This Analyst With 83% Accuracy Rate Sees Around 17% Upside In Micron Technology - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Wall Street analysts have made recent stock picks with varying accuracy rates. Keybanc's Eric Gonzalez sees a 16% surge in Dine Brands Global (DIN), Truist Securities' William Stein predicts a 10% upside in Amphenol Corporation (APH), B. Riley Securities' Craig Ellis forecasts a 20% upside in Amkor Technology (AMKR), Wolfe Research's Myles Walton expects a 2% downside in Northrop Grumman (NOC), and B of A Securities' Vivek Arya anticipates a 17% surge in Micron Technology (MU). These ratings are based on recent financial reports and company developments.
December 18, 2023 | 12:39 pm
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NEGATIVE IMPACT
Myles Walton of Wolfe Research downgrades Northrop Grumman from Peer Perform to Underperform with a price target of $450, indicating a 2% downside.
The downgrade by a highly accurate analyst, despite recent product developments, could lead to a short-term negative impact on NOC's stock price.
CONFIDENCE 84
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Craig Ellis of B. Riley Securities maintains a Buy rating on Amkor Technology, increasing the price target from $35 to $40, with an expected 20% upside.
The announcement of a new facility for Apple and the analyst's high accuracy rate may drive AMKR's stock price up in the short term.
CONFIDENCE 84
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
William Stein of Truist Securities maintains a Buy rating on Amphenol Corporation, with a price target increase from $97 to $109, seeing a 10% upside.
The raised price target and maintained Buy rating by a reputable analyst could positively influence APH's stock price in the short term.
CONFIDENCE 84
IMPORTANCE 75
RELEVANCE 90
POSITIVE IMPACT
Eric Gonzalez of Keybanc maintains an Overweight rating on Dine Brands Global, with a price target increase from $55 to $57, predicting a 16% stock surge.
The positive outlook from a high-accuracy analyst could lead to increased investor confidence and a potential short-term price increase for DIN.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Vivek Arya of B of A Securities upgrades Micron Technology from Neutral to Buy, raising the price target from $77 to $95, expecting a 17% stock surge.
The upgrade and significant price target increase by an analyst with a strong track record could significantly boost investor sentiment and MU's stock price.
CONFIDENCE 83
IMPORTANCE 90
RELEVANCE 100