2 weeks Ago By Avi Kapoor
U.S. stocks settled mixed on Friday, with the Nasdaq Composite surging to an all-time high during the session.
Both the Dow Jones and S&P 500 ended a six-week winning streak, falling around 1% and 2.7%, respectively. The Nasdaq recorded gains for the seventh straight week, gaining nearly 0.
2% last 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 : Trevor Walsh Analyst Firm : JMP Securities Ratings Accuracy : 87% Latest Rating : Maintained a Market Outperform rating on Tyler Technologies, In c. TYL and raised the price target from $580 to $700 on Oct.
25. This analyst sees around 16% upside in the stock. Recent News: On Oct.
24, Tyler Technologies reported better-than-expected third-quarter adjusted EPS results and raised its FY24 adjusted EPS guidance. Analyst : William Stein Analyst Firm : Truist Securities Ratings Accuracy : 86% Latest Rating : Maintained a Hold rating on Tesla, Inc . TSLA and increased the price target from $236 to $238 on Oct.
24. This analyst sees around 11% downside in the stock. Recent News : Tesla has been found to be offering a Cybertruck accessory that its employees are not legally allowed to install.
Analyst : Justin Post Analyst Firm : B of A Securities Ratings Accuracy : 86% Latest Rating : Maintained a Buy rating on Uber Technologies, Inc . UBER and raised the price target from $88 to $96 on Oct. 23.
This analyst sees around 24% upside in the stock. Recent News : Uber Technologies is working towards its goal of transforming into a zero-emission platform with measures including the introduction of an AI assistant on the driver app to help with EV-related queries, company CEO Dara Khosrowshahi recently said. Analyst : Brent Thielman Analyst Firm : DA Davidson Ratings Accuracy : 85% Latest Rating : Maintained a Buy rating on KBR, Inc.
KBR and increased the price target from $78 to $84 on Oct. 25. This analyst sees around 26% surge in the stock.
Recent News : On Oct. 23, KBR posted downbeat sales for the third quarter. Analyst : Andrew Kaplowitz Analyst Firm : Citigroup Ratings Accuracy : 85% Latest Rating : Maintained a Buy rating on Honeywell International Inc .
HON and cut the price target from $248 to $244 on Oct. 25. This analyst sees around 17% upside in the stock.
Recent News : On Oct. 24, Honeywell International filed for offering of 2 million shares of common stock by selling stockholders. Read More: Wall Street’s Most Accurate Analysts Give Their Take On 3 Real Estate Stocks Delivering High-Dividend Yields © 2024 Benzinga.
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