5 Stock Picks Last Week From Wall Street's Most Accurate Analysts

U.S. stocks settled higher on Friday, with the Dow Jones index recording another record close as diplomatic signals on Iran helped cool oil and pulled Treasury yields lower for a third consecutive session.

The S&P 500 gained 0.9% last week, notching its eighth consecutive winning week. The Dow surged 2.1%, while the Nasdaq rose 0.5% last week.

Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about which analyst’s opinion to trust.

Benzinga’s Analyst Ratings API is a collection of the highest-quality stock ratings curated by the Benzinga news desk via direct partnerships with major sell-side banks. Benzinga displays overnight ratings changes on a daily basis three hours prior to the U.S. equity market opening. Data specialists at investment dashboard provider Toggle.ai recently uncovered that the analyst insights Benzinga Pro subscribers and Benzinga readers regularly receive can successfully be used as trading indicators to outperform the stock market.

Top Analyst Picks: Fortunately, any Benzinga reader can access the latest analyst ratings on the Analyst Stock Ratings page. One of the ways traders can sort through Benzinga’s extensive database of analyst ratings is by analyst accuracy. Here’s a look at the most recent stock picks from each of the five most accurate Wall Street analysts, according to Benzinga Analyst Stock Ratings.

Analyst: Ruben Roy

• Analyst Firm: Stifel
• Ratings Accuracy: 91%
• Latest Rating: Maintained a Buy rating on Nlight Inc (LASR) and raised the price target from $75 to $85 on May 21. This analyst sees around 7% upside in the stock.
• Recent News: On May 7, nLIGHT reported better-than-expected first-quarter financial results and issued second-quarter sales guidance above estimates..

Analyst: Asiya Merchant

• Analyst Firm: Citigroup
• Ratings Accuracy: 90%
• Latest Rating: Maintained a Buy rating on SanDisk Corp (SNDK) and raised the price target from $1,300 to $2,025 on May 19. This analyst sees around 38% upside in the stock.
• Recent News: On April 30, SanDisk (SNDK) posted upbeat third-quarter earnings.

Analyst: Matt Bryson

• Analyst Firm: Wedbush
• Ratings Accuracy: 90%
• Latest Rating: Maintained an Outperform rating on NVIDIA Corp (NVDA) and raised the price target from $300 to $330 on May 21. This analyst sees around 54% jump in the stock.
• Recent News: On May 20, NVIDIA (NVDA) posted upbeat quarterly earnings.

Analyst: Cody Acree

• Analyst Firm: Benchmark
• Ratings Accuracy: 89%
• Latest Rating: Maintained a Buy rating on NVIDIA Corp (NVDA) and raised the price target from $250 to $335 on May 21. This analyst expects around 56% surge in the stock.
• Recent News: On May 20, NVIDIA (NVDA) posted upbeat quarterly earnings.

Analyst: William Stein

• Analyst Firm: Truist Securities
• Ratings Accuracy: 88%
• Latest Rating: Maintained a Buy rating on NVIDIA Corp (NVDA) and boosted the price target from $287 to $307 on May 21. This analyst expects around 43% growth in the stock.
• Recent News: On May 20, NVIDIA (NVDA) posted upbeat quarterly earnings.

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