This Analyst With 85% Accuracy Rate Sees Over 29% Upside In MongoDB - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have made recent stock picks, with notable mentions including NetApp, Pure Storage, Booz Allen Hamilton, Dycom Industries, and MongoDB. These analysts have high accuracy rates and have provided updated ratings and price targets based on recent financial results.
June 03, 2024 | 12:30 pm
News sentiment analysis
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NEGATIVE IMPACT
Matt Bryson from Wedbush maintained a Neutral rating on NetApp and raised the price target from $100 to $120. Despite better-than-expected earnings, the analyst sees around 1% downside.
The analyst's Neutral rating and slight downside expectation, despite strong earnings, suggest limited short-term upside for NetApp.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Howard Rubel from Jefferies maintained a Buy rating on Booz Allen Hamilton and raised the price target from $180 to $185, seeing around 22% upside after strong Q4 earnings.
The Buy rating and significant upside potential following strong earnings suggest a positive short-term outlook for Booz Allen Hamilton.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
Alex Rygiel from B. Riley Securities maintained a Buy rating on Dycom Industries and boosted the price target from $172 to $205, seeing about 14% gain after strong Q1 results.
The Buy rating and notable upside potential following strong financial results indicate a positive short-term outlook for Dycom Industries.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
William Power from Baird maintained an Outperform rating on MongoDB but cut the price target from $450 to $305, seeing over 29% upside despite weak FY25 guidance.
The Outperform rating and significant upside potential, despite weak guidance, suggest a cautiously optimistic short-term outlook for MongoDB.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
Aaron Rakers from Wells Fargo maintained an Overweight rating on Pure Storage and increased the price target from $70 to $75, seeing around 23% upside following strong Q1 results.
The Overweight rating and significant upside potential following strong financial results indicate a positive short-term outlook for Pure Storage.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80