U.S. stocks settled mostly lower on Friday, with the Nasdaq Composite falling more than 100 points during the session after Federal Reserve Chair Kevin Warsh used his first Jackson Hole speech to tell investors that the inflation fight is far from over.
The S&P 500 gained 0.5% last week, while the Nasdaq added 0.9%. The Dow also recorded a weekly gain of 0.5%.
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: Craig Ellis
- Analyst Firm: B. Riley Securities
- Ratings Accuracy: 84%
- Latest Rating: Maintained a Buy rating on Marvell Technology Inc (NASDAQ:MRVL) and cut the price target from $345 to $315 on Aug. 28. This analyst sees around 45% upside in the stock.
- Recent News: On Aug. 27, Marvell Technology Inc reported better-than-expected financial results for the second quarter.
Analyst: Rob Owens
- Analyst Firm: Piper Sandler
- Ratings Accuracy: 82%
- Latest Rating: Maintained a Neutral rating on SentinelOne, Inc. (NYSE:S) and raised the price target from $15 to $20 on Aug. 28. This analyst sees around 7% downside in the stock.
- Recent News: On Aug. 27, SentinelOne reported upbeat second-quarter financial results, but lowered its FY27 adjusted EPS guidance below estimates.
Analyst: Rick Schafer
- Analyst Firm: Oppenheimer
- Ratings Accuracy: 81%
- Latest Rating: Maintained an Outperform rating on Marvell Technology Inc (NASDAQ:MRVL) and increased the price target from $300 to $325 on Aug. 28. This analyst expects around 50% gain in the stock.
- Recent News: On Aug. 27, Marvell Technology Inc reported better-than-expected financial results for the second quarter.
Analyst: Dave Kang
- Analyst Firm: B. Riley Securities
- Ratings Accuracy: 81%
- Latest Rating: Maintained a Buy rating on Aviat Networks, Inc. (NASDAQ:AVNW) and increased the price target from $28 to $33 on Aug. 28. This analyst expects around 65% surge in the stock.
- Recent News: On Aug. 27, Aviat Networks reported better-than-expected earnings for the fourth quarter.
Analyst: Christopher Dendrinos
- Analyst Firm: RBC Capital
- Ratings Accuracy: 80%
- Latest Rating: Maintained an Outperform rating on Standard Nuclear, Inc. (NYSE:STDN) and increased the price target from $11 to $13 on Aug. 28. This analyst sees around 10% decline in the stock.
- Recent News: On Aug. 26, Standard Nuclear posted mixed quarterly results.
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