This Analyst With 90% Accuracy Rate Cuts PT On Meta Platforms; Here Are 5 Stock Picks For Last Week From Benzinga’s Most Accurate Analysts
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: John White
Analyst Firm: Roth Capital
Ratings Accuracy: 90%
Latest Rating: Upgraded rating for Amplify Energy Corp. AMPY from Neutral to Buy with a price target of $12 on October 28, 2022.
Analyst: Mark Kelley
Analyst Firm: Stifel
Ratings Accuracy: 90%
Latest Rating: Maintained a Buy rating for Meta Platforms, Inc. META , but lowered the price target from $230 to $185 on October 27, 2022.
Analyst: William Janela
Analyst Firm: Credit Suisse
Ratings Accuracy: 89%
Latest Rating: Reiterated an Outperform rating for Pioneer Natural Resources Company PXD , and raised the price target from $285 to $300 on October 28, 2022.
Analyst: Scott Hanold
Analyst Firm: RBC Capital
Ratings Accuracy: 89%
Latest Rating: Reiterated an Outperform rating for EQT Corporation EQT , but cut the price target from $57 to $55 on October 28, 2022.
Analyst: Justin Jenkins
Analyst Firm: Raymond James
Ratings Accuracy: 88%
Latest Rating: Maintained an Outperform rating for Magellan Midstream Partners, L.P. MMP and raised the price target from $54 to $55 on October 28, 2022.
