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This Analyst With 85% Accuracy Rate Sees Around 10% Upside In Alphabet - Here Are 5 Stock Picks For 2024 From Wall Street's Most Accurate Analysts
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This Analyst With 85% Accuracy Rate Sees Around 10% Upside In Alphabet - Here Are 5 Stock Picks For 2024 From Wall Street's Most Accurate Analysts
Jan 2, 2025 5:05 AM

U.S. stocks settled lower on Tuesday, with the Nasdaq Composite falling around 175 points during the session.

Although major indices settled lower on the final trading session of the year, but they recorded gains in 2024. The S&P 500 surged 23.31% in 2024, after recording a gain of 24.2% during 2023. Meanwhile, the Dow jumped 12.88% last year, while the Nasdaq outperformed with a rally of 28.64%.

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: Andres Sheppard

Analyst Firm: Cantor Fitzgerald

Ratings Accuracy: 88%

Latest Rating: Maintained an Overweight rating on Archer Aviation Inc. ( ACHR ) and raised the price target from $10 to $13 on Dec. 18. This analyst sees around 30% upside in the stock.

Recent News: On Dec. 12, Archer announced a partnership with Anduril to develop hybrid VTOL military aircraft and reported raising an additional $430 million in equity capital.

Analyst: Jay McCanless

Analyst Firm: Wedbush

Ratings Accuracy: 87%

Latest Rating: Reiterated a Neutral rating on Lennar Corporation ( LEN ) with a price target of $164 on Dec. 19. This analyst sees around 20% upside in the stock.

Recent News: On Dec. 18, Lennar ( LEN ) reported worse-than-expected fourth-quarter financial results.

Analyst: Sumeet Mody

Analyst Firm: Piper Sandler

Ratings Accuracy: 87%

Latest Rating: Maintained a Neutral rating on Enfusion, Inc. ( ENFN ) and raised the price target from $10 to $11.5 on Dec. 23. This analyst sees around 12% upside in the stock.

Recent News: On Nov. 4, Enfusion ( ENFN ) reported worse-than-expected third-quarter financial results.

Analyst: Justin Post

Analyst Firm: B of A Securities

Ratings Accuracy: 85%

Latest Rating: Maintained a Buy rating on Alphabet Inc. ( GOOG ) with a price target of $210 on Dec. 23. This analyst sees around 10% surge in the stock.

Recent News: At a strategy meeting featuring Alphabet executives, CEO Sundar Pichai addressed key 2025 topics, including artificial intelligence, competition and regulatory pressure.

Analyst: Aaron Rakers

Analyst Firm: Wells Fargo

Ratings Accuracy: 85%

Latest Rating: Maintained an Overweight rating on Micron Technology, Inc. ( MU ) and cut the price target from $175 to $140 on Dec. 19. This analyst sees around 65% upside in the stock.

Recent News: On Dec. 18, Micron reported first-quarter revenue of $8.71 billion, missing the consensus estimate of $8.72 billion.

Read More:

How To Earn $500 A Month From Alphabet Stock

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