This Analyst With 82% Accuracy Rate Sees Around 19% Upside In Meta Platforms - Here Are 5 Stock Picks For

U.S. stocks closed slightly lower on Friday, but the S&P 500 gained for nine consecutive weeks, notching its best winning streak since 2004.

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: Scott Devitt

Analyst Firm: Wedbush
Ratings Accuracy: 82%
Latest Rating: Maintained an Outperform rating on Meta Platforms, Inc. (NASDAQ:META) and raised the price target from $350 to $420 on Dec. 27, 2023. This analyst sees around 19% increase in the stock.
Recent News: Meta Platforms, Threads, a social networking platform, is set to launch a fact-checking program given the upcoming significant elections in the U.S. and India this year.

Analyst: John Freeman

Analyst Firm: Raymond James
Ratings Accuracy: 80%
Latest Rating: Maintained a Strong Buy rating on ConocoPhillips (NYSE:COP) and cut the price target from $146 to $140 on Dec. 29, 2023. This analyst sees around 21% upside in the stock.
Recent News: ConocoPhillips disclosed that it is moving forward with developing the Willow project in Alaska.

Analyst: John Roberts

Analyst Firm: Mizuho
Ratings Accuracy: 80%
Latest Rating: Maintained a Buy rating on Crown Holdings, Inc. (NYSE:CCK) and increased the price target from $96 to $105 on Dec. 28, 2023. This analyst sees around 14% upside in the stock.
Recent News: Crown Holdings, during October, posted in-line earnings for its third quarter.

Analyst: Kevin Cassidy

Analyst Firm: Rosenblatt
Ratings Accuracy: 77%
Latest Rating: Reiterated a Buy rating on Rambus Inc. (NASDAQ:RMBS) with a price target of $85 on Dec. 28, 2023. This analyst sees around 25% surge in the stock.
Recent News: Rambus announced the availability of its state-of-the-art Gen4 DDR5 Registering Clock Driver (RCD).

Analyst: Daniel Ives

Analyst Firm: Wedbush
Ratings Accuracy: 77%
Latest Rating: Maintained an Outperform rating on Microsoft Corporation (NASDAQ:MSFT) and boosted the price target from $425 to $450 on Dec. 28, 2023. This analyst sees around 20% upside in the stock.
Recent News: Microsoft introduced its AI-driven standalone Copilot app, exclusive to Android users.

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CCKCrown Holdings Inc

METAMeta Platforms Inc