5 Stock Picks of the Past Week from Wall Street’s Most Accurate Analysts – Amazon.com (NASDAQ:AMZN), CrowdStrike Holdings (NASDAQ:CRWD)

US stocks closed higher on Friday, with the Dow Jones Industrial Average gaining more than 100 points on the session, supported by economic data that reinforced expectations of a Federal Reserve rate cut this week.

Wall Street analysts make new stock picks every day. Unfortunately for investors, not all analysts have a particularly impressive track record of predicting market movements. Even when it comes to a single stock, analysts’ ratings and price targets can vary widely, leaving investors confused about which analyst to trust.

Benzinga’s Analyst Ratings API is a collection of the highest-quality stock ratings curated by the Benzinga news desk through direct partnerships with major sell-side banks. Benzinga releases daily overnight rating changes three hours before the US stock market opens. Data specialists at investing dashboard provider Toggle.ai recently discovered that the analyst insights that Benzinga Pro subscribers and Benzinga readers regularly receive can be successfully used as trading indicators to outperform the stock market.

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

Analyst: Asia trader

• Analyst firm: Citi Group
• Accuracy of assessments: 87%
• Final review: Maintained a buy rating on Pure Storage Inc (NYSE:PSTG) and lowered its price target from $110 to $105 on December 3. This analyst sees an upside of about 49% in the stock.
• Recent news: On Dec. 2, Pure Storage reported quarterly earnings of 58 cents per share, which met the consensus estimate, according to data from Benzinga Pro.

Analyst: Trevor Walsh

• Analyst firm: Citizens
• Accuracy of assessments: 87%
• Final review: Maintained a Market Outperform rating on Crowdstrike Holdings Inc (NASDAQ:CRWD) with a $500 price target on December 3. This analyst sees a downside trend of about 2% in the stock.
• Recent news: On December 2, CrowdStrike reported third-quarter revenue just above $1.23 billion, surpassing analyst estimates of around $1.22 billion, according to Benzinga Pro.

Analyst: Johannes Todaro

• Analyst office: Needham
• Accuracy of assessments: 85%
• Latest review: Retained a buy rating Robinhood Markets Inc (NASDAQ: KAP) with a price target of $145 on December 5. This analyst expects a share price increase of approximately 10%.
• Recent news: On November 25, Robinhood Markets announced it is launching a futures and derivatives exchange and clearinghouse.

Analyst: Justin Post

• Analyst office: B of A securities
• Accuracy of assessments: 85%
• Latest review: Retained a buy rating Amazon.com Inc (NASDAQ:AMZN) and raised the price target from $272 to $303 on December 3. This analyst expects an upside of about 32% in the shares.
• Recent news: On December 4, Amazon.com introduced its new Graviton5 processors to help customers run cloud applications faster, more efficiently and at lower costs as their workloads become more complex.

Analyst: Willem Macht

• Analyst firm: Baird
• Accuracy of assessments: 85%
• Final review: Maintained an Outperform rating on Snowflake Inc (NYSE: SNOW) and raised the price target on December 4 from $260 to $270. This analyst expects a gain of about 18% in the stock.
• Recent news: On December 3, Snowflake posted third-quarter revenue of $1.21 billion, surpassing analyst estimates of $1.18 billion, according to Benzinga Pro.

Read more:

Photo via Shutterstock