U.S. stocks settled mixed on Friday, with S&P 500 and Nasdaq Composite hitting fresh records following the release of better-than-expected November jobs data.
The S&P 500 and Nasdaq recorded gains for the third straight week, gaining 0.96% and 3.34%, respectively. However, the Dow lost 0.6% during the 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: William Power
- Analyst Firm: Baird
- Ratings Accuracy: 87%
- Latest Rating: Maintained an Outperform rating on Axon Enterprise Inc (NASDAQ:AXON) and raised the price target from $600 to $800 on Dec. 6. This analyst sees more than 16% increase in the stock.
- Recent News: On Nov. 7, Axon Enterprise reported better-than-expected third-quarter financial results and issued current-quarter revenue guidance above estimates.
Analyst: Doug Anmuth
- Analyst Firm: JP Morgan
- Ratings Accuracy: 86%
- Latest Rating: Maintained an Overweight rating on Chewy Inc (NYSE:CHWY) and raised the price target from $37 to $38 on Dec. 5. This analyst sees around 21% surge in the stock.
- Recent News: On Dec. 4, Chewy reported worse-than-expected third-quarter sales results and issued FY24 sales guidance below estimates.
Analyst: Andrew Kaplowitz
- Analyst Firm: Citigroup
- Ratings Accuracy: 86%
- Latest Rating: Maintained a Buy rating on Mirion Technologies Inc (NYSE:MIR) and boosted the price target from $18 to $20 on Dec. 4. This analyst sees around 8% upside in the stock.
- Recent News: On Dec. 3, Mirion said it sees 2025 organic revenue growth of 5.5% to 7.5%.
Analyst: Rob Owens
- Analyst Firm: Piper Sandler
- Ratings Accuracy: 86%
- Latest Rating: Maintained a Neutral rating on Docusign Inc (NASDAQ:DOCU) and increased the price target from $60 to $90 on Dec. 6. This analyst sees around 16% decline in the stock.
- Recent News: On Dec. 5, DocuSign reported better-than-expected third-quarter financial results and issued FY25 revenue guidance above estimates.
Analyst: Mark Hughes
- Analyst Firm: Truist Securities
- Ratings Accuracy: 86%
- Latest Rating: Reiterated a Buy rating on Willis Towers Watson PLC (NASDAQ:WTW) and raised the price target from $365 to $380 on Dec. 4. This analyst sees around 18% upside in the stock.
- Recent News: On Oct. 31, Willis Towers Watson reported better-than-expected third-quarter financial results.
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