5 Stocks In The Spotlight Last Week: Wall Street's Most Accurate Analysts Weigh In
U.S. stocks settled higher on Friday, with the Dow Jones index gaining more than 200 points during the session. The S&P 500 also surged to fresh highs, recording a weekly gain, following the release of the jobs data.
The S&P 500 gained 1% last week, while the Dow and Nasdaq surged 2.3% and 1.9%, respectively.
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: Michael Ciarmoli
- Analyst Firm: Truist Securities
- Ratings Accuracy: 87%
- Latest Rating: Downgraded rating on Northrop Grumman Corp (NYSE:NOC) from Buy to Hold and cut the price target from $688 to $623 on Jan. 9. This analyst sees around 1% upside in the stock.
- Recent News: Northrop Grumman said it will release its fourth quarter financial results before the opening bell on Tuesday, Jan. 27.
Analyst: Leo Mariani
- Analyst Firm: Roth Capital
- Ratings Accuracy: 87%
- Latest Rating: Initiated coverage on BKV Corp (NYSE:BKV) with a Buy rating and a price target of $31 on Jan. 7. This analyst sees around 21% upside in the stock.
- Recent News: On Dec. 18, BKV announced a $100 million stock buyback plan.
Analyst: Lloyd Walmsley
- Analyst Firm: Mizuho
- Ratings Accuracy: 84%
- Latest Rating: Maintained an Outperform rating on Alphabet Inc (NASDAQ:GOOGL) and increased the price target from $325 to $365 on Jan. 9. This analyst expects around 11% gain in the stock.
- Recent News: On Jan. 8, Alphabet's CEO Sundar Pichai said Google is ushering Gmail into a new “Gemini era,” using artificial intelligence to help users manage overflowing inboxes more efficiently.
Analyst: John Todaro
- Analyst Firm: Needham
- Ratings Accuracy: 84%
- Latest Rating: Maintained a Buy rating on Applied Digital Corp (NASDAQ:APLD) with a price target of $41 on Jan. 8. This analyst expects around 9% gain in the stock.
- Recent News: On Jan. 7, Applied Digital reported second-quarter adjusted earnings and revenue above estimates.
Analyst: Harsh Kumar
- Analyst Firm: Piper Sandler
- Ratings Accuracy: 84%
- Latest Rating: Maintained an Overweight rating on ON Semiconductor Corp (NASDAQ:ON) and increased the price target from $60 to $65 on Jan. 7. This analyst expects around 5% jump in the stock.
- Recent News: On Dec. 11, onsemi and FORVIA HELLA extended strategic collaboration with next-generation power technology.
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