This Analyst With 84% Accuracy Rate Sees Over 19% Upside In Dell Technologies - 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 new stock picks, with one analyst predicting over 19% upside for Dell Technologies (DELL). Keybanc's Philip Gibbs sees an 18% surge in ATI Inc. (ATI), Wells Fargo's Zachary Fadem predicts an 18% upside for RH (RH), Oppenheimer's Brian Bittner expects a 10% rise in McDonald's Corporation (MCD), and Wedbush's Matt Bryson forecasts a 19% increase for Pure Storage, Inc. (PSTG). These ratings are based on recent financial news and earnings reports for the respective companies.
December 04, 2023 | 12:19 pm
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POSITIVE IMPACT
Philip Gibbs of Keybanc maintains an Overweight rating on ATI Inc. and raises the price target from $48 to $49, seeing an 18% stock surge.
ATI's revenue targets for 2025 and 2027 suggest growth potential, which, along with the analyst's high accuracy rate, may positively influence the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Aaron Rakers of Wells Fargo maintains an Overweight rating on Dell Technologies with a price target increase from $80 to $85, anticipating over 19% stock upside.
The positive outlook from a high-accuracy analyst, combined with Dell's upbeat earnings, could lead to increased investor confidence and a potential short-term stock price increase.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Brian Bittner of Oppenheimer reiterates an Outperform rating on McDonald's with a price target of $315, seeing more than a 10% upside.
McDonald's acquisition of Carlyle Group’s stake in its China business could drive growth, aligning with the analyst's positive prediction.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Matt Bryson of Wedbush maintains an Outperform rating on Pure Storage but cuts the price target from $45 to $40, anticipating a 19% surge.
Despite weak top-line results and lower guidance, the analyst's high accuracy and maintained Outperform rating could suggest confidence in a rebound.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Zachary Fadem of Wells Fargo maintains an Overweight rating on RH but cuts the price target from $375 to $335, expecting an 18% upside.
RH's recent sales beat estimates, which may counterbalance the price target cut and support the analyst's positive stock outlook.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80