This Analyst With 88% Accuracy Rate Sees More Than 15% Upside In O'Reilly Automotive - Here Are 5 Stock Picks For Q1 From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts have made new stock picks for Q1, highlighting potential gains in companies like O'Reilly Automotive, Matador Resources, Leggett & Platt, Worthington Steel, and TeraWulf. These picks come after the S&P 500 and Dow Jones recorded their best first-quarter performances in years, with analysts from firms like Roth MKM, Truist Securities, Wells Fargo, Keybanc, and Cantor Fitzgerald providing their insights.
April 01, 2024 | 5:14 am
News sentiment analysis
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NEGATIVE IMPACT
Keith Hughes of Truist Securities maintains a Hold rating on Leggett & Platt, reducing the price target from $18 to $16, foreseeing a 16% downside.
The downward revision in price target and hold rating, especially after poor financial results, could dampen investor sentiment, leading to a short-term price decline.
CONFIDENCE 88
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
Leo Mariani of Roth MKM maintains a Buy rating on Matador Resources, increasing the price target from $66 to $71, expecting a 6% rise.
The upgrade in price target by a highly accurate analyst suggests a positive outlook for MTDR, likely leading to short-term price growth.
CONFIDENCE 89
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
Zachary Fadem of Wells Fargo maintains an Overweight rating on O'Reilly Automotive, boosting the price target from $1,200 to $1,300, anticipating over 15% upside.
Given the analyst's high accuracy rate and the specific upward revision in price target, investor confidence in ORLY may increase, potentially driving short-term price appreciation.
CONFIDENCE 88
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Philip Gibbs of Keybanc maintains an Overweight rating on Worthington Steel, raising the price target from $31 to $39, expecting a 9% increase.
The positive revision in price target following better-than-expected financial results could lead to increased investor interest and a potential short-term price rise.
CONFIDENCE 86
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Josh Siegler of Cantor Fitzgerald reiterates an Overweight rating on TeraWulf, with a price target of $4, seeing a 56% upside.
Despite recent losses, the significant upside potential indicated by the analyst could attract investor interest, potentially driving up the stock's short-term price.
CONFIDENCE 86
IMPORTANCE 85
RELEVANCE 85