U.S. stocks closed with the S&P 500 slightly down as the Dow Jones gained 1.45% last week, marking its strongest weekly performance since May. Analyst ratings play a vital role in investment decisions, but not all analysts have a good track record. Benzinga offers the Analyst Ratings API that provides high-quality stock ratings from top banks, giving investors valuable insights for making informed decisions before the market opens.
Investors can access the latest analyst ratings on the Benzinga website and sort them by analyst accuracy. Some of the top picks from the most accurate analysts include Mike Colonnese from H. C. Wainwright & Co. who reiterated a Buy rating on Coinbase Global, Inc. with a price target of $315, predicting a 40% increase in the stock. Patrick Scholes from Truistic Values initiated coverage on Viking Holdings Ltd. with a Hold rating and a $38 price target, expecting a 23% upside. Cody Acree from Reference Point maintained a Buy rating on Texas Instruments Incorporated and raised the price target to $230, anticipating an 18% increase. Brian Puerto from Morgan Stanley maintained an Overweight rating on Darden Restaurants, Inc. with a $175 price target, projecting a 14% rise. Lastly, Hans Moisésmann from Rosenblatt maintained a Buy rating on NVIDIA Corporation and raised the price target to $200, predicting more than 57% upside.
Recent developments in these companies include Coinbase’s launch of smart wallets, Viking Holdings reporting quarterly losses, Texas Instruments collaborating with Delta Electronics on electric vehicle charging, Darden Restaurants reporting better-than-expected earnings results, and Hewlett Packard Enterprise and Nvidia unveiling a collaboration at HPE Discover 2024.
Overall, the Benzinga Analyst Ratings API provides valuable insights for investors to make informed decisions based on accurate and reliable analyst ratings. By utilizing these insights, traders can potentially outperform the stock market and achieve better investment outcomes.
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https://www.benzinga.com/news/24/06/39453520/this-analyst-with-91-accuracy-rate-sees-over-57-upside-in-nvidia-here-are-5-stock-picks-for-last-wee
