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 Firm: Wells Fargo
• Ratings Accuracy: 87%
• Latest Rating: Maintained an Overweight rating on The Home Depot, Inc (NYSE:HD) and raised the price target from $325 to $345 on June 8, 2023. Fadem sees around 16% upside in the company’s stock.
• Recent News: The Home Depot reported mixed first-quarter financial results, a year-over-year decrease in comparable sales and lowered FY23 guidance.

• Analyst Firm: Jefferies
• Ratings Accuracy: 86%
• Latest Rating: Maintained a Buy rating and increased the price target from $82 to $100 on Exact Sciences Corporation (NASDAQ:EXAS) on June 7, 2023. This analyst sees around 14% upside in the stock.
• Recent News: Exact Sciences’ first-quarter revenues increased 24% Y/Y to $602 million, beating the average Wall Street estimate of $543.46 million.

• Analyst Firm: B. Riley Securities
• Ratings Accuracy: 85%
• Latest Rating: Initiated coverage on Loop Media, Inc. (NYSE:LPTV) with a Buy rating and a price target of $5 on June 9, 2023. This analyst expects over 62% gain in the company’s stock.
• Recent News: Loop Media provided third-quarter FY23 guidance. The company expects revenue of $5.4 million-$5.6 million (versus the consensus estimate of $8.3 million) and an operating loss of $(7.6) million-$(7.9) million.

• Analyst Firm: Baird
• Ratings Accuracy: 85%
• Latest Rating: Reiterated an Outperform rating on Semtech Corporation (NASDAQ:SMTC) with a price target of $40 on June 8, 2023. Ellis sees the stock surging around 87%.
• Recent News: Bowlero entered into a definitive agreement to acquire substantially all of the assets of Lucky Strike Entertainment LLC, an upscale bowling company with 14 locations across nine states.

• Analyst Firm: Roth MKM
• Ratings Accuracy: 84%
• Latest Rating: Upgraded Yext, Inc. (NYSE:YEXT) from Neutral to Buy and raised the price target from $8.5 to $12.5 on June 7, 2023. This analyst sees around 4% decline in the stock.
• Recent News: Yext reported better-than-expected first-quarter financial results and issued FY24 guidance above estimates.