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Insightful Analysis of Top Analyst Picks in the Stock Market Insightful Analysis of Top Picks in the Stock Market by Leading Analysts

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U.S. stocks closed mostly lower on Friday. Yet all three major indices registered gains last week, with the S&P 500 up about 2.3% and the Dow adding approximately 2%, marking its best week since December.

Analysts on Wall Street issue new stock picks daily. Sadly, not all analysts boast impressive track records in predicting market movements. Even for a single stock, ratings and price targets can vary significantly, leaving investors in a quandary about whose opinion to heed.

Benzinga’s Analyst Ratings API aggregates top-quality stock ratings curated by partnerships with major sell-side banks. Data specialists at Toggle.ai recently revealed that the analyst insights provided to Benzinga Pro subscribers and readers can serve as successful trading indicators to outperform the stock market.

Top Analyst Picks: Access to the latest analyst ratings is available to any Benzinga reader on the Analyst Stock Ratings page. Traders can filter through Benzinga’s vast database of analyst ratings based on accuracy. Here’s a glimpse into the most recent stock picks from each of the five most precise Wall Street analysts, according to Benzinga Analyst Stock Ratings.

  • Analyst: Brian Bittner
  • Analyst Firm: Oppenheimer
  • Ratings Accuracy: 88%
  • Latest Rating: Maintained an Outperform rating on Shake Shack Inc. SHAK and raised the price target from $108 to $120 on March 22, 2024. This analyst projects a 10% increase in the stock.
  • Recent News: Shake Shack appointed Rob Lynch as Chief Executive Officer and board member, effective May 20, 2024.

Analyst: Keith Hughes

  • Analyst Firm: Truist Securities
  • Ratings Accuracy: 88%
  • Latest Rating: Reiterated a Hold rating on Core & Main, Inc. CNM with a price target of $38 on March 20, 2024. This analyst foresees a 35% downside in the stock.
  • Recent News: Core & Main reported strong sales results for its fourth quarter on March 19.

Analyst: Matt Bryson

  • Analyst Firm: Wedbush
  • Ratings Accuracy: 86%
  • Latest Rating: Reiterated an Outperform rating on NVIDIA Corporation NVDA with a price target of $1,000 on March 19, 2024. This analyst anticipates a 6% upside in the stock.
  • Recent News: NVIDIA unveiled new products and partnerships during its GTC artificial intelligence event on March 18.

Analyst: Lauren Silberman

  • Analyst Firm: Deutsche Bank
  • Ratings Accuracy: 86%
  • Latest Rating: Maintained a Buy rating on Chipotle Mexican Grill, Inc. CMG and raised the price target from $3,100 to $3,300 on March 20, 2024. This analyst envisions a 15% surge in the stock.
  • Recent News: Chipotle Mexican Grill announced its first-ever stock split last week.

Analyst: Aaron Rakers

  • Analyst Firm: Wells Fargo
  • Ratings Accuracy: 85%
  • Latest Rating: Maintained an Overweight rating on Micron Technology, Inc. MU and raised the price target from $125 to $135 on March 21, 2024. This analyst foresees around a 23% upside in the stock.
  • Recent News: Micron Technology reported strong results for its fiscal second quarter last week.

 

Read More: Top 5 Consumer Stocks That May Crash This Month

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