financetom
Market
financetom
/
Market
/
This Analyst With 86% Accuracy Rate Sees More Than 12% Upside In Starbucks - Here Are 5 Stock Picks For Last Week 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 86% Accuracy Rate Sees More Than 12% Upside In Starbucks - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts
Dec 2, 2024 12:36 AM

U.S. stocks settled higher on Friday, with the Dow Jones and S&P 500 surging to fresh highs during the shortened trading session. The Dow gained 1.4% last week, while the S&P 500 gained 1.1% on 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: Keith Hughes

Analyst Firm: Truist Securities

Ratings Accuracy: 86%

Latest Rating: Downgraded rating on Summit Materials, Inc. ( SUM ) from Buy to Hold and cut the price target from $60 to $52.5 on Nov. 26. This analyst sees around 3% upside in the stock.

Recent News: On Nov. 25, the company inked a definitive deal to be acquired by privately owned family business Quikrete Holdings for $52.50 per share in cash, valuing the transaction at approximately $11.5 billion, including debt.

Analyst: Jon Arfstrom

Analyst Firm: RBC Capital

Ratings Accuracy: 86%

Latest Rating: Maintained a Sector Perform rating on Old National Bancorp ( ONB ) and increased the price target from $24 to $25 on Nov. 26. This analyst sees around 8% upside in the stock.

Recent News: On Nov. 25, Old National Bancorp ( ONB ) and Bremer Financial Corporation jointly announced today that they entered into a definitive merger agreement.

Analyst: Zachary Fadem

Analyst Firm: Wells Fargo

Ratings Accuracy: 86%

Latest Rating: Maintained an Overweight rating on Starbucks Corporation ( SBUX ) and raised the price target from $110 to $115 on Nov. 26. This analyst sees more than 12% upside in the stock.

Recent News: Starbucks ( SBUX ) locations are reportedly calculating employee pay and hours worked by hand after a ransomware attack on a third-party software provider disrupted how the coffee shop’s employees view and manage their schedules and how the company tracks labor hours.

Analyst: William Stein

Analyst Firm: Truist Securities

Ratings Accuracy: 85%

Latest Rating: Maintained a Hold rating on Analog Devices, Inc. ( ADI ) and cut the price target from $233 to $227 on Nov. 27. This analyst sees around 4% gain in the stock.

Recent News: On Nov. 26, Analog Devices ( ADI ) reported better-than-expected fourth-quarter EPS and sales.

Analyst: Rob Owens

Analyst Firm: Piper Sandler

Ratings Accuracy: 85%

Latest Rating: Maintained an Overweight rating on CrowdStrike Holdings, Inc. ( CRWD ) and boosted the price target from $290 to $375 on Nov. 27. This analyst sees around 8% upside in the stock.

Recent News: On Nov. 26, CrowdStrike ( CRWD ) reported third-quarter revenue of $1.01 billion, beating the consensus estimate of $982.36 million. The cybersecurity company reported adjusted earnings of $93 cents per share, beating analyst estimates of 81 cents per share..

Read More:

Top 3 Defensive Stocks You’ll Regret Missing In November

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 >
US STOCKS-Futures tick up after Wall Street hits record highs
US STOCKS-Futures tick up after Wall Street hits record highs
Mar 22, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Futures up: Dow 0.04%, S&P 0.11%, Nasdaq 0.18% March 22 (Reuters) - U.S. stock index futures inched higher on Friday, setting Wall Street on course for strong weekly gains as investors cheered the Federal Reserve sticking to its rate-easing...
Futures tick up after Wall Street hits record highs
Futures tick up after Wall Street hits record highs
Mar 22, 2024
(Reuters) - U.S. stock index futures inched higher on Friday, setting Wall Street on course for strong weekly gains as investors cheered the Federal Reserve sticking to its rate-easing stance and awaited commentary from Chair Powell later in the day. All three main U.S. indexes hit fresh record closing highs in the previous session as chip stocks rallied after Micron...
SNAPSHOT-India stocks, rupee, swaps, call at 3:30 p.m. IST
SNAPSHOT-India stocks, rupee, swaps, call at 3:30 p.m. IST
Mar 22, 2024
MUMBAI, March 22 (Reuters) - STOCKS: The benchmark BSE Sensex rose 190.75 points, or 0.26%, to 72,831.94, while the broader NSE index gained 66.1 points, or 0.30%, to 22,078.05, as IT sector bellwether Accenture's revenue warning offset optimism around U.S. Federal Reserve rate cuts. RUPEE: The Indian rupee weakened 0.33% versus the U.S. dollar, and quoted at 83.43 per dollar,...
US STOCKS-Futures edge higher after Wall Street scales record peak
US STOCKS-Futures edge higher after Wall Street scales record peak
Mar 22, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Tesla slips on report co trims car production in China * FedEx ( FDX ) jumps on Q3 profit beat * Nike ( NKE ) falls after revenue forecast disappoints * Futures up: Dow 0.10%, S&P 0.11%, Nasdaq 0.07%...
Copyright 2023-2026 - www.financetom.com All Rights Reserved