This Analyst With 90% Accuracy Rate Slashes PT On Snap; Here Are 5 Stock Picks For Last Week From Benzinga's Most Accurate Analysts

This Analyst With 90% Accuracy Rate Slashes PT On Snap; Here Are 5 Stock Picks For Last Week From Benzinga's Most Accurate Analysts

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. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables. 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: Mark Kelley

 

Analyst Firm: Stifel
Ratings Accuracy: 90%
Latest Rating: Maintained a Hold rating for Snap Inc. SNAP, and lowered price target from $14 to $9 on Friday.

 

  • Analyst: Catherine Schulte

 

Analyst Firm: Baird
Ratings Accuracy: 88%
Latest Rating: Maintained an Outperform rating for Danaher Corporation DHR, but lowered price target from $325 to $315 on Friday.

 

  • Analyst: Justin Jenkins

 

Analyst Firm: Raymond James
Ratings Accuracy: 87%
Latest Rating: Reiterated an Outperform rating for Chevron Corporation CVX, and raised the price target from $185 to $188 on Thursday.

 

  • Analyst: Zachary Fadem

 

Analyst Firm: Wells Fargo
Ratings Accuracy: 85%
Latest Rating: Reiterated an Equal-Weight rating for Carvana Co. CVNA, and cut the price target from $35 to $30 on Wednesday.

 

  • Analyst: Bill Sutherland

 

Analyst Firm: Benchmark
Ratings Accuracy: 84%
Latest Rating: Upgraded rating for Healthcare Services Group, Inc. HCSG from Hold to Buy with a price target of $18 on Thursday.

Posted In: Benzinga's Most Accurate AnalystsNewsUpgradesPrice TargetSmall CapPre-Market OutlookMarketsAnalyst RatingsTrading Ideas