This Analyst With 88% Accuracy Rate Sees Around 31% 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 NVIDIA, Analog Devices, Nexxen International, Zoom Video Communications, and Sysco Corporation. These picks are based on recent financial results and updated price targets.
May 28, 2024 | 11:58 am
News sentiment analysis
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POSITIVE IMPACT
William Stein from Truist Securities maintained a Buy rating on Analog Devices and increased the price target from $222 to $275, seeing around 18% upside. Analog Devices posted better-than-expected Q2 financial results.
Better-than-expected financial results and an increased price target are likely to positively impact Analog Devices' stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Hans Mosesmann from Rosenblatt maintained a Buy rating on NVIDIA with a price target of $1,400, seeing around 31% upside. NVIDIA reported strong Q1 results, issued strong Q2 guidance, announced a 10-for-1 stock split, and raised its quarterly dividend by 150%.
The combination of strong financial results, positive guidance, a stock split, and a significant dividend increase is likely to drive short-term price appreciation for NVIDIA.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Lauren Silberman from Deutsche Bank maintained a Buy rating on Sysco Corporation but cut the price target from $90 to $86, seeing over 18% upside. Sysco announced updates amid its investor day presentation.
The Buy rating and significant upside potential indicate a positive short-term outlook for Sysco, despite the lowered price target.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
William Power from Baird maintained an Outperform rating on Zoom Video Communications but cut the price target from $90 to $84, seeing about 32% gain. Zoom reported stronger-than-expected Q1 earnings.
Stronger-than-expected earnings and an Outperform rating suggest positive short-term price movement for Zoom, despite the lowered price target.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Mark Kelley from Stifel maintained a Hold rating on Nexxen International and raised the price target from $5.5 to $6, seeing around 4% downside. Nexxen International posted better-than-expected quarterly sales.
Despite better-than-expected sales, the Hold rating and minimal price target increase suggest limited short-term upside for Nexxen International.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100