This Analyst With 84% Accuracy Rate Sees More Than 41% Upside In NVIDIA - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts

Lisa Levin

November 27, 2023

U.S. stocks closed mixed in holiday-shortened trading session on Friday, ahead of the major shopping season. All three major indices, meanwhile, recorded their fourth straight weekly gains.

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: Aaron Rakers

Analyst Firm: Wells Fargo
Ratings Accuracy: 84%
Latest Rating: Maintained an Overweight rating on NVIDIA Corporation (NASDAQ:NVDA) and raised the price target from $600 to $675 on Nov. 22, 2023. This analysts sees more than 41% surge in the stock.
Recent News: Nvidia reported better-than-expected results for its third quarter and issued strong revenue guidance for the fourth quarter.

Analyst: Matt Bryson

Analyst Firm: Wedbush
Ratings Accuracy: 84%
Latest Rating: Reiterated an Outperform rating on NVIDIA Corporation (NASDAQ:NVDA) with a price target of $600 on Nov. 22, 2023. This analyst sees around 26% upside in the stock.
Recent News: Nvidia reported better-than-expected results for its third quarter and issued strong revenue guidance for the fourth quarter.

Analyst: William Stein

Analyst Firm: Truist Securities
Ratings Accuracy: 84%
Latest Rating: Maintained a Buy rating on Analog Devices, Inc. (NASDAQ:ADI) and cut the price target from $213 to $206 on Nov. 22, 2023. This analyst sees more than 12% upside in the stock.
Recent News: Analog Devices reported a fourth-quarter FY23 revenue decline of 16% year-on-year to $2.72 billion, beating the consensus of $2.70 billion.

Analyst: Brian Mullan

Analyst Firm: Piper Sandler
Ratings Accuracy: 84%
Latest Rating: Maintained a Neutral rating on Chuy's Holdings, Inc. (NASDAQ:CHUY) and slashed the price target from $42 to $39 on Nov. 21, 2023. This analyst sees around 11% upside in the stock.
Recent News: Chuy's Holdings posted better-than-expected results for its third quarter.

Analyst: Alex Rygiel

Analyst Firm: B. Riley Securities
Ratings Accuracy: 83%
Latest Rating: Maintained a Neutral rating on Dycom Industries, Inc. (NYSE:DY) and raised the price target from $94 to $101 on Nov. 22, 2023. This analyst sees around 0.3% decline in the stock.
Recent News: Dycom Industries reported better-than-expected third-quarter financial results.

Read More: Over $1M Bet On Heartland Express? Check Out These 4 Stocks Insiders Are Buying

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