This Analyst With 84% Accuracy Rate Sees More Than 6% Upside In Starbucks - 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. Chris Caso of Wolfe Research upgraded Microchip Technology (MCHP) with a 17% upside. Patrick Brown of Raymond James maintained CSX Corporation (CSX) with an 86% upside. Frank Schiraldi of Piper Sandler maintained M&T Bank (MTB) with a 9% upside. Matt Bryson of Wedbush reiterated a Neutral rating on Super Micro Computer (SMCI) with a 42% downside. Brian Mullan of Piper Sandler maintained Starbucks (SBUX) with over a 6% upside. These ratings come as the S&P 500 hits an all-time high and all major indices are positive for 2024.
January 22, 2024 | 11:43 am
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POSITIVE IMPACT
Patrick Brown maintained an Outperform rating on CSX Corporation and raised the target from $35 to $38, seeing an 86% upside.
The maintained Outperform rating and raised price target by a top analyst could lead to increased investor confidence and potential stock price growth.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Chris Caso upgraded Microchip Technology to Outperform with a target of $105, indicating a 17% upside.
The upgrade by a high-accuracy analyst suggests a strong bullish sentiment, which could positively influence investor perception and the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Frank Schiraldi maintained an Overweight rating on M&T Bank and cut the price target from $156 to $152, seeing a 9% upside.
Despite cutting the price target, the Overweight rating and the upside prediction could still signal a positive outlook for the stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Brian Mullan maintained a Neutral rating on Starbucks and cut the price target from $107 to $100, seeing over a 6% upside.
The price target cut could temper expectations, but the continued Neutral rating and upside prediction may still support a modestly positive short-term impact.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
Matt Bryson reiterated a Neutral rating on Super Micro Computer with a $250 target, anticipating a 42% downside.
The Neutral rating and significant anticipated downside suggest that the stock may face short-term price pressure.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90