U.S. stocks closed lower on Friday, as investors digested the recent jobs data. The S&P 500 fell for a fourth consecutive session, also recording its worst week since March. The Dow fell 1.1%, while the S&P declined about 2.9% last week.
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: Zachary Fadem
- Analyst Firm: Wells Fargo
- Ratings Accuracy: 87%
- Latest Rating: Maintained an Overweight rating on Floor & Decor Holdings, Inc. FND and cut the price target from $125 to $115 on Aug. 4, 2023. This analyst sees around 12% upside in the stock.
- Recent News: Floor & Decor reported worse-than-expected second-quarter financial results.
Analyst: Brandon Couillard
- Analyst Firm: Jefferies
- Ratings Accuracy: 86%
- Latest Rating: Maintained a Buy rating on Exact Sciences Corporation EXAS and raised the price target from $100 to $110 on Aug. 3, 2023. This analyst sees around 29% upside in the stock.
- Recent News: Exact Sciences reported second-quarter revenue of $622 million, an increase of 19%, and $617 million of core revenue, an increase of 24%, beating the consensus of $599.03 million.
Analyst: Rohit Kulkarni
- Analyst Firm: Roth MKM
- Ratings Accuracy: 84%
- Latest Rating: Maintained a Neutral rating on DoorDash, Inc. DASH and raised the price target from $73 to $91 on Aug. 3, 2023. This analyst sees around 9% upside in the stock.
- Recent News: DoorDash reported mixed second-quarter financial results.
Analyst: Colin Sebastian
- Analyst Firm: Baird
- Ratings Accuracy: 83%
- Latest Rating: Maintained a Neutral rating on Airbnb, Inc. ABNB and raised the price target from $120 to $140 on Aug. 4, 2023. This analyst sees around 0.1% downside in the stock.
- Recent News: Airbnb reported second-quarter revenue of $2.5 billion, which was up 18% year-over-year. The revenue total beat a Street consensus estimate of $2.2 billion.
Analyst: Justin Post
- Analyst Firm: B of A Securities
- Ratings Accuracy: 83%
- Latest Rating: Maintained a Buy rating on Amazon.com, Inc. AMZN and raised the price target from $154 to $174 on Aug. 4, 2023. This analyst sees around 25% upside in the stock.
- Recent News: Amazon.com reported strong second-quarter financial results.
Read More: Tesla, Amazon And 2 Other Stocks Insiders Are Selling/em>
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