This Analyst With 88% Accuracy Rate Sees More Than 21% Upside In Zscaler - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts

Author: Avi Kapoor | March 04, 2024 07:55am

U.S. stocks closed higher on Friday, with the Nasdaq Composite settling higher by over 1% during the session.

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: Keith Hughes

• Analyst Firm: Truist Securities
• Ratings Accuracy: 88%
• Latest Rating: Maintained a Hold rating on GMS Inc. (NYSE:GMS) and raised the price target from $72 to $88 on March 1, 2024. This analyst sees around 3% downside in the stock.
• Recent News: On Feb. 29, GMS posted downbeat quarterly results.

Analyst: Josh Siegler

• Analyst Firm: Cantor Fitzgerald
• Ratings Accuracy: 88%
• Latest Rating: Maintained an Overweight rating on Payoneer Global Inc. (NASDAQ:PAYO) and cut the price target from $8 to $7 on March 1, 2024. This analyst sees around 44% upside in the stock.
• Recent News: On Feb. 28, Payoneer issued FY24 revenue guidance below estimates.

Analyst: Shrenik Kothari

• Analyst Firm: Baird
• Ratings Accuracy: 88%
• Latest Rating: Maintained an Outperform rating on Zscaler, Inc. (NASDAQ:ZS) and increased the price target from $255 to $265 on March 1, 2024. This analyst sees over 21% upside in the stock.
• Recent News: On Feb. 29, Zscaler posted better-than-expected earnings and sales results for its second quarter.

Analyst: Jay McCanless

• Analyst Firm: Wedbush
• Ratings Accuracy: 87%
• Latest Rating: Reiterated an Outperform rating on Landsea Homes Corporation (NASDAQ:LSEA) with a price target of $16 on March 1, 2024. This analyst sees around 22% surge in the stock.
• Recent News: On Feb. 29, Landsea Homes reported better-than-expected fourth-quarter financial results.

Analyst: Matt Bryson

• Analyst Firm: Wedbush
• Ratings Accuracy: 87%
• Latest Rating: Maintained a Neutral rating on NetApp, Inc. (NASDAQ:NTAP) and raised the price target from $85 to $100 on March 1, 2024. This analyst sees around 5% downside in the stock.
• Recent News: On Feb. 29, NetApp reported better-than-expected third-quarter financial results and issued guidance.

 

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Posted In: GMS LSEA NTAP PAYO ZS