This Analyst With 87% Accuracy Rate Sees Over 13% Upside In Amazon.com - Here Are 5 Stock Picks For Last

U.S. stocks closed mixed on Friday, with the Dow Jones index falling more than 100 points during the session.

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: Michael Olson
Analyst Firm: Piper Sandler
Ratings Accuracy: 88%
Latest Rating: Upgraded rating on GoDaddy Inc. (NYSE:GDDY) from Neutral to Overweight on Jan. 9, 2024.
Recent News: GoDaddy revealed refinancing of Tranche B-5 term loans.

Analyst: Mark Kelley

Analyst Firm: Stifel
Ratings Accuracy: 87%
Latest Rating: Maintained a Buy rating on Amazon.com, Inc. (NASDAQ:AMZN) and raised the price target from $173 to $175 on Jan. 9, 2024. This analyst sees over 13% upside in the stock.
Recent News: Audible, an Amazon.com division specializing in audiobooks and podcasts, is reducing its workforce by approximately 5% as part of a broader effort to streamline operations and maintain its leadership in audio storytelling.

Analyst: Eric Gonzalez

Analyst Firm: Keybanc
Ratings Accuracy: 85%
Latest Rating: Maintained an Overweight rating on Papa John's International, Inc. (NASDAQ:PZZA) and increased the price target from $75 to $80 on Jan. 11, 2024. This analyst sees around 11% upside in the stock.
Recent News: Papa John's International, during November, posted downbeat earnings for its third quarter.

Analyst: Seth Seifman

Analyst Firm: JP Morgan
Ratings Accuracy: 83%
Latest Rating: Upgraded rating on L3Harris Technologies, Inc. (NYSE:LHX) from Neutral to Overweight with a price target of $240 on Jan. 1, 2024. This analyst sees around 15% surge in the stock.
Recent News: Booz Allen Hamilton is collaborating with L3Harris Technologies on advancing mission system integration capabilities.

Analyst: Quinn Bolton

Analyst Firm: Needham
Ratings Accuracy: 83%
Latest Rating: Maintained a Buy rating on SMART Global Holdings, Inc. (NASDAQ:SGH) and boosted the price target from $22 to $24 on Jan. 10, 2024. This analyst sees around 12% upside in the stock.
Recent News: Smart Global Holdings reported first-quarter adjusted earnings per share of 24 cents which topped estimates of 16 cents.