This Analyst With 87% Accuracy Rate Sees Around 23% Upside In Alphabet - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts

The Dow Jones gained by more than 100 points on Friday. All the major indices recorded gains last week, with the Dow adding 0.4% and the S&P 500 gaining 1.4%.

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 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: Mark Kelley

  • Analyst Firm: Stifel
  • Ratings Accuracy: 87%
  • Latest Rating: Reinstated a Buy rating on Alphabet Inc. GOOGL with a price target of $130 on March 21, 2023. Kelley sees around 23% upside in the company’s stock.
  • Recent News: Alphabet Google has suspended PDD Holdings’ main Chinese shopping app, Pinduoduo, after discovering malware in unsanctioned versions of the software.

Analyst: Craig Ellis

  • Analyst Firm: B. Riley Securities
  • Ratings Accuracy: 86%
  • Latest Rating: Upgraded the rating on Semtech Corporation SMTC from Neutral to Buy on March 22, 2023 and increased the price target from $34 to $52. This analyst sees over 63% upside in the stock.
  • Recent News: Mohan Maheswaran will retire from his role as Semtech's President and CEO.

Analyst: John Vruwink

  • Analyst Firm: Baird
  • Ratings Accuracy: 84%
  • Latest Rating: Assumed a Neutral rating on Roper Technologies, Inc. ROP with a price target of $476 on March 20, 2023. This analyst expects more than 10% surge in the company’s stock.
  • Recent News: Roper Technologies reported fourth-quarter FY22 adjusted revenue growth of 14% year-over-year to $1.43 billion, which was in line with the consensus.

Analyst: Eric Wold

  • Analyst Firm: B. Riley Securities
  • Ratings Accuracy: 84%
  • Latest Rating: Maintained a Buy rating on Chicken Soup for the Soul Entertainment, Inc. CSSE on March 22, 2023 and slashed the price target from $24 to $11. Wold sees the stock gaining around 328%.
  • Recent News: Chicken Soup For The Soul Entertainment agreed to sell up to $50 million shares under a purchase agreement with Lincoln Park Capital Fund, LLC.

Analyst: Rick Patel

  • Analyst Firm: Raymond James
  • Ratings Accuracy: 84%
  • Latest Rating: Maintained an Outperform rating on NIKE, Inc. NKE on March 22, 2023, and raised the price target from $130 to $135. This analyst sees around 12% gain in the stock.
  • Recent News: Nike reported better-than-expected third-quarter results and reported an increase in direct, digital and wholesale revenues.

Read More: Top 5 Tech Stocks That May Fall Off A Cliff This Quarter

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