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: Rick Patel
Analyst Firm: Raymond James
Ratings Accuracy: 88%
Latest Rating: Maintained an Outperform Buy rating on NIKE, Inc. NKE on December 21, 2022, and boosted the price target from $99 to $130. Patel sees around 12% surge in the company’s stock
- Analyst: Bill Sutherland
Analyst Firm: Benchmark
Ratings Accuracy: 84%
Latest Rating: Initiated a Buy rating on Nutex Health Inc. NUTX on December 23, 2022, with a price target of $3. Sutherland predicts around 44% upside in the stock.
- Analyst: John Barnidge
Analyst Firm: Piper Sandler
Ratings Accuracy: 84%
Latest Rating: Reiterated a Neutral rating for Prudential Financial, Inc. PRU on December 20, 2022, but slashed the price target from $110 to $106. This analyst expects over 6% rise in the company’s stock.
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- Analyst: Philip Gibbs
Analyst Firm: Keybanc
Ratings Accuracy: 83%
Latest Rating: Maintained an Overweight rating for Barnidge MTRN on December 21, 2022, and raised the price target from $90 to $92. Gibbs sees the stock gaining more than 6%.
- Analyst: Alex Rygiel
Analyst Firm: B. Riley Securities
Ratings Accuracy: 82%
Latest Rating: Maintained a Neutral on Builders FirstSource, Inc. BLDR on December 21, 2022, and cut the price target from $66 to $59. Rygiel sees around 10% drop in the stock.
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