U.S. stocks closed slightly lower on Friday, though the S&P 500 posted a significant gain of 24.2% for the past year. Meanwhile, the Dow achieved a 13.7% gain, and the Nasdaq Composite soared by 43.4% – marking its best performance since 2020.
In the midst of these statistics, Wall Street analysts constantly introduce new stock picks. Unfortunately, not all of them exhibit compelling expertise in predicting market movements. Each offers diverging opinions, which can confound investors seeking trustworthy guidance.
The Analyst Ratings API from Benzinga delivers high-quality stock ratings, carefully selected by the Benzinga news desk through direct collaborations with major sell-side banks. Providing overnight ratings changes three hours before the U.S. equity market opens, this data serves as a practical trading indicator, according to findings by investment dashboard provider Toggle.ai.
Top Analyst Picks: Within Benzinga’s Analyst Stock Ratings page, individuals can access the latest analyst ratings, with the ability to sort by analyst accuracy. Let’s examine the most recent stock picks from the five most accurate Wall Street analysts, as per Benzinga’s Analyst Stock Ratings.
- Analyst: Sumeet Mody
- Analyst Firm: Piper Sandler
- Ratings Accuracy: 85%
- Latest Rating: Sustained a Neutral rating on Enfusion, Inc. ENFN and raised the price target from $9 to $10 on Dec. 20, 2023. This analyst anticipates a 3% increase in the stock’s value.
- Recent News: In November, Enfusion announced Neal Pawar’s appointment as COO.
- Analyst: Aaron Rakers
- Analyst Firm: Wells Fargo
- Ratings Accuracy: 84%
- Latest Rating: Upheld an Overweight rating on Micron Technology, Inc. MU and raised the price target from $82 to $95 on Dec. 21, 2023. This analyst envisions over an 11% upside in the stock’s value.
- Recent News: Last month, Micron Technology reported mixed first-quarter financial results and issued strong guidance.
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