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This Analyst With 87% Accuracy Rate Sees 26% Upside In Dell Technologies - Here Are 5 Stock Picks For May From Wall Street's Most Accurate Analysts
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This Analyst With 87% Accuracy Rate Sees 26% Upside In Dell Technologies - Here Are 5 Stock Picks For May From Wall Street's Most Accurate Analysts
Jun 3, 2024 1:01 AM

U.S. stocks settled mostly higher on Friday, with all three major indices notching gains in May. The Dow gained 2.3% last month, while the S&P 500 added 4.8% in May.

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: Matt Bryson

Analyst Firm: Wedbush

Ratings Accuracy: 87%

Latest Rating: Maintained an Outperform rating on Pure Storage, Inc ( PSTG ). and raised the price target from $70 to $80 on May 30. This analyst sees around 31% increase in the stock.

Recent News: On May 29, Pure Storage ( PSTG ) posted better-than-expected first-quarter financial results.

Analyst: Aaron Rakers

Analyst Firm: Wells Fargo

Ratings Accuracy: 87%

Latest Rating: Maintained an Overweight rating on Dell Technologies Inc ( DELL ). and boosted the price target from $170 to $175 on May 31. This analyst sees around 26% upside in the stock.

Recent News: On May 30, Dell reported upbeat earnings and sales results for the first quarter.

Analyst: Howard Rubel

Analyst Firm: Jefferies

Ratings Accuracy: 86%

Latest Rating: Maintained a Buy rating on Booz Allen Hamilton Holding Corporation ( BAH ) and boosted the price target from $180 to $185 on May 29. This analyst sees around 22% upside in the stock.

Recent News: On May 24, Booz Allen Hamilton ( BAH ) posted better-than-expected fourth-quarter earnings.

Analyst: Alex Rygiel

Analyst Firm: B. Riley Securities

Ratings Accuracy: 86%

Latest Rating: Maintained a Buy rating on MasTec, Inc ( MTZ ). and increased the price target from $120 to $132 on May 31. This analyst sees around 18% surge in the stock.

Recent News: On May 2, MasTec ( MTZ ) reported better-than-expected first-quarter financial results.

Analyst: Harsh Kumar

Analyst Firm: Piper Sandler

Ratings Accuracy: 85%

Latest Rating: Reiterated an Overweight rating on Semtech Corporation ( SMTC ) and raised the price target from $40 to $60 on May 29. This analyst sees around 58% upside in the stock.

Recent News: On March 28, Semtech ( SMTC ) posted a loss for the fourth quarter.

Read More: Jim Cramer: Beyond Meat Is ‘Way Too Risky,’ Warby Parker Is ‘Alright To Buy‘

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