This Analyst With 87% Accuracy Rate Sees 26% Upside In Dell Technologies - Here Are 5 Stock Picks For May From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts with high accuracy rates have made new stock picks for May. Notable picks include Pure Storage, Dell Technologies, Booz Allen Hamilton, MasTec, and Semtech Corporation, all of which have received positive ratings and increased price targets following strong financial results.
June 03, 2024 | 7:40 am
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POSITIVE IMPACT
Jefferies analyst Howard Rubel maintained a Buy rating on Booz Allen Hamilton and raised the price target from $180 to $185, seeing a 22% upside. This follows better-than-expected Q4 earnings.
The analyst's high accuracy rate and the company's strong Q4 results support a positive short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Wells Fargo analyst Aaron Rakers maintained an Overweight rating on Dell Technologies and raised the price target from $170 to $175, seeing a 26% upside. This follows upbeat Q1 earnings and sales results.
The analyst's high accuracy rate and the company's strong Q1 results support a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
B. Riley Securities analyst Alex Rygiel maintained a Buy rating on MasTec and raised the price target from $120 to $132, seeing an 18% surge. This follows better-than-expected Q1 financial results.
The analyst's high accuracy rate and the company's strong Q1 results support a positive short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Wedbush analyst Matt Bryson maintained an Outperform rating on Pure Storage and raised the price target from $70 to $80, seeing a 31% increase. This follows better-than-expected Q1 financial results.
The analyst's high accuracy rate and the company's strong Q1 results support a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Piper Sandler analyst Harsh Kumar reiterated an Overweight rating on Semtech Corporation and raised the price target from $40 to $60, seeing a 58% upside. This follows a Q4 loss reported in March.
The analyst's high accuracy rate and the significant upside potential support a positive short-term impact on the stock price, despite the recent Q4 loss.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100