US stocks recorded losses for the month of February. The S&P 500 lost 2.6%, while the Dow dropped around 4.2% last month.
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: Nicholas Cucharale
- Analyst Firm: Piper Sandler
- Ratings Accuracy: 87%
- Latest Rating: Upgraded rating on Hometrust Bancshares Inc HTBI from Neutral to Overweight on Feb. 28, 2023, and raised the price target from $27 to $32. Cucharale sees over 9% upside in the company’s stock.
- Recent News: HomeTrust Bancshares reported better-than-expected Q2 earnings.
Analyst: Eric Wold
- Analyst Firm: B. Riley Securities
- Ratings Accuracy: 85%
- Latest Rating: Maintained a Buy rating on Cinemark Holdings, Inc. CNK and raised the price target from $13 to $15 on Feb. 27, 2023. Wold sees around 10% surge in the stock.
- Recent News: Cinemark Holdings reported a fourth-quarter FY22 sales decline of 10% year-on-year, to $599.7 million, missing the consensus of $609.9 million.
Analyst: Joseph Osha
- Analyst Firm: Guggenheim
- Ratings Accuracy: 85%
- Latest Rating: Maintained a Buy rating for Sunnova Energy International Inc NOVA on Feb. 28, 2023, and raised the price target from $51 to $60. This analyst expects around 234% surge in the company’s stock.
- Recent News: Sunnova Energy Intl reported better-than-expected Q4 results.
Analyst: Seth Basham
- Analyst Firm: Wedbush
- Ratings Accuracy: 84%
- Latest Rating: Maintained an Outperform rating on Wayfair Inc W on Feb. 24, 2023, and cut the price target from $60 to $50. Basham sees the stock gaining around 24%.
- Recent News: Wayfair reported a fourth-quarter FY22 sales decline of 4.6% year-on-year to $3.10 billion, beating the consensus of $3.06 billion.
Analyst: Quinn Bolton
- Analyst Firm: Needham
- Ratings Accuracy: 83%
- Latest Rating: Reiterated a Buy rating on ACM Research Inc ACMR on Feb. 27, 2023, with a price target of $15. This analyst sees around 45% gain in the stock.
- Recent News: ACM Research reported fourth-quarter FY22 revenue growth of 14.1% year-on-year to $108.5 million, beating the consensus of $97.1 million.
Read More: Top 5 Health Care Stocks That You May Want To Dump In Q1 2023
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