U.S. stocks settled mixed on Thursday, with the Dow Jones index falling around 0.1% during the session following recent comments from President Donald Trump. Meanwhile, Iran is reportedly drafting a monitoring protocol with Oman for the Strait of Hormuz.
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: Michael Ciarmoli
- Analyst Firm: Truist Securities
- Ratings Accuracy: 86%
- Latest Rating: Maintained a Hold rating on York Space Systems Inc (NYSE:YSS) and slashed the price target from $30 to $26 on March 30. This analyst sees around 10% downside in the stock.
- Recent News: On March 19, York Space Systems posted downbeat fourth-quarter sales.
Analyst: Brian Brophy
- Analyst Firm: Stifel
- Ratings Accuracy: 85%
- Latest Rating: Maintained a Buy rating on Legence Corp (NASDAQ:LGN) and increased the price target from $58 to $60 on March 31. This analyst sees around 2% upside in the stock.
- Recent News: On March 27, Legence posted a fourth-quarter loss of 55 cents per share.
Analyst: Mike Genovese
- Analyst Firm: Rosenblatt
- Ratings Accuracy: 84%
- Latest Rating: Maintained a Buy rating on Calix Inc (NYSE:CALX) with a price target of $70 on March 31. This analyst sees around 51% jump in the stock.
- Recent News: Calix said it will post first quarter results and host earnings call on April 21.
Analyst: Atif Malik
- Analyst Firm: Citigroup
- Ratings Accuracy: 84%
- Latest Rating: Maintained a Buy rating on Micron Technology Inc (NASDAQ:MU) and lowered the price target from $510 to $425 on March 31. This analyst expects around 17% gain in the stock.
- Recent News: On March 31, Micron announced the pricing of the cash tender offers for any and all of certain outstanding senior notes.
Analyst: Samik Chatterjee
- Analyst Firm: JP Morgan
- Ratings Accuracy: 84%
- Latest Rating: Initiated coverage on Seagate Technology Holdings PLC (NASDAQ:STX) with an Overweight rating and a price target of $525 on March 30. This analyst expects around 22% rise in the stock.
- Recent News: On Feb. 19, Seagate announced closing of exchanges with holders of $600 million principal amount of exchangeable notes.
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