This Analyst With 83% Accuracy Rate Sees Over 28% Upside In Pinterest - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts

US stocks closed higher on Friday, with the tech-heavy Nasdaq recording the best quarter since 2020.

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: Craig Ellis

Analyst Firm: B. Riley Securities
Ratings Accuracy: 85%
Latest Rating: Maintained a Buy rating on Rogers Corporation ROG and raised the price target from $185 to $200 on March 31, 2023. Ellis sees around 22% upside in the company’s stock.
Recent News: Rogers outlined its growth strategy at its Investor Day.

  • Analyst: Quinn Bolton

Analyst Firm: Needham
Ratings Accuracy: 84%
Latest Rating: Reiterated a Buy rating on IonQ, Inc. IONQ with a price target of $9 on March 31, 2023. This analyst sees around 46% upside in the stock.
Recent News: IonQ reported better-than-expected Q4 EPS and sales results and issued FY23 revenue guidance above estimates.

  • Analyst: Lloyd Walmsley

Analyst Firm: UBS
Ratings Accuracy: 83%
Latest Rating: Upgraded the rating on Pinterest, Inc. PINS from Neutral to Buy and raised the price target from $27 to $35 on March 27, 2023. This analyst expects more than 28% surge in the company’s stock.
Recent News: Pinterest reported worse-than-expected Q4 results and announced a CFO transition..

  • Analyst: Aaron Rakers

Analyst Firm: Wells Fargo
Ratings Accuracy: 83%
Latest Rating: Maintained an Overweight rating on Advanced Micro Devices, Inc. AMD on March 30, 2023 and slashed the price target from $85 to $120. Rakers sees the stock gaining around 22%.
Recent News: Third Point reportedly took a passive stake in the company.

  • Analyst: Tore Svanberg

Analyst Firm: Stifel
Ratings Accuracy: 83%
Latest Rating: Maintained a Buy rating on Semtech Corporation SMTC on March 30, 2023, and cut the price target from $40 to $37. This analyst sees around 53% gain in the stock.

Recent News: Semtech reported mixed Q4 financial results.
Read More: Insiders Selling Broadcom, Steelcase And This Communication Services Stock

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