This Analyst With 88% Accuracy Rate Sees More Than 21% Upside In Zscaler - 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 and downsides. Keith Hughes from Truist Securities sees a 3% downside in GMS Inc. Josh Siegler of Cantor Fitzgerald predicts a 44% upside in Payoneer Global Inc. Shrenik Kothari from Baird anticipates over 21% upside in Zscaler, Inc. Jay McCanless of Wedbush expects a 22% surge in Landsea Homes Corporation. Matt Bryson, also from Wedbush, sees a 5% downside in NetApp, Inc.
March 04, 2024 | 11:55 am
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POSITIVE IMPACT
Jay McCanless reiterates an Outperform rating on Landsea Homes Corporation, with a price target of $16, expecting a 22% surge.
The positive outlook and reiteration of the outperform rating after strong financial results suggest confidence in the company's future performance.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90
POSITIVE IMPACT
Josh Siegler maintains an Overweight rating on Payoneer Global Inc., cutting the price target from $8 to $7, but sees a 44% upside.
The significant upside potential despite the price target cut and disappointing revenue guidance suggests strong confidence in the company's long-term growth.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Shrenik Kothari maintains an Outperform rating on Zscaler, Inc., increasing the price target from $255 to $265, with over 21% upside expected.
The raised price target and outperform rating, following better-than-expected earnings, indicate strong growth prospects and analyst confidence.
CONFIDENCE 88
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Keith Hughes maintains a Hold rating on GMS Inc., raising the price target from $72 to $88, seeing a 3% downside.
The adjustment in price target suggests a positive outlook, but the hold rating and anticipated downside reflect caution, likely due to downbeat quarterly results.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
Matt Bryson maintains a Neutral rating on NetApp, Inc., raising the price target from $85 to $100, but sees a 5% downside.
The increase in price target following strong financial results contrasts with the neutral rating and anticipated downside, indicating mixed sentiments.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90