This Analyst With 85% Accuracy Rate Sees Around 23% Upside In Micron Technology - 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 in companies like Micron Technology, NVIDIA, Shake Shack, Core & Main, and Chipotle Mexican Grill. These picks are based on recent company performances and market trends, with analysts from firms like Oppenheimer, Truist Securities, Wedbush, Deutsche Bank, and Wells Fargo providing insights.
March 25, 2024 | 12:23 pm
News sentiment analysis
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NEGATIVE IMPACT
Keith Hughes of Truist Securities reiterated a Hold rating on Core & Main, with a price target of $38, indicating a 35% downside.
Despite reporting upbeat sales, the significant downside projected by a highly accurate analyst could lead to negative investor sentiment and a potential short-term decline in Core & Main's stock price.
CONFIDENCE 88
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
Lauren Silberman of Deutsche Bank maintains a Buy rating on Chipotle Mexican Grill, increasing the price target from $3,100 to $3,300, seeing a 15% surge.
Chipotle's announcement of its first stock split, combined with a raised price target from a top analyst, suggests strong growth potential and could positively impact the stock price in the short term.
CONFIDENCE 86
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Aaron Rakers of Wells Fargo maintains an Overweight rating on Micron Technology, with a price target increase from $125 to $135, seeing a 23% upside.
Given Micron Technology's upbeat fiscal second quarter results, the increased price target and Overweight rating by a highly accurate analyst suggest a strong bullish sentiment, likely leading to a short-term price increase.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Matt Bryson of Wedbush reiterated an Outperform rating on NVIDIA, with a price target of $1,000, indicating a 6% upside.
NVIDIA's positive outlook is supported by its recent AI event highlights, suggesting potential growth. The analyst's high accuracy and the Outperform rating could positively influence the stock's short-term trajectory.
CONFIDENCE 86
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
Brian Bittner of Oppenheimer maintains an Outperform rating on Shake Shack, raising the price target from $108 to $120, seeing a 10% increase.
The appointment of a new CEO and the raised price target by a top analyst could drive investor confidence and Shake Shack's stock price upwards in the short term.
CONFIDENCE 88
IMPORTANCE 75
RELEVANCE 80