This Analyst With 84% Accuracy Rate Sees Around 19% Upside In Amazon.com - Here Are 5 Stock Picks For June From Wall Street's Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Benzinga's Analyst Ratings API has identified five stock picks from Wall Street's most accurate analysts. The picks include Snowflake Inc. (SNOW) with a 14% upside, Alphabet Inc. (GOOGL) with a 4% upside, NIKE, Inc. (NKE) with a 16% upside, Transphorm, Inc. (TGAN) with a 32% upside, and Amazon.com, Inc. (AMZN) with a 19% upside.
July 03, 2023 | 11:32 am
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POSITIVE IMPACT
Analyst Rohit Kulkarni from Roth MKM maintains a Buy rating on Amazon.com, Inc. and sees a 19% upside.
The analyst's positive rating and predicted upside, along with Amazon's strategic moves, could positively impact the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Analyst Mark Shmulik from Bernstein downgraded Alphabet Inc. but still sees a 4% upside.
Despite the downgrade, the analyst still sees an upside, which could lead to a positive impact on the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Analyst Rick Patel from Raymond James maintains an Outperform rating on NIKE, Inc. and sees a 16% upside.
Despite a recent EPS miss, the analyst's positive rating and predicted upside could positively impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Analyst William Power from Baird maintains an Outperform rating on Snowflake Inc. and sees a 14% upside.
The analyst's high accuracy rate and the recent partnership with NVIDIA could positively impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Analyst Craig Ellis from B. Riley Securities maintains a Neutral rating on Transphorm, Inc. and sees a 32% upside.
Despite a wider-than-expected loss, the analyst's neutral rating and predicted upside could positively impact the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100