financetom
Market
financetom
/
Market
/
This Analyst With 88% Accuracy Rate Sees Around 93% Upside In Upland Software - 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 88% Accuracy Rate Sees Around 93% Upside In Upland Software - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts
May 6, 2024 4:23 AM

U.S. stocks settled higher on Friday, with the Dow Jones index surging 450 points following the release of jobs data.

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: Richard Davis

Analyst Firm: Canaccord Genuity

Ratings Accuracy: 88%

Latest Rating: Maintained a Buy rating on  Upland Software, Inc. ( UPLD ) and cut the price target from $7 to $5 on May 3. This analyst sees around 93% upside in the stock.

Recent News: On May 2, Upland Software ( UPLD ) reported better-than-expected first-quarter financial results.

Analyst: Zachary Fadem

Analyst Firm: Wells Fargo

Ratings Accuracy: 86%

Latest Rating: Maintained an Equal-Weight rating on Carvana Co. ( CVNA ) with a Buy rating and increased the price target from $60 to $77 on May 2. This analyst sees around 37% downside in the stock.

Recent News: On May 1, Carvana ( CVNA ) reported upbeat sales for the first quarter.

Analyst: Jay McCanless

Analyst Firm: Wedbush

Ratings Accuracy: 86%

Latest Rating: Maintained a Neutral rating on Zillow Group, Inc. ( ZG ) and cut the price target from $60 to $50 on May 2. This analyst sees over 23% upside in the stock.

Recent News: On May 1, Zillow ( ZG ) reported quarterly earnings of 36 cents per share which beat the analyst consensus estimate of 34 cents.

Analyst: Justin Post

Analyst Firm: B of A Securities

Ratings Accuracy: 86%

Latest Rating: Maintained a Neutral rating on Booking Holdings Inc. ( BKNG ) and boosted the price target from $3,900 to $3,950 on May 3. This analyst sees about 10% gain in the stock.

Recent News: On May 2, Booking Holdings ( BKNG ) reported better-than-expected first-quarter financial results.

Analyst: William Stein

Analyst Firm: Truist Securities

Ratings Accuracy: 86%

Latest Rating: Maintained a Buy rating on Belden Inc. ( BDC ) and increased the price target from $98 to $101 on May 3. This analyst sees around 14% upside in the stock.

Recent News: On May 2, Belden reported mixed first-quarter earnings and announced the acquisition of Precision Optical Technologies.

Read More: Jim Cramer Says ‘You’re In Good Hands’ With This ‘Very Good’ Regional Bank, Likes General Motors

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 >
Equities Close Mixed Ahead of Consumer Inflation Report
Equities Close Mixed Ahead of Consumer Inflation Report
Sep 11, 2024
04:26 PM EDT, 09/10/2024 (MT Newswires) -- US benchmark equity indexes closed mixed Tuesday as traders awaited official consumer inflation data for August. The Nasdaq Composite rose 0.8% to 17,025.9, while the S&P 500 increased 0.5% to 5,495.5. The Dow Jones Industrial Average fell 0.2% to 40,737. Real estate paced the gainers among sectors, while energy saw the steepest decline....
TSX Closer: The Market Moves Down as Oil Prices Plunge to Three Year Lows as U.S. CPI Data Awaited
TSX Closer: The Market Moves Down as Oil Prices Plunge to Three Year Lows as U.S. CPI Data Awaited
Sep 11, 2024
04:23 PM EDT, 09/10/2024 (MT Newswires) -- The Toronto Stock Exchange closed with a loss on Tuesday as oil prices fell to the lowest in mor than three years while U.S. inflation data coming tomorrow should clear up any arguments over the size of an interest-rate cut coming next week from the Federal Reserve. The S&P/TSX Composite Index closed down...
US STOCKS-Wall Street ends slightly higher; banks and energy weigh
US STOCKS-Wall Street ends slightly higher; banks and energy weigh
Sep 11, 2024
(Adds preliminary closing details, analyst comment) By Sinéad Carew and Shubham Batra Sept 10 (Reuters) - Wall Street's benchmark S&P 500 index closed slightly higher on Tuesday with concerns about slowing economic growth stunting gains and the Dow dipped as bank stocks sank after warnings of current-quarter weakness while energy shares tumbled. Energy was the weakest among the benchmark's 11...
US Equities Markets End Mixed Tuesday as Investors Await Consumer Inflation Report
US Equities Markets End Mixed Tuesday as Investors Await Consumer Inflation Report
Sep 11, 2024
04:02 PM EDT, 09/10/2024 (MT Newswires) -- US benchmark equity indexes ended mixed Tuesday as markets awaited official consumer inflation data for August due Wednesday. * Government data are likely to show Wednesday that US consumer inflation rose 0.2% sequentially and 2.6% annually last month, according to a Bloomberg-compiled consensus. The official producer prices report for August is scheduled to...
Copyright 2023-2025 - www.financetom.com All Rights Reserved