This Analyst With 86% Accuracy Rate Sees Over 13% Upside In Alphabet - 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 Alphabet, Belden, NetApp, Broadcom, and RH. These picks are based on recent ratings and price targets, with some analysts seeing significant upside potential.
June 17, 2024 | 12:06 pm
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POSITIVE IMPACT
William Stein from Truist Securities reiterated a Buy rating on Belden Inc. and raised the price target from $101 to $119, seeing around 26% upside.
The analyst's high accuracy rate and the significant upside potential indicated by the new price target suggest a positive short-term impact on Belden's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Justin Post from B of A Securities reiterated a Buy rating on Alphabet Inc. with a price target of $200, seeing over 13% upside.
The analyst's high accuracy rate and the significant upside potential indicated by the new price target, along with Alphabet's recent agreement with NV Energy, suggest a positive short-term impact on Alphabet's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Zachary Fadem from Wells Fargo maintained an Overweight rating on RH and cut the price target from $360 to $350, seeing about 53% gain.
Despite mixed financial results, the analyst's high accuracy rate and significant upside potential indicated by the new price target suggest a positive short-term impact on RH's stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
Hans Mosesmann from Rosenblatt maintained a Buy rating on Broadcom Inc. and raised the price target from $1,500 to $1,650, seeing over 5% downside.
Despite strong financial results and a dividend announcement, the analyst's downside price target suggests a negative short-term impact on Broadcom's stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Matt Bryson from Wedbush reiterated a Neutral rating on NetApp, Inc. with a price target of $120, seeing around 5% downside.
Despite better-than-expected financial results, the analyst's Neutral rating and downside price target suggest a negative short-term impact on NetApp's stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100