This Analyst With 91% Accuracy Rate Sees Over 57% 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, Coinbase, Viking Holdings, Texas Instruments, and Darden Restaurants. These picks are based on recent ratings and news, with significant potential upsides.
June 24, 2024 | 11:55 am
News sentiment analysis
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POSITIVE IMPACT
Mike Colonnese from HC Wainwright & Co. reiterated a Buy rating on Coinbase with a price target of $315, seeing around 40% upside. Coinbase recently launched smart wallets.
The analyst's high accuracy rate and the recent innovative product launch by Coinbase suggest a strong potential for stock price appreciation.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Brian Harbour from Morgan Stanley maintained an Overweight rating on Darden Restaurants with a price target of $175, seeing around 14% surge. Darden recently reported strong earnings and increased its dividend.
The analyst's high accuracy rate, strong earnings report, and increased dividend suggest a positive outlook for Darden Restaurants.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Hans Mosesmann from Rosenblatt maintained a Buy rating on Nvidia and increased the price target to $200, seeing over 57% upside. Recent collaboration with HPE aims to revolutionize enterprise AI.
The analyst's high accuracy rate and significant price target increase, combined with Nvidia's strategic collaboration with HPE, suggest strong positive momentum for the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Cody Acree from Benchmark maintained a Buy rating on Texas Instruments and increased the price target to $230, seeing around 18% upside. Recent collaboration with Delta Electronics to advance EV charging.
The analyst's high accuracy rate and the strategic collaboration with Delta Electronics suggest positive momentum for Texas Instruments.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Patrick Scholes from Truist Securities initiated coverage on Viking Holdings with a Hold rating and a price target of $38, seeing around 23% upside. Viking recently reported quarterly losses.
Despite the analyst's high accuracy rate, the Hold rating and recent quarterly losses suggest a more cautious outlook for Viking Holdings.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100