5 Stock Picks Last Week From Wall Street's Most Accurate Analysts
U.S. stocks settled lower on Friday, with the Dow Jones index falling more than 450 points during the session.
Stocks also recorded losses last week, with the S&P 500 losing 2% and the 30-stock Dow dropping 3%. The tech-heavy Nasdaq also declined 1.2% during 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: Ruben Roy
- Analyst Firm: Stifel
- Ratings Accuracy: 89%
- Latest Rating: Maintained a Buy rating on Ciena Corp (NYSE:CIEN) and increased the price target from $280 to $320 on March 6. This analyst sees around 89% upside in the stock.
- Recent News: On March 5, Ciena posted upbeat quarterly earnings.
Analyst: Michael Ciarmoli
- Analyst Firm: Truist Securities
- Ratings Accuracy: 88%
- Latest Rating: Maintained a Buy rating on AAR Corp (NYSE:AIR) and raised the price target from $107 to $128 on March 6. This analyst sees around 19% upside in the stock.
- Recent News: On Feb. 11, AAR named Dylan Wolin as chief financial officer.
Analyst: Brian Brophy
- Analyst Firm: Stifel
- Ratings Accuracy: 87%
- Latest Rating: Maintained a Buy rating on Emcor Group Inc (NYSE:EME) and raised the price target from $754 to $814 on March 3. This analyst sees around 16% jump in the stock.
- Recent News: On Feb. 26, EMCOR Group posted better-than-expected quarterly earnings.
Analyst: Peter Arment
- Analyst Firm: Baird
- Ratings Accuracy: 86%
- Latest Rating: Initiated coverage on Nlight Inc (NASDAQ:LASR) with an Outperform rating and a price target of $95 on March 4. This analyst expects around 66% gain in the stock.
- Recent News: On Feb. 26, nLight posted upbeat fourth-quarter earnings.
Analyst: Mike Genovese
- Analyst Firm: Rosenblatt
- Ratings Accuracy: 85%
- Latest Rating: Maintained a Buy rating on Ciena Corp (NYSE:CIEN) and boosted the price target from $305 to $350 on March 6. This analyst expects around 20% rise in the stock.
- Recent News: On March 5, Ciena posted better-than-expected first-quarter earnings.
Photo via Shutterstock