This Analyst With 88% Accuracy Rate Sees Over 20% Upside In Marvell Technology - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts

All the three major stock indices on the Wall Street jumped over 1% on Friday, with the tech-heavy Nasdaq rising around 2% on the last trading day of the 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: Chris Caso

  • Analyst Firm: Credit Suisse
  • Ratings Accuracy: 88%
  • Latest Rating: Maintained an Outperform rating on Marvell Technology, Inc. MRVL on March 3, 2023, and cut the price target from $56 to $53. Caso sees over 20% upside in the company’s stock.
  • Recent News: Marvell reported mixed Q4 results and issued Q1 EPS guidance below estimates.

Analyst: Mark Kelley

  • Analyst Firm: JMP Securities
  • Ratings Accuracy: 87%
  • Latest Rating: Reiterated a Market Outperform rating on ACV Auctions Inc. ACVA with a price target of $14 on March 3, 2023. Kelley sees around 15% surge in the stock.
  • Recent News: ACV Auctions reported better-than-expected Q4 EPS and issued strong Q1 revenue guidance.

Analyst: William Power

  • Analyst Firm: Baird
  • Ratings Accuracy: 87%
  • Latest Rating: Maintained an Outperform rating for Axon Enterprise, Inc. AXON on March 1, 2023, and raised the price target from $200 to $237. This analyst expects around 7% surge in the company’s stock.
  • Recent News: Axon Enterprise reported better-than-expected Q4 results.

Analyst: Zachary Fadem

  • Analyst Firm: Wells Fargo
  • Ratings Accuracy: 86%
  • Latest Rating: Maintained an Overweight rating on National Vision Holdings, Inc. EYE on March 2, 2023, and cut the price target from $44 to $30. Fadem sees the stock gaining over 34%.
  • Recent News: National Vision reported worse-than-expected Q4 adjusted EPS and sales results and issued guidance.

Analyst: Hans Mosesmann

  • Analyst Firm: Rosenblatt
  • Ratings Accuracy: 85%
  • Latest Rating: Reiterated a Buy rating on Broadcom Inc. AVGO on March 3, 2023, with a price target of $775. This analyst sees around 22% gain in the stock.
  • Recent News: Broadcom reported better-than-expected Q1 results and issued Q2 revenue guidance above estimates.

Read More: Top 5 Real Estate Stocks That Are Set To Fly In March

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Posted In: Long IdeasNewsPrice TargetSmall CapPre-Market OutlookMarketsAnalyst RatingsTrading IdeasExpert IdeasWall Street's Most Accurate Analysts
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