This Analyst With 84% Accuracy Rate Sees Around 45% Upside In NVIDIA - Here Are 5 Stock Picks For November From Wall Street's Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Wall Street analysts have made new stock picks, with the most accurate analysts according to Benzinga Analyst Stock Ratings providing updates. Zachary Fadem of Wells Fargo maintained an Overweight rating on RH with a reduced price target. Aaron Rakers, also from Wells Fargo, maintained an Overweight rating on NVIDIA and increased the price target, predicting a 45% stock surge. Matt Bryson of Wedbush maintained an Outperform rating on Pure Storage with a reduced price target. William Stein of Truist Securities maintained a Buy rating on Analog Devices with a lowered price target. Brian Mullan of Piper Sandler maintained a Neutral rating on Chuy's Holdings with a decreased price target. The Dow Jones rose significantly in November, and these stock picks reflect the analysts' expectations for future performance.
December 01, 2023 | 10:17 am
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POSITIVE IMPACT
William Stein of Truist Securities maintains a Buy rating on Analog Devices with a price target cut from $213 to $206, predicting a 12% upside.
The slight price target reduction suggests minor adjustments to expectations, while the Buy rating indicates continued optimism for the stock's performance.
CONFIDENCE 84
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Brian Mullan of Piper Sandler maintains a Neutral rating on Chuy's Holdings with a price target cut from $42 to $39, expecting an 11% surge.
The Neutral rating combined with a modest price target decrease suggests a cautious but slightly positive outlook for Chuy's Holdings.
CONFIDENCE 84
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Aaron Rakers of Wells Fargo maintains an Overweight rating on NVIDIA and increases the price target from $600 to $675, predicting a 45% upside.
The substantial increase in NVIDIA's price target and the recent strong earnings report contribute to a highly positive short-term outlook for the stock.
CONFIDENCE 84
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Matt Bryson of Wedbush maintains an Outperform rating on Pure Storage with a price target cut from $45 to $40, seeing over a 20% upside.
The price target cut reflects tempered expectations, but the maintained Outperform rating indicates a belief in the stock's potential for growth.
CONFIDENCE 84
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Zachary Fadem of Wells Fargo maintains an Overweight rating on RH with a price target cut from $375 to $335, seeing over a 24% surge.
The price target reduction reflects a more conservative outlook, yet the Overweight rating suggests confidence in RH's potential to grow, indicating a positive short-term impact.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90