This Analyst With 86% Accuracy Rate Sees More Than 24% Upside In Lattice Semiconductor - Here Are 5 Stock Picks For April From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts have made new stock picks, with significant movements expected in stocks like Lattice Semiconductor, ON Semiconductor, Domino's Pizza, PennyMac Mortgage, and Snap Inc. These picks come after a month where major indices like the Dow Jones and S&P 500 recorded losses, ending a five-month streak of gains. Analysts' ratings show a mix of neutral, hold, and buy recommendations, with price targets suggesting various levels of upside or downside.
May 01, 2024 | 11:20 am
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POSITIVE IMPACT
Analyst Hans Mosesmann sees over 24% upside in Lattice Semiconductor after upbeat Q1 results but weak Q2 forecast.
Given the positive Q1 results and the analyst's high accuracy rate, the stock is likely to see an upward movement despite the weak Q2 forecast.
CONFIDENCE 86
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
William Stein predicts a 24% surge in ON Semiconductor following better-than-expected Q1 results.
The stock is expected to rise significantly due to its strong Q1 performance and the analyst's high accuracy and positive outlook.
CONFIDENCE 86
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Jay McCanless reiterates a Neutral rating on PennyMac Mortgage, seeing an 8% increase after strong quarterly earnings.
The positive earnings report is likely to drive the stock upwards, despite the neutral rating from the analyst.
CONFIDENCE 87
IMPORTANCE 65
RELEVANCE 70
NEGATIVE IMPACT
Zachary Fadem sees a 1% downside in Domino's Pizza despite raising the price target after strong Q1 earnings.
The slight downside expectation is due to the analyst's cautious stance despite the recent earnings beat and price target increase.
CONFIDENCE 87
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
Mark Kelley maintains a Hold on Snap Inc., expecting a 13% downside despite better-than-expected Q1 results and positive revenue guidance.
Despite the positive financial results and guidance, the analyst's hold rating and expected downside suggest caution.
CONFIDENCE 86
IMPORTANCE 75
RELEVANCE 80