financetom
Market
financetom
/
Market
/
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
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
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

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Sector Update: Financial Stocks Edge Higher Premarket Thursday
Sector Update: Financial Stocks Edge Higher Premarket Thursday
Oct 9, 2025
09:28 AM EDT, 10/09/2025 (MT Newswires) -- Financial stocks were edging higher premarket Thursday, with the Financial Select Sector SPDR Fund (XLF) slightly advancing. The Direxion Daily Financial Bull 3X Shares ( FAS ) was up 0.2% and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 0.3% lower. HSBC ( HSBC ) said the company...
Exchange-Traded Funds, Equity Futures Steady Pre-Bell as Investors Hope for Rate Cut, Await Earnings
Exchange-Traded Funds, Equity Futures Steady Pre-Bell as Investors Hope for Rate Cut, Await Earnings
Oct 9, 2025
09:22 AM EDT, 10/09/2025 (MT Newswires) -- The broad market exchange-traded fund SPDR S&P 500 ETF Trust ( SPY ) and the actively traded Invesco QQQ Trust (QQQ) were little changed in Thursday's premarket activity, as investors looked forward to the Federal Reserve's interest rate cut and awaited earnings. US stock futures were also flat, with S&P 500 Index futures...
Gold Edges Down From a Record as the Dollar Rises and Traders Take Profits
Gold Edges Down From a Record as the Dollar Rises and Traders Take Profits
Oct 9, 2025
09:23 AM EDT, 10/09/2025 (MT Newswires) -- Gold moved down from a record high early Thursday as traders take profits while the dollar rose to a two-month high. Gold for December delivery was last seen down US$3.90 to $4,066.60 per ounce. The price of the precious metal has climbed 21% since Aug. 18 when it began to rise as U.S....
Sector Update: Energy Stocks Advance Pre-Bell Thursday
Sector Update: Energy Stocks Advance Pre-Bell Thursday
Oct 9, 2025
09:28 AM EDT, 10/09/2025 (MT Newswires) -- Energy stocks were advancing pre-bell Thursday, with the Energy Select Sector SPDR Fund ( XLE ) 0.1% higher. The United States Oil Fund ( USO ) was 0.5% higher and the United States Natural Gas Fund ( UNG ) was up 0.8%. Front-month US West Texas Intermediate crude oil was 0.3% higher at...
Copyright 2023-2026 - www.financetom.com All Rights Reserved