U.S. stocks closed lower on Friday, with the S&P 500 index snapping its five-week winning rally.
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: Leo Mariani
- Analyst Firm: Roth MKM
- Ratings Accuracy: 90%
- Latest Rating: Reiterated a Buy rating on Civitas Resources, Inc. CIVI with a price target of $74 on June 20, 2023. Mariani sees around 14% upside in the company’s stock.
- Recent News: Civitas Resources inked two definitive deals to acquire oil-producing assets in the Midland and Delaware Basins of west Texas and New Mexico for a combined price of around $4.7 billion.
Analyst: Eric Wold
- Analyst Firm: B. Riley Securities
- Ratings Accuracy: 85%
- Latest Rating: Maintained a Buy rating on Vista Outdoor Inc. VSTO and raised the price target from $41 to $47 on June 20, 2023. This analyst sees around 74% upside in the stock.
- Recent News: Vista Outdoor reported better-than-expected fourth-quarter adjusted EPS and sales results.
Analyst: Philip Gibbs
- Analyst Firm: Keybanc
- Ratings Accuracy: 84%
- Latest Rating: Upgraded rating on Universal Stainless & Alloy Products, Inc. USAP from Sector Weight to Overweight with a price target of $16 on June 20, 2023. This analyst sees around 30% upside in the stock.
- Recent News: Universal Stainless posted upbeat quarterly results.
Analyst: Aaron Rakers
- Analyst Firm: Wells Fargo
- Ratings Accuracy: 83%
- Latest Rating: Maintained an Overweight rating on Pure Storage, Inc. PSTG and raised the price target from $37 to $45 on June 16, 2023. Rakers sees the stock surging over 25%.
- Recent News: Pure Storage reported better-than-expected first-quarter financial results and issued guidance.
Analyst: Jay McCanless
- Analyst Firm: Wedbush
- Ratings Accuracy: 83%
- Latest Rating: Maintained an Outperform rating on KB Home KBH and raised the price target from $55 to $64 on June 22, 2023. This analyst sees around 23% surge in the stock.
- Recent News: KB Home reported better-than-expected second-quarter earnings and issued strong guidance.
Read More: Investor Optimism Declines After US Stocks Record Weekly Loss
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