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This Analyst With 85% Accuracy Rate Sees Over 30% Upside In Nvidia – Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts

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This Analyst With 85% Accuracy Rate Sees Over 30% 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 higher on Friday, with the Dow Jones index closed at a fresh record level during the session. Major indices on the Wall Street recorded gains last week, with the Dow gaining around 2% and the S&P 500 adding around 1.7%.

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.

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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: Trevor Walsh

  • Analyst Firm: JMP Securities

  • Ratings Accuracy: 89%

  • Latest Rating: Maintained a Market Outperform rating on Palo Alto Networks, Inc. (NASDAQ:PANW) and raised the price target from $380 to $415 on Nov. 21. This analyst sees more than 8% increase in the stock.

  • Recent News: On Nov. 20, Palo Alto reported first-quarter revenue of $2.14 billion, beating the consensus estimate of $2.12 billion. The cybersecurity company reported quarterly earnings of $1.56 per share, beating analyst estimates of $1.48 per share, according to Benzinga Pro.

Analyst: Chris Kotowski

  • Analyst Firm: Oppenheimer

  • Ratings Accuracy: 86%

  • Latest Rating: Downgraded rating on JPMorgan Chase & Co. (NYSE:JPM) from Outperform to Perform on Nov. 20.

  • Recent News: On Nov. 7, J.P. Morgan Real Estate Income Trust, Inc. disclosed the acquisition of a two-site, three-building logistics and storage portfolio in Tampa and Pinellas Park, Florida, for $25.8 million, excluding closing costs.

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Analyst: Andrew Kaplowitz

  • Analyst Firm: Citigroup

  • Ratings Accuracy: 86%

  • Latest Rating: Maintained a Buy rating on Jacobs Solutions Inc. (NYSE:J) and cut the price target from $166 to $161 on Nov. 20. This analyst sees around 19% upside in the stock.

  • Recent News: On Nov. 19, the company reported fourth-quarter revenue growth of 4.4% year-over-year to $2.96 billion, beating the consensus of $2.368 billion.

Analyst: Zachary Fadem

  • Analyst Firm: Wells Fargo

  • Ratings Accuracy: 86%

  • Latest Rating: Maintained an Equal-Weight rating on Williams-Sonoma, Inc. (NYSE:WSM) and increased the price target from $140 to $165 on Nov. 21. This analyst sees around 4% decline in the stock.

  • Recent News: On Nov. 20, Williams-Sonoma reported better-than-expected third-quarter financial results.

Analyst: Aaron Rakers

  • Analyst Firm: Wells Fargo

  • Ratings Accuracy: 85%

  • Latest Rating: Maintained an Overweight rating on NVIDIA Corporation (NASDAQ:NVDA) and raised the price target from $165 to $185 on Nov. 21. This analyst sees more than 30% upside in the stock.

  • Recent News: In a recent interview, Nvidia CEO Jensen Huang shared his thoughts on the company’s focus on supply as demand remains “incredible,” a development that was a big topic in the company’s recent financial results.

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This article This Analyst With 85% Accuracy Rate Sees Over 30% Upside In Nvidia – Here Are 5 Stock Picks For Last Week From Wall Street’s Most Accurate Analysts originally appeared on Benzinga.com