This Analyst With 87% Accuracy Rate Sees More Than 20% Upside In Broadcom - 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, with an 87% accuracy rate, have made new stock picks with significant upside potential. Chris Caso of Wolfe Research sees over 20% upside in Marvell Technology (MRVL) after its Q4 financial results and weak Q1 guidance. Mark Kelley of Stifel sees a 4% upside in Nexxen International (NEXN) following upbeat quarterly results. William Stein of Truist Securities predicts over 20% upside in Broadcom (AVGO) after it reported earnings that beat estimates. Keith Hughes, also from Truist Securities, expects a 14% surge in Ferguson plc (FERG) despite worse-than-expected Q2 results. Shrenik Kothari of Baird sees a 9% upside in CrowdStrike Holdings (CRWD) after reporting a 33% year-over-year revenue increase.
March 11, 2024 | 11:20 am
News sentiment analysis
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POSITIVE IMPACT
William Stein reiterates a Buy rating on Broadcom, increasing the price target from $1,240 to $1,566, seeing over 20% upside.
The significant increase in price target after an earnings beat highlights Broadcom's strong financial health and growth potential.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 95
POSITIVE IMPACT
Shrenik Kothari maintains an Outperform rating on CrowdStrike, raising the price target from $281 to $350, seeing around 9% upside.
The increase in price target following a significant revenue increase indicates strong growth potential for CrowdStrike.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Keith Hughes maintains a Buy rating on Ferguson, raising the price target from $197 to $230, expecting a 14% surge.
The upgrade in price target despite worse-than-expected Q2 results suggests confidence in Ferguson's long-term prospects.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Chris Caso maintains an Outperform rating on Marvell Technology, raising the price target from $70 to $90, seeing over 20% upside.
The upgrade in price target despite weak Q1 guidance suggests strong long-term growth potential for MRVL.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Mark Kelley maintains a Hold rating on Nexxen International, boosting the price target from $4 to $5.5, seeing around 4% upside.
The increase in price target following upbeat quarterly results indicates a positive outlook for NEXN.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80