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 >
How the US stock market rocketed through the first quarter
How the US stock market rocketed through the first quarter
Mar 28, 2024
NEW YORK (Reuters) - The U.S. stock market is off to a soaring start in 2024, as optimism over the economy and interest rate cuts has combined with exuberance about the business opportunity in artificial intelligence to stir up a potent cocktail for equities. The benchmark S&P 500 has gained 10% so far this year with one trading day left...
Social Buzz: Wallstreetbets Stocks Mostly Lower Premarket Thursday; Reddit to Decline, Robinhood Markets to Open Higher
Social Buzz: Wallstreetbets Stocks Mostly Lower Premarket Thursday; Reddit to Decline, Robinhood Markets to Open Higher
Mar 28, 2024
06:59 AM EDT, 03/28/2024 (MT Newswires) -- The most-talked-about stocks in the Reddit ( RDDT ) subforum Wallstreetbets were mostly lower hours before Thursday's opening bell. Reddit ( RDDT ) fell by 6.3% in pre-bell activity, sinking further after closing Wednesday with an 11.3% decline. Rumble (RUM) was 4.8% lower premarket after a 1.3% drop in the previous session. Rumble...
Journey Medical And 2 Other Stocks Under $4 Insiders Are Buying
Journey Medical And 2 Other Stocks Under $4 Insiders Are Buying
Mar 28, 2024
The Dow Jones index closed higher by over 475 points on Wednesday. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision. Below is a look at a few recent notable insider transactions for penny...
US STOCKS-Futures flat ahead of Easter break, Wall St set for sharp Q1 gains
US STOCKS-Futures flat ahead of Easter break, Wall St set for sharp Q1 gains
Mar 28, 2024
(There will be no US equities report on Friday on account of Good Friday. Reuters will resume coverage on Monday, April 1.) * Semiconductor index set to end Q1 up over 17% * Dow close to hitting 40,000 mark * Crypto stocks climb as bitcoin recovers * Futures off: Dow 0.01%, S&P 0.05%, Nasdaq 0.06% (Updated at 7:00 a.m. ET/...
Copyright 2023-2025 - www.financetom.com All Rights Reserved