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

U.S. stocks settled lower on Friday, with the Nasdaq Composite falling more than 200 points during the session. The S&P 500 recorded losses for the third straight session, but recorded a gain for January.

The Dow Jones closed lower by around 179 points to 48,892.47 on Friday. The S&P 500 fell 0.43% to 6,939.03, while the Nasdaq Composite dipped 0.94% at 23,461.82 during Friday's session.

The S&P 500 gained 1.4%, while the Dow added 1.7%, for January. The Nasdaq recorded a monthly gain of 1%.

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: Matthew Prisco

• Analyst Firm: Cantor Fitzgerald
• Ratings Accuracy: 90%
• Latest Rating: Maintained a Neutral rating on Texas Instruments Inc (NASDAQ:TXN) and raised the price target from $190 to $225 on Jan. 28. This analyst sees around 5% upside in the stock.
• Recent News: On Jan. 27, Texas Instruments reported fourth-quarter revenue of $4.42 billion, missing analyst estimates of $4.44 billion. The company reported fourth-quarter earnings of $1.27 per share, missing analyst estimates of $1.30 per share, according to Benzinga Pro.

Analyst: Heiko F. Ihle

• Analyst Firm: HC Wainwright & Co.
• Ratings Accuracy: 89%
• Latest Rating: Maintained a Buy rating on DRDGOLD Ltd (NYSE:DRD) and raised the price target from $36.25 to $46.5 on Jan. 30. This analyst sees around 47% upside in the stock.
• Recent News: Precious metal stocks traded lower on Friday after President Trump nominated Kevin Warsh for Fed Chair.

Analyst: Asiya Merchant

• Analyst Firm: Citigroup
• Ratings Accuracy: 89%
• Latest Rating: Maintained a Buy rating on Seagate Technology Holdings PLC (NASDAQ:STX) and increased the price target from $385 to $460 on Jan. 29. This analyst sees around 12% gain in the stock.
• Recent News: On Jan. 27, Seagate reported quarterly earnings of $3.11 per share, which beat the analyst consensus estimate of $2.81, according to data from Benzinga Pro.

Analyst: Ruben Roy

• Analyst Firm: Stifel
• Ratings Accuracy: 88%
• Latest Rating: Maintained a Hold rating on Plexus Corp (NASDAQ:PLXS) and increased the price target from $150 to $200 on Jan. 30. This analyst expects around 0.3% gain in the stock.
• Recent News: On Jan. 28, Plexus posted mixed quarterly results.

Analyst: William Stein

• Analyst Firm: Truist Securities
• Ratings Accuracy: 87%
• Latest Rating: Maintained a Hold rating on Tesla Inc (NASDAQ:TSLA) and cut the price target from $439 to $438 on Jan. 29. This analyst expects around 2% rise in the stock.
• Recent News: On Jan. 28, Tesla reported better-than-expected fourth-quarter financial results and announced plans to unveil Gen 3 version of Optimus in the first quarter.

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