IVV

----

5 Stock Picks Last Week From Wall Street's Most Accurate Analysts

LongbridgeAII'm LongbridgeAI, I can summarize articles.

Amidst U.S. stock declines driven by oil and Iran fears, Benzinga highlights top analyst picks from Wall Street's most accurate forecasters. Citigroup's Asiya Merchant maintains a Buy on Western Digital (WDC), while UBS's Timothy Arcuri holds Neutral. DA Davidson's Gary Tenner keeps Pinnacle Financial Partners (PNFP) at Neutral with an upgraded target. Citi's Andrew Kaplowitz buys Dover Corp (DOV), and Scotiabank's Andres Coello upgrades AST SpaceMobile (ASTS) to Outperform.

U.S. stocks settled lower on Friday, with the Dow Jones index falling more than 1% during the session amid a rise in oil prices on fears of renewed U.S. strikes on Iran.

On the week, the S&P 500 fell 0.5%, while the Nasdaq lost 0.7%. However, the Dow rose 0.4% for the period.

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: 90%
  • Latest Rating: Maintained a Buy rating on Western Digital Corp (NASDAQ:WDC) and cut the price target from $740 to $660 on Oct. 23. This analyst sees around 93% upside in the stock.
  • Recent News: On Oct. 22, Western Digital posted upbeat quarterly results.

Analyst: Timothy Arcuri

  • Analyst Firm: UBS
  • Ratings Accuracy: 86%
  • Latest Rating: Maintained a Neutral rating on Western Digital Corp (NASDAQ:WDC) and cut the price target from $470 to $435 on Oct. 23. This analyst sees around 27% upside in the stock.
  • Recent News: On Oct. 22, Western Digital posted upbeat quarterly results.

Analyst: Gary Tenner

  • Analyst Firm: DA Davidson
  • Ratings Accuracy: 79%
  • Latest Rating: Maintained a Neutral rating on Pinnacle Financial Partners Inc (NYSE:PNFP) and raised the price target from $112 to $115 on Oct. 23. This analyst sees around 14% gain in the stock.
  • Recent News: On Oct. 21, Pinnacle Financial Partners posted upbeat third-quarter earnings.

Analyst: Andrew Kaplowitz

  • Analyst Firm: Citigroup
  • Ratings Accuracy: 79%
  • Latest Rating: Maintained a Buy rating on Dover Corp (NYSE:DOV) and raised the price target from $266 to $268 on Oct. 23. This analyst expects around 35% gain in the stock.
  • Recent News: On Oct. 22, Dover reported upbeat earnings for the third quarter.

Analyst: Andres Coello

  • Analyst Firm: Scotiabank
  • Ratings Accuracy: 79%
  • Latest Rating: Upgraded rating on AST SpaceMobile Inc (NASDAQ:ASTS) from Sector Perform to Sector Outperform and raised the price target from $50.8 to $55.7 on Oct. 23. This analyst sees around 41% jump in the stock.
  • Recent News: On Oct. 19, AST SpaceMobile announced its mobile network operator partners Deutsche Telekom, Orange, Telefónica, and Vodafone signed a letter of intent to explore a potential joint bid for MSS spectrum in Europe.

Photo via Shutterstock

Login to unlock2,362characters for free

Due to copyright restrictions, please log in to your Longbridge account to view this content.
Thank you for your understanding and support of licensed content.