This Analyst With 88% Accuracy Rate Sees Around 31% Upside In Nvidia - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts

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U.S. stocks settled mostly higher on Friday, with the Nasdaq index settling at a fresh record high during the session.

The tech-heavy Nasdaq also outperformed last week recording a gain of 1.41%. However, the Dow Jones index declined 2.33% last week, recording its first negative week in five.

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: Hans Mosesmann

  • Analyst Firm: Rosenblatt
  • Ratings Accuracy: 88%
  • Latest Rating: Maintained a Buy rating on NVIDIA Corporation NVDA with a price target of $1,400 on May 23. This analysts sees around 31% upside in the stock.
  • Recent News: On May 22, NVIDIA reported better-than-expected financial results for its first quarter and issued strong guidance for the second quarter. The company announced a 10-for-1 stock split and raised its quarterly dividend by 150%..

Analyst: William Stein

  • Analyst Firm: Truist Securities
  • Ratings Accuracy: 87%
  • Latest Rating: Maintained a Buy rating on Analog Devices, Inc. ADI and increased the price target from $222 to $275 on May 23. This analyst sees around 18% upside in the stock.
  • Recent News: On May 22, Analog Devices posted better-than-expected second-quarter financial results.

Analyst: Mark Kelley

  • Analyst Firm: Stifel
  • Ratings Accuracy: 87%
  • Latest Rating: Maintained a Hold rating on Nexxen International Ltd. NEXN and raised the price target from $5.5 to $6 on May 21. This analyst sees around 4% downside in the stock.
  • Recent News: On May 20, Nexxen International posted better-than-expected quarterly sales.

Analyst: William Power

  • Analyst Firm: Baird
  • Ratings Accuracy: 86%
  • Latest Rating: Maintained an Outperform rating on Zoom Video Communications, Inc. ZM and cut the price target from $90 to $84 on May 21. This analyst sees about 32% gain in the stock.
  • Recent News: On May 20, Zoom Video Communications reported stronger-than-expected earnings for its first quarter.

Analyst: Lauren Silberman

  • Analyst Firm: Deutsche Bank
  • Ratings Accuracy: 86%
  • Latest Rating: Maintained a Buy rating on Sysco Corporation SYY and cut the price target from $90 to $86 on May 23. This analyst sees over 18% upside in the stock.
  • Recent News: On May 22, Sysco announced updates amid its investor day presentation.

Read More: Jim Cramer Says This Basic Materials Stock Is ‘Too Dicey,’ Shares His Take On Arista Networks

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