This Analyst With 86% Accuracy Rate Sees More Than 16% Upside In Intel – Here Are 5 Stock Picks For Last Week From Wall Street’s Most Accurate Analysts

by | Apr 8, 2024 | Markets

U.S. stocks closed higher on Friday, with the Dow Jones index surging more than 300 points during the session. However, all three indices logged losses last week, with the Dow falling 2.27% to record its worst weekly performance in 2024, while the S&P 500 lost 0.95% during the week.

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: Richard Davis

  • Analyst Firm: Canaccord Genuity
  • Ratings Accuracy: 89%
  • Latest Rating: Maintained a Buy rating on HubSpot, Inc. (NYSE:HUBS) and boosted the price target from $700 to $750 on April 5, 2024. This analyst sees around 12% increase in the stock.
  • Recent News: Google is in talks with advisors about making a potential offer to acquire HubSpot, per Reuters.

Analyst: Leo Mariani

  • Analyst Firm: Roth MKM
  • Ratings Accuracy: 89%
  • Latest Rating: Maintained a Buy rating on APA Corporation (NASDAQ:APA) and raised the price target from $37 to $39 on April 2, 2024. This analyst sees around 9% upside in the stock.
  • Recent News: On April 1, APA announced the appointment of Matthew Bob and Anya Weaving to its board of directors.

Analyst: Jay McCanless

  • Analyst Firm: Wedbush
  • Ratings Accuracy: 87%
  • Latest Rating: Downgraded rating on D.R. Horton, Inc. (NYSE:DHI) from Neutral to Underperform with a price target of $130 on April 2, 2024. This analyst sees around 18% downside in the stock.
  • Recent News: D.R. Horton said it will release financial results for its second quarter on April 18, 2024 before the opening bell.

Analyst: Philip Gibbs

  • Analyst Firm: Keybanc
  • Ratings Accuracy: 86%
  • Latest Rating: Maintained an Overweight rating on Worthington Steel, Inc. (NYSE:WS) and increased the price target from $39 to $40 on April 3, 2024. This analyst sees around 12% surge in the stock.
  • Recent News: On March 21, Worthington Steel reported better-than-expected third-quarter financial results.

Analyst: William Stein

  • Analyst Firm: Truist Securities
  • Ratings Accuracy: 86%
  • Latest Rating: Maintained a Hold rating on Intel Corporation (NASDAQ:INTC) with a price target of $45 on April 3, 2024. This analyst sees more than 16% upside in the stock.
  • Recent News: On April 2, Intel outlined a new financial framework for its foundry business.

 

Read More: Jim Cramer: ‘Nothing Terrific’ About GitLab, But Rocket? Time To ‘Ka-Ching, Ka-Ching’

Sponsored Headlines