This Analyst With 85% Accuracy Rate Sees Around 24% Upside In Western Digital - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Wall Street analysts with high accuracy rates have made recent stock picks with varying price targets. Jay McCanless of Wedbush sees an 18% downside in D.R. Horton (DHI), while William Stein of Truist Securities maintains a Hold on Tesla (TSLA) with a 5% upside. Matt Bryson, also of Wedbush, reiterates a Neutral on Seagate Technology (STX) with an 11% upside. Aaron Rakers of Wells Fargo maintains an Overweight on Western Digital (WDC) with a 24% surge expected. Lastly, Philip Gibbs of Keybanc maintains an Overweight on Materion Corporation (MTRN) with a 21% upside.
January 29, 2024 | 11:35 am
News sentiment analysis
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NEGATIVE IMPACT
Jay McCanless of Wedbush reiterated a Neutral rating on D.R. Horton with an 18% downside, despite the company's Q1 sales growth.
The negative outlook from a highly accurate analyst, despite positive sales growth, could lead to bearish sentiment in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Philip Gibbs of Keybanc maintains an Overweight on Materion Corporation with a 21% upside, following better-than-expected Q3 earnings.
The positive outlook and recent earnings beat could contribute to a bullish short-term trend.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
Matt Bryson of Wedbush reiterates a Neutral on Seagate Technology with an 11% upside, following earnings that surpassed estimates.
Positive earnings could lead to a short-term uptick, but the neutral rating indicates limited movement.
CONFIDENCE 86
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
William Stein of Truist Securities maintains a Hold on Tesla with a 5% upside, after the company reported worse-than-expected Q4 results.
The modest upside potential suggests a cautious optimism that may not significantly move the stock in the short term.
CONFIDENCE 87
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Aaron Rakers of Wells Fargo maintains an Overweight on Western Digital with a 24% surge expected, as the company beat adjusted loss estimates.
A significant expected surge based on beating loss estimates could drive strong short-term bullish sentiment.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 95