This Analyst With 85% Accuracy Rate Sees Around 8% Upside In NVIDIA - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts with high accuracy rates have made recent stock picks, including upgrades and maintained ratings for companies like Intel, Advanced Drainage Systems, Cisco, NVIDIA, and Dynatrace. These analysts see potential upsides ranging from 8% to over 30% for these stocks.
May 20, 2024 | 11:46 am
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POSITIVE IMPACT
Aaron Rakers from Wells Fargo maintained an Equal-Weight rating on Cisco and raised the price target from $52 to $57, seeing over 18% upside.
The raised price target following better-than-expected financial results indicates positive sentiment, likely leading to short-term stock gains.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
William Power from Baird maintained an Outperform rating on Dynatrace and cut the price target from $65 to $62, seeing over 30% upside.
Despite the price target cut, the maintained Outperform rating and significant upside potential indicate positive expectations, likely supporting short-term stock gains.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Chris Caso from Wolfe Research upgraded Intel from Underperform to Peer Perform, following the appointment of Kevin O’Buckley as senior VP and GM of Foundry Services.
The upgrade from a highly accurate analyst and the recent executive appointment are positive signals for Intel, likely boosting investor confidence.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Matt Bryson from Wedbush reiterated an Outperform rating on NVIDIA with a price target of $1,000, seeing about 8% gain.
The reiterated Outperform rating and ambitious price target reflect strong confidence in NVIDIA's growth prospects, likely boosting short-term stock performance.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Trey Grooms from Stephens & Co. maintained an Overweight rating on Advanced Drainage Systems and increased the price target from $182 to $193, seeing around 11% upside.
The maintained Overweight rating and increased price target suggest strong performance expectations, likely driving short-term stock price appreciation.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70