This Analyst With 87% Accuracy Rate Sees More Than 12% Upside In AMD - 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 Broadcom (AVGO), Advanced Micro Devices (AMD), Impinj (PI), Axcelis Technologies (ACLS), and MKS Instruments (MKSI). These analysts have provided updated ratings and price targets, indicating potential upside for these stocks.
July 15, 2024 | 11:22 am
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POSITIVE IMPACT
Craig Ellis from B. Riley Securities maintained a Buy rating on Axcelis Technologies and increased the price target from $175 to $190, indicating a 25% potential upside. Axcelis raised its preliminary Q2 estimates last week.
The analyst's high accuracy rate and the raised preliminary Q2 estimates suggest a positive short-term impact on Axcelis Technologies' stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Aaron Rakers from Wells Fargo maintained an Overweight rating on AMD and increased the price target from $190 to $205, indicating a 12% potential upside. AMD announced its plan to acquire Finnish AI start-up Silo AI for $665 million.
The analyst's high accuracy rate and the strategic acquisition of Silo AI are likely to positively impact AMD's stock in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Hans Mosesmann from Rosenblatt maintained a Buy rating on Broadcom and increased the price target from $1,650 to $2,400, indicating a 41% potential upside. Broadcom also borrowed $5 billion to refinance loans for its $69 billion acquisition of VMware.
The analyst's high accuracy rate and significant price target increase, combined with Broadcom's strategic financial move, suggest a positive short-term impact on the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Vivek Arya from B of A Securities initiated coverage on MKS Instruments with a Buy rating and a price target of $160, indicating an 11% potential upside. MKS Instruments recently priced its upsized private offering of $1.2 billion of convertible senior notes.
The analyst's high accuracy rate and the recent financial move by MKS Instruments are likely to positively impact the stock in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Harsh Kumar from Piper Sandler maintained an Overweight rating on Impinj and increased the price target from $150 to $180, indicating a 6% potential upside. Impinj will release its Q2 financial results on July 24.
The analyst's high accuracy rate and the upcoming financial results release are likely to have a positive short-term impact on Impinj's stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100