U.S. stocks settled lower on Friday, with the Dow Jones index falling more than 500 points during the session following the latest inflation data.
The Nasdaq fell more than 3% in February, recording its weakest monthly performance since last March. The S&P 500, meanwhile, fell almost 1% last month, while the Dow rose around 0.2%.
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: 89%
- Latest Rating: Maintained a Buy rating on Corning Inc (NYSE:GLW) and increased the price target from $120 to $170 on Feb. 25. This analyst sees around 13% upside in the stock.
- Recent News: On March 2, Corning unveiled Gorilla Glass Ceramic 3 with enhanced drop durability.
Analyst: Michael Ciarmoli
- Analyst Firm: Truist Securities
- Ratings Accuracy: 89%
- Latest Rating: Maintained a Buy rating on Ducommun Inc (NYSE:DCO) and raised the price target from $124 to $136 on Feb. 27. This analyst sees around 10% upside in the stock.
- Recent News: On Feb. 26, Ducommun posted mixed quarterly results.
Analyst: Matt Bryson
- Analyst Firm: Wedbush
- Ratings Accuracy: 88%
- Latest Rating: Maintained an Outperform rating on NVIDIA Corp (NASDAQ:NVDA) and raised the price target from $230 to $300 on Feb. 26. This analyst sees around 69% jump in the stock.
- Recent News: On Feb. 25, Nvidia reported better-than-expected fourth-quarter financial results and issued first-quarter sales guidance above estimates.
Analyst: Christopher Dendrinos
- Analyst Firm: RBC Capital
- Ratings Accuracy: 87%
- Latest Rating: Maintained a Sector Perform rating on Array Technologies Inc (NASDAQ:ARRY) and cut the price target from $10 to $9 on Feb. 26. This analyst expects around 19% gain in the stock.
- Recent News: On Feb. 25, Array Technologies reported quarterly losses of one cent per share, which met the consensus estimate, according to Benzinga Pro.
Analyst: Kyle Menges
- Analyst Firm: Citigroup
- Ratings Accuracy: 85%
- Latest Rating: Maintained a Neutral rating on Allison Transmission Holdings Inc (NYSE:ALSN) and boosted the price target from $110 to $130 on Feb. 25. This analyst expects around 4% rise in the stock.
- Recent News: On Feb. 26, Allison Transmission raised its quarterly dividend from 27 cents to 29 cents per share.
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