This Analyst With 87% Accuracy Rate Sees Around 20% Upside In Twilio - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts have made new stock picks, highlighting potential upsides in companies like Twilio, Tyler Technologies, The Trade Desk, SiteOne Landscape Supply, and The GEO Group. These picks come after a week where major indices like the Dow Jones and S&P 500 saw declines, ending their five-week winning streaks. Analysts from firms such as JMP Securities, Baird, Stifel, Truist Securities, and Wedbush have provided ratings with high accuracy, suggesting significant growth potential in their selected stocks.
February 20, 2024 | 11:52 am
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Jay McCanless from Wedbush, with an 87% accuracy rate, maintained an Outperform rating on The GEO Group and raised the price target to $15, seeing over a 23% upside.
The GEO Group's revenue beat and the analyst's high accuracy rate contribute to a positive short-term outlook, indicating potential for stock price appreciation.
CONFIDENCE 87
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Keith Hughes from Truist Securities, with an 87% accuracy rate, maintained a Buy rating on SiteOne Landscape Supply and raised the price target to $204, predicting a 23% surge.
SiteOne Landscape Supply's better-than-expected financial results and positive guidance support the analyst's optimistic price target and suggest a strong short-term upside.
CONFIDENCE 87
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Mark Kelley from Stifel, with an 87% accuracy rate, maintained a Buy rating on The Trade Desk and increased the price target to $100, seeing a 14% upside.
The Trade Desk's mixed financial results are overshadowed by the analyst's confidence and the adjusted positive price target, indicating a bullish short-term outlook.
CONFIDENCE 87
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
William Power from Baird, with an 87% accuracy rate, maintained a Neutral rating on Twilio and raised the price target to $70, seeing a 20% upside.
Given the recent positive revenue report from Twilio and the analyst's high accuracy rate, the stock is likely to see a short-term price increase.
CONFIDENCE 87
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Trevor Walsh from JMP Securities, with an 89% accuracy rate, reiterated a Market Outperform rating on Tyler Technologies with a price target of $490, predicting an 11% increase.
Tyler Technologies' mixed financial results are balanced by the analyst's high accuracy and positive outlook, suggesting potential for short-term growth.
CONFIDENCE 89
IMPORTANCE 80
RELEVANCE 90