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This Analyst With 87% Accuracy Rate Sees Over 24% Upside In Nvidia - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts
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This Analyst With 87% Accuracy Rate Sees Over 24% Upside In Nvidia - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts
Sep 2, 2024 2:01 PM

U.S. stocks settled higher on Friday, with the Dow Jones index notching a new record high during the session.

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: 88%

Latest Rating: Upgraded rating on Coterra Energy Inc. ( CTRA ) from Hold to Buy and raised the price target from $25 to $29 on Aug. 27. This analyst sees around 19% upside in the stock.

Recent News: On Aug. 1, Coterra Energy ( CTRA ) reported worse-than-expected second-quarter financial results.

Analyst: Richard Davis

Analyst Firm: Canaccord Genuity

Ratings Accuracy: 88%

Latest Rating: Maintained a Hold rating on Okta, Inc. ( OKTA ) and slashed the price target from $95 to $90 on Aug. 29. This analyst sees around 14% upside in the stock.

Recent News: On Aug. 28, Okta ( OKTA ) reported quarterly earnings of 72 cents per share, which beat the analyst consensus estimate of 61 cents per share.

Analyst: Zachary Fadem

Analyst Firm: Wells Fargo

Ratings Accuracy: 87%

Latest Rating: Maintained an Equal-Weight rating on Best Buy Co., Inc. ( BBY ) and increased the price target from $80 to $95 on Aug. 30. This analyst sees around 5% downside in the stock.

Recent News: On Aug. 29, Best Buy ( BBY ) reported better-than-expected second-quarter financial results raised its FY25 earnings guidance.

Analyst: William Stein

Analyst Firm: Truist Securities

Ratings Accuracy: 87%

Latest Rating: Maintained a Buy rating on NVIDIA Corporation ( NVDA ) and increased the price target from $145 to $148 on Aug. 29. This analyst sees about 24% gain in the stock.

Recent News: On Aug. 28, Nvidia ( NVDA ) reported better-than-expected earnings and sales results for its second quarter.

Analyst: Trevor Walsh

Analyst Firm: JMP Securities

Ratings Accuracy: 86%

Latest Rating: Reiterated a Market Outperform rating on SentinelOne, Inc. ( S ) with a price target of $33 on Aug. 28. This analyst sees around 40% upside in the stock.

Recent News: On Aug. 27, SentinelOne ( S ) reported quarterly GAAP losses of 22 cents per share, in-line with the analyst consensus estimate.

Read More:

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