90%
- Latest Rating: Maintained a Buy rating on Calix, Inc. (NYSE: CALX) and cut raised the price target from $74 to $73 on April 21, 2023. Mariani sees around 52% upside in the company’s stock.
- Recent News: Calix reported better-than-expected Q1 results and issued strong guidance.
Analyst: Zachary Fadem
- Analyst Firm: Wells Fargo
- Ratings Accuracy: 87%
- Latest Rating: Maintained an Equal-Weight rating on McDonald's Corporation (NYSE: MCD) and boosted the price target from $280 to $295 on April 21, 2023. This analyst sees around 1% upside in the stock.
- Recent News: Private equity company Carlyle Group reportedly intends to find new investors for its investment in McDonald's Chinese operations.
Analyst: Rick Patel
- Analyst Firm: Raymond James
- Ratings Accuracy: 85%
- Latest Rating: Upgraded Capri Holdings Limited (NYSE: CPRI) from Outperform to Strong Buy with a price target of $60 on April 20, 2023. This analyst expects around 32% surge in the company’s stock.
- Recent News: Capri Holdings reported a third-quarter FY23 sales decline of 6% year-on-year to $1.51 billion.
Analyst: Patrick Brown
- Analyst Firm: Raymond James
- Ratings Accuracy: 84%
- Latest Rating: Maintained an Outperform rating on CSX Corporation (NASDAQ: CSX) and raised the price target from $34 to $35 on April 21, 2023. Brown sees the stock gaining around 10%.
- Recent News: CSX reported better-than-expected Q1 EPS and sales results.
Analyst: Rohit Kulkarni
- Analyst Firm: Roth MKM
- Ratings Accuracy: 84%
- Latest Rating: Initiated coverage on DoorDash, Inc. (NYSE: DASH) with a Neutral rating and a price target of $72 on April 21, 2023, with a price target of $105. This analyst sees more than 17% growth in the stock.
- Recent News: DoorDash reported better-than-expected Q4 revenues and announced a $750 million buyback program.
Read More: Coca-Cola, First Republic Bank And 3 Stocks To Watch Heading Into Monday
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