This Tester With 85% Accuracy Rate Sees Over 30% Up In Nvidia

This Tester With 85% Accuracy Rate Sees Over 30% Up In Nvidia

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This Analyst With an 85% Accuracy Rate Sees Over 30% Up in Nvidia - Here's Five Top Takeaways for the Last Week From Wall Street's Most Accurate Analysts.
This Analyst With an 85% Accuracy Rate Sees Over 30% Up in Nvidia – Here’s Five Top Takeaways for the Last Week From Wall Street’s Most Accurate Analysts.

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US stocks remained higher on Friday, with the Dow Jones index closing at a new record high during the session. Major trends on Wall Street recorded gains last week, with the Dow gaining around 2% and the S&P 500 adding around 1.7%.

Wall Street analysts create new stocks every day. Unfortunately for investors, not all analysts have the most impressive track record at predicting market movements. Even when it comes to the same stock, the analyst’s price and price objectives can differ greatly, leaving investors confused as to which analyst’s opinion to trust.

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Benzinga’s Analyst Ratings API is a collection of high-quality ratings compiled by Benzinga’s media department through direct partnerships with major sell-side banks. Benzinga shows the overnight change every day three hours before the opening of the US equity market. Data experts at digital investment provider Toggle.ai recently revealed that an analyst who understands Benzinga Pro subscribers and Benzinga readers receive can be used effectively as trading indicators to beat the stock market.

Top Analyst Picks: Fortunately, any Benzinga reader can find the latest analyst ratings on the Analyst Stock Ratings page. One of the ways that investors can sort through Benzinga’s extensive database of analyst ratings is through a fact checker. Here’s a look at the latest stock picks from each of the top five Wall Street analysts, according to Benzinga Analyst Stock Ratings.

Researcher: Trevor Walsh

  • Analyst Firm: JMP Securities

  • Ratings Correct: 89%

  • Latest Rating: It maintained a Market Outperform rating on Palo Alto Networks, Inc. (NASDAQ: PANW) and raised the stock price from $380 to $415 on Nov. 21. This analyst sees an increase of 8% in the price.

  • Latest news: On November 20, Palo Alto reported preliminary earnings of $2.14 billion, beating the consensus estimate of $2.12 billion. The cybersecurity company reported quarterly earnings of $1.56 per share, beating analysts’ consensus estimates of $148 per share, according to Benzinga Pro.

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