This Analyst With 85% Accuracy Rate Sees Around 16% Upside In Chewy - Here Are 5 Stock Picks For August From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts have made new stock picks for August. Notable mentions include Antero Resources, Okta, Best Buy, NVIDIA, and Chewy, with varying ratings and price targets. These insights can be used as trading indicators to potentially outperform the market.
September 03, 2024 | 12:16 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Antero Resources received a Buy rating from Roth MKM with a 19% upside potential. Despite a recent wider-than-expected loss, the stock is seen as a good buy.
The Buy rating and significant upside potential suggest positive sentiment despite recent losses, likely boosting short-term stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Chewy maintained an Overweight rating from JP Morgan with a 16% upside. Recent results were better than expected, reaffirming annual guidance.
The Overweight rating and upside potential, along with strong results, suggest a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
NVIDIA maintained a Buy rating from Truist Securities with a 24% upside. Recent earnings and sales exceeded expectations.
The Buy rating and significant upside potential, coupled with strong earnings, suggest a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80
NEUTRAL IMPACT
Okta maintained a Hold rating from Canaccord Genuity, with a slight price target cut but still a 14% upside. Recent earnings beat expectations.
The Hold rating and price target cut suggest caution, but the earnings beat provides some positive sentiment, leading to a neutral short-term impact.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Best Buy maintained an Equal-Weight rating from Wells Fargo, with a raised price target but a 5% downside. Recent results exceeded expectations.
Despite strong results and a raised price target, the downside expectation suggests a negative short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70