This Analyst With 85% Accuracy Rate Sees Over 30% Upside In Uber - 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 gains in companies like Uber, HubSpot, The Trade Desk, Diodes Incorporated, and The Home Depot. These picks come from analysts with high accuracy rates, offering insights into potential stock movements based on recent earnings reports and analyst ratings.
May 13, 2024 | 12:45 pm
News sentiment analysis
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NEGATIVE IMPACT
Mark Kelley of Stifel maintains a Buy rating on The Trade Desk, increasing the price target from $100 to $105, with an anticipated 21% downside.
The increase in price target juxtaposed with the anticipated downside suggests market volatility or overvaluation concerns, potentially impacting short-term performance.
CONFIDENCE 87
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
William Stein from Truist Securities sees a 7% upside in Diodes Incorporated, raising the price target from $67 to $74, despite poor Q1 results.
The raised price target and anticipated upside, despite poor Q1 results, suggest underlying strengths in Diodes Incorporated that may support short-term growth.
CONFIDENCE 87
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Zachary Fadem of Wells Fargo maintains an Overweight rating on The Home Depot, with a price target cut from $425 to $400, seeing a 16% gain.
The maintained Overweight rating and the optimistic gain projection, despite a price target cut, indicate strong confidence in The Home Depot's market position and growth potential.
CONFIDENCE 86
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Richard Davis from Canaccord Genuity maintains a Buy rating on HubSpot, with a price target cut from $750 to $700, seeing a 17% upside.
The maintained Buy rating and significant upside potential, despite a price target cut, could signal strong investor confidence in HubSpot's growth prospects.
CONFIDENCE 88
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Analyst Justin Post from B of A Securities sees over 30% upside in Uber, despite recent weaker-than-expected fiscal Q1 results.
Given the analyst's high accuracy rate and the optimistic outlook despite recent setbacks, investor sentiment may improve, potentially driving short-term gains.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100