financetom
Market
financetom
/
Market
/
This Analyst With 91% Accuracy Rate Sees Over 57% Upside In Nvidia - 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 91% Accuracy Rate Sees Over 57% Upside In Nvidia - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts
Jun 24, 2024 5:27 AM

U.S. stocks closed mixed on Friday, with the S&P 500 edging lower during the session. The S&P 500 hit an intraday record level of 5,505.53 earlier last week, and recorded a weekly gain of 0.6%. The Dow Jones index, meanwhile, gained 1.45% to record its strongest weekly performance since 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: Mike Colonnese

Analyst Firm: HC Wainwright & Co.

Ratings Accuracy: 93%

Latest Rating: Reiterated a Buy rating on Coinbase Global, Inc. ( COIN ) with a price target of $315 on June 18. This analyst sees around 40% increase in the stock.

Recent News: On June 5, Coinbase announced the launch of its highly anticipated smart wallets, aiming to revolutionize the user experience for crypto newcomers.

Analyst: Patrick Scholes

Analyst Firm: Truist Securities

Ratings Accuracy: 93%

Latest Rating: Initiated coverage on Viking Holdings Ltd ( VIK ) with a Hold rating and a price target of $38 on June 21. This analyst sees around 23% upside in the stock.

Recent News: On May 29, Viking Holdings ( VIK ) reported quarterly losses of $1.21 per share.

Analyst: Cody Acree

Analyst Firm: Benchmark

Ratings Accuracy: 93%

Latest Rating: Maintained a Buy rating on Texas Instruments Incorporated ( TXN ) and boosted the price target from $210 to $230 on June 21. This analyst sees around 18% upside in the stock.

Recent News: On June 21, Texas Instruments ( TXN ) and Delta Electronics disclosed collaboration to advance electric vehicle onboard charging.

Analyst: Brian Harbour

Analyst Firm: Morgan Stanley

Ratings Accuracy: 92%

Latest Rating: Maintained an Overweight rating on Darden Restaurants, Inc. ( DRI ) with a price target of $175 on June 21. This analyst sees around 14% surge in the stock.

Recent News: On June 20, Darden Restaurants ( DRI ) reported better-than-expected fourth-quarter adjusted earnings results and increased its quarterly dividend.

Analyst: Hans Mosesmann

Analyst Firm: Rosenblatt

Ratings Accuracy: 91%

Latest Rating: Maintained a Buy rating on NVIDIA Corporation ( NVDA ) and boosted the price target from $140 to $200 on June 18. This analyst sees over 57% upside in the stock.

Recent News: At HPE Discover 2024, Hewlett Packard Enterprise Co ( HPE ) and Nvidia ( NVDA ) unveiled a powerful collaboration aimed at revolutionizing the enterprise AI landscape.

Read More: $2M Bet On Exxon Mobil? Check Out These 3 Stocks Insiders Are Buying

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 >
INDIA STOCKS-Indian shares set for muted open, IT in focus after upbeat Accenture results
INDIA STOCKS-Indian shares set for muted open, IT in focus after upbeat Accenture results
Dec 19, 2024
Dec 19 (Reuters) - Indian shares are set for a muted open on Friday after the previous session's declines on concerns over a slower pace of rate cuts by the U.S. Federal Reserve, while IT stocks are likely to find support after solid results by U.S. peer Accenture ( ACN ). The GIFT Nifty futures were trading at 23,917 as...
Nike, Fedex, Blackberry, Rigetti, And Tesla: Why These 5 Stocks Are On Investors' Radars Today
Nike, Fedex, Blackberry, Rigetti, And Tesla: Why These 5 Stocks Are On Investors' Radars Today
Dec 19, 2024
Major U.S. indices closed Thursday with mixed results. The Dow Jones Industrial Average edged up by 0.04%, while the S&P 500 slipped 0.09%, and the tech-focused NASDAQ dropped 0.1%. These are the top stocks that gained the attention of retail traders and investors throughout the day. Nike Inc. ( NKE ) Nike’s stock edged up by 0.26%, closing at $77.10....
FedEx, Nike And 3 Stocks To Watch Heading Into Friday
FedEx, Nike And 3 Stocks To Watch Heading Into Friday
Dec 19, 2024
With U.S. stock futures trading lower this morning on Friday, some of the stocks that may grab investor focus today are as follows: Wall Street expects Carnival Corporation & Plc. to report quarterly earnings at 8 cents per share on revenue of $5.93 billion before the opening bell, according to data from Benzinga Pro. Carnival shares gained 0.4% to $25.27...
INDIA STOCKS-Financials and IT weigh on Indian shares
INDIA STOCKS-Financials and IT weigh on Indian shares
Dec 19, 2024
(Updates at 10:45 a.m. IST) By Kashish Tandon Dec 19 (Reuters) - Indian shares inched lower on Friday, weighed down by IT and financials, as investors remained jittery about the Federal Reserve's projection of fewer rate cuts next year, which has spurred an exodus of foreign funds. The Nifty 50 was down 0.1% at 23,928.60 as of 10:45 a.m. IST,...
Copyright 2023-2025 - www.financetom.com All Rights Reserved