This Analyst With 83% Accuracy Rate Sees Over 25% Upside In Alibaba - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Five top Wall Street analysts with high accuracy rates have made new stock picks. Sean Eastman from Keybanc sees a 19% upside in Tetra Tech (TTEK), Rick Patel from Raymond James downgraded Capri Holdings (CPRI) due to its acquisition by Tapestry (TPR), Eric Wold from B. Riley Securities sees a 21% upside in Six Flags Entertainment (SIX), Colin Sebastian from Baird sees over 25% upside in Alibaba Group (BABA), and Jay McCanless from Wedbush sees a 69% upside in GEO Group (GEO).
August 14, 2023 | 11:11 am
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Analyst Rick Patel from Raymond James downgraded Capri Holdings due to its acquisition by Tapestry.
The downgrade is likely due to uncertainties and potential challenges related to the acquisition process.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Analyst Colin Sebastian from Baird maintains an Outperform rating on Alibaba Group and sees over 25% upside in the stock.
The positive outlook is likely due to the company's strong Q1 revenue growth, which beat consensus estimates.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Analyst Jay McCanless from Wedbush maintains an Outperform rating on GEO Group and sees a 69% upside in the stock.
The analyst's positive outlook is likely due to the company's strong Q2 financial results.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Analyst Eric Wold from B. Riley Securities maintains a Neutral rating on Six Flags Entertainment and sees a 21% upside in the stock.
Despite the company's missed sales consensus, the analyst still sees potential for stock growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Analyst Sean Eastman from Keybanc maintains an Overweight rating on Tetra Tech and sees a 19% upside in the stock.
The analyst's high accuracy rate and the company's better-than-expected Q3 results contribute to the positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100