This Analyst With 86% Accuracy Rate Sees Around 32% Upside In Western Digital - 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 in several stocks. Jay McCanless from Wedbush downgraded Arbor Realty Trust (ABR) but sees a 6% increase. Matt Bryson, also from Wedbush, reiterated an Outperform rating on Silicon Motion Technology (SIMO) with a 13% upside. Aaron Rakers of Wells Fargo maintained an Overweight rating on Western Digital (WDC), predicting a 32% upside. David Manthey of Baird kept a Neutral rating on Fastenal (FAST) with a 1% surge expected. Andrew Strelzik of BMO Capital maintained an Outperform rating on Constellation Brands (STZ), foreseeing over 20% upside.
April 15, 2024 | 12:57 pm
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NEUTRAL IMPACT
Jay McCanless downgraded ABR but sees a 6% increase after better-than-expected Q4 results.
The downgrade to Neutral might temper investor enthusiasm, but the expected 6% increase suggests underlying strength in ABR's financials.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90
NEUTRAL IMPACT
David Manthey maintained a Neutral rating on FAST, with a slight 1% surge expected.
The Neutral rating and modest 1% surge expectation suggest a cautious outlook for FAST following its underwhelming Q1 performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 85
POSITIVE IMPACT
Matt Bryson reiterated an Outperform rating on SIMO with a 13% upside anticipated.
The reiterated Outperform rating and 13% upside potential reflect optimism about SIMO's upcoming financial results.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90
POSITIVE IMPACT
Andrew Strelzik sees over 20% upside in STZ, maintaining an Outperform rating after strong Q4 results.
The optimistic Over 20% upside forecast for STZ, supported by an Outperform rating, reflects confidence in its growth trajectory post-strong Q4 results.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90
POSITIVE IMPACT
Aaron Rakers maintained an Overweight rating on WDC, boosting the price target with a 32% upside seen.
The significant 32% upside prediction for WDC, coupled with an Overweight rating, indicates strong confidence in its future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 95