This Analyst With 86% Accuracy Rate Sees More Than 62% Upside In Riot Platforms - Here Are 5 Stock Picks For March From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts have made new stock picks for March, with notable mentions including LanzaTech Global, Inc. (LNZA), Leggett & Platt, Incorporated (LEG), RH (RH), Worthington Steel, Inc. (WS), and Riot Platforms, Inc. (RIOT). These picks come after a mixed close for U.S. stocks in February but overall gains for the month. The analysts' ratings and price targets vary, reflecting their views on the potential upside or downside of these stocks based on recent financial results and market performance.
April 01, 2024 | 2:28 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Keith Hughes of Truist Securities maintains a Hold rating on Leggett & Platt, Incorporated, lowering the price target from $18 to $16, indicating a 16% downside following poor financial results.
The downgrade in price target and the indication of a potential downside, especially after poor financial results, could lead to reduced investor confidence and a decrease in stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Leo Mariani of Roth MKM maintains a Buy rating on LanzaTech Global, Inc. with a price target of $6, seeing a 94% upside despite recent weak quarterly sales.
Given the significant upside potential identified by a highly accurate analyst, despite recent weak sales, investor optimism may increase, potentially driving the stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Zachary Fadem of Wells Fargo maintains an Overweight rating on RH, increasing the price target from $350 to $360, seeing over 3% upside despite missing revenue estimates.
The increase in price target and maintained Overweight rating, despite a revenue miss, suggests confidence in RH's future performance, potentially leading to a positive impact on its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Josh Siegler of Cantor Fitzgerald reiterates an Overweight rating on Riot Platforms, Inc., with a price target of $20, seeing more than 62% upside despite weaker-than-expected FY23 revenue.
The substantial upside potential highlighted by the analyst, even after disappointing revenue figures, could lead to increased investor interest and a positive impact on Riot Platforms' stock price in the short term.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Philip Gibbs of Keybanc maintains an Overweight rating on Worthington Steel, Inc., raising the price target from $31 to $39, expecting about 9% gains following upbeat financial results.
The raised price target and positive outlook after strong financial results could boost investor confidence, potentially leading to an increase in Worthington Steel's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90