This Analyst With 85% Accuracy Rate Sees More Than 42% Upside In Amazon.com - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Five of Wall Street's most accurate analysts have made new stock picks. Subash Chandra from Benchmark maintained a Buy rating on Permian Resources Corporation (PR) and raised the price target from $14 to $16. Mark Kelley from Stifel initiated coverage on eBay Inc. (EBAY) with a Hold rating and a price target of $46. Lloyd Walmsley from UBS maintained a Buy rating on Amazon.com, Inc. (AMZN) and cut the price target from $180 to $178. Justin Post from B of A Securities initiated coverage on Instacart (CART) with a Neutral rating and a price target of $30. Ross Seymore from Deutsche Bank downgraded MaxLinear, Inc. (MXL) from Buy to Hold with a price target of $23.
October 23, 2023 | 9:48 am
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POSITIVE IMPACT
UBS analyst Lloyd Walmsley maintained a Buy rating on Amazon.com, Inc. (AMZN) and cut the price target from $180 to $178.
Despite the slight decrease in price target, the maintained Buy rating indicates the analyst's continued positive outlook on the stock, which could lead to an increase in its price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Benchmark analyst Subash Chandra maintained a Buy rating on Permian Resources Corporation (PR) and raised the price target from $14 to $16.
The raised price target indicates the analyst's positive outlook on the stock, which could lead to an increase in its price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
B of A Securities analyst Justin Post initiated coverage on Instacart (CART) with a Neutral rating and a price target of $30.
The Neutral rating suggests that the analyst believes the stock is fairly valued at its current price, indicating a neutral impact on the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Stifel analyst Mark Kelley initiated coverage on eBay Inc. (EBAY) with a Hold rating and a price target of $46.
The Hold rating suggests that the analyst believes the stock is fairly valued at its current price, indicating a neutral impact on the stock price.
CONFIDENCE 86
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Deutsche Bank analyst Ross Seymore downgraded MaxLinear, Inc. (MXL) from Buy to Hold with a price target of $23.
The downgrade from Buy to Hold suggests that the analyst believes the stock may not have much upside potential from its current price, which could lead to a decrease in its price.
CONFIDENCE 84
IMPORTANCE 80
RELEVANCE 100