This Analyst With 85% Accuracy Rate Sees More Than 37% Upside In AMD - 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 stocks like AMD, D.R. Horton, Beacon Roofing Supply, Hewlett Packard Enterprise, and Atmus Filtration Technologies. These picks come amidst mixed U.S. stock market performances, with the S&P 500 recording its worst weekly performance since March 2023. Analysts from firms such as Wedbush, Benchmark, and Wells Fargo have provided ratings with significant accuracy, offering insights into potential market movements.
April 22, 2024 | 11:21 am
News sentiment analysis
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NEGATIVE IMPACT
Jay McCanless of Wedbush reiterated an Underperform rating on D.R. Horton with a 9% downside, despite better-than-expected Q2 results.
The analyst's negative outlook, even after positive financial results, suggests potential overvaluation or upcoming challenges that could depress the stock price.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
Analyst Matt Bryson from Wedbush sees over 37% upside in AMD, with a price target of $200, following the announcement of new Ryzen PRO processors.
The positive outlook from a high-accuracy analyst combined with AMD's recent product announcements could significantly boost investor confidence and stock price.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Robert Mason of Baird maintained an Outperform rating on Atmus Filtration Technologies, increasing the target to $37 for over 20% upside, with earnings on the horizon.
The maintained Outperform rating and raised price target ahead of earnings indicate strong confidence in the company's performance and growth prospects.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
Reuben Garner of Benchmark initiated coverage on Beacon Roofing Supply with a Buy rating and a 43% upside, ahead of its earnings release.
The initiation of coverage with a strong Buy rating and significant upside potential ahead of earnings could drive investor interest and stock price growth.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
Aaron Rakers of Wells Fargo maintained an Equal-Weight rating on Hewlett Packard Enterprise, raising the target to $19 for a 14% gain, despite poor Q1 revenue.
The price target increase despite disappointing revenue suggests an optimistic outlook on recovery or strategic initiatives that could enhance stock value.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 80