This Analyst With 84% Accuracy Rate Sees Around 22% Upside In NVIDIA - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Wall Street analysts with high accuracy rates have made recent stock picks with varying price targets. Stifel's Mark Kelley sees a 21% surge in Meta Platforms (META), while Wells Fargo's Zachary Fadem predicts an 18% upside for Advance Auto Parts (AAP) despite a recent loss. JP Morgan's Doug Anmuth maintains a Neutral rating on GoodRx (GDRX) with an 11% upside, and Wedbush's Matt Bryson reiterates an Outperform rating on NVIDIA (NVDA) with a 22% upside. B. Riley Securities' Craig Ellis maintains a Neutral rating on Kulicke and Soffa (KLIC) with an 11% upside after strong earnings.
November 20, 2023 | 12:12 pm
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Wells Fargo's Zachary Fadem maintained an Equal-Weight rating on Advance Auto Parts and cut the price target from $70 to $60, seeing an 18% upside.
The price target cut reflects caution, but the maintained rating and predicted upside indicate a potential positive short-term impact.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
JP Morgan's Doug Anmuth has a Neutral rating on GoodRx with a lowered price target of $6, but still sees an 11% upside.
The modest upside prediction and Neutral rating imply a cautiously optimistic short-term impact on GDRX's stock price.
CONFIDENCE 84
IMPORTANCE 65
RELEVANCE 70
POSITIVE IMPACT
B. Riley Securities' Craig Ellis has a Neutral rating on Kulicke and Soffa but raised the price target to $56, seeing an 11% upside.
The raised price target following strong earnings could positively influence KLIC's stock in the short term, despite the Neutral rating.
CONFIDENCE 84
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
Stifel analyst Mark Kelley reiterated a Buy rating on Meta Platforms with a price target of $405, indicating a 21% potential upside.
The high accuracy rate of the analyst and the significant potential upside suggest a positive short-term impact on META's stock price.
CONFIDENCE 87
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Wedbush analyst Matt Bryson reiterated an Outperform rating on NVIDIA with a price target of $600, forecasting a 22% upside.
The Outperform rating and significant upside potential, along with the Gates Foundation's investment, suggest a strong short-term positive impact.
CONFIDENCE 84
IMPORTANCE 90
RELEVANCE 95