U.S. stocks settled mixed on Friday, with the S&P 500 settling at a fresh record high level during the session.
The Dow Jones closed lower by around 153 points to 49,499.27 on Friday. The S&P 500 rose 0.29% to 7,230.12, while the Nasdaq Composite gained 0.89% at 25,114.44 during Friday’s session.
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: Asiya Merchant
- Analyst Firm: Citigroup
- Ratings Accuracy: 91%
- Latest Rating: Maintained a Buy rating on Amphenol Corporation (NYSE:APH) and raised the price target from $170 to $180 on April 30. This analyst sees around 26% upside in the stock.
- Recent News: Amphenol, on April 29, reported better-than-expected first-quarter financial results and issued second-quarter adjusted EPS guidance above estimates.
Analyst: Matt Bryson
- Analyst Firm: Wedbush
- Ratings Accuracy: 89%
- Latest Rating: Maintained an Outperform rating on AXT Inc (NASDAQ:AXTI) and raised the price target from $80 to $93 on May 1. This analyst sees around 6% downside in the stock.
- Recent News: On April 30, AXT reported better-than-expected first-quarter financial results and issued second-quarter guidance above estimates.
Analyst: William Stein
- Analyst Firm: Truist Securities
- Ratings Accuracy: 89%
- Latest Rating: Maintained a Buy rating on TTM Technologies Inc (NASDAQ:TTMI) and raised the price target from $115 to $180 on April 30. This analyst sees around 11% jump in the stock.
- Recent News: TTM Technologies, on April 29, reported better-than-expected first-quarter financial results and issued second-quarter guidance above estimates.
Analyst: Aaron Rakers
- Analyst Firm: Wells Fargo
- Ratings Accuracy: 88%
- Latest Rating: Maintained an Overweight rating on Apple Inc (NASDAQ:AAPL) and boosted the price target from $300 to $310 on May 1. This analyst expects around 11% growth in the stock.
- Recent News: Apple, on Thursday, posted better-than-expected fiscal second-quarter earnings and revenue.
Analyst: Cody Acree
- Analyst Firm: Benchmark
- Ratings Accuracy: 88%
- Latest Rating: Maintained a Buy rating on QUALCOMM Incorporated (NASDAQ:QCOM) and raised the price target from $200 to $225 on April 30. This analyst expects around 27% surge in the stock.
- Recent News: On April 29, QUALCOMM reported better-than-expected second-quarter financial results.
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