Wall Street Analysts Make Recent Stock Picks Following Market Declines

On Friday, U.S. stocks experienced a notable decline, with the Dow Jones index falling by over 700 points throughout the session. The S&P 500 dropped 1.71%, settling at 6,013.13, while the Nasdaq Composite decreased by 2.20%, closing at 19,524.01.

Every day, Wall Street analysts are making new stock recommendations, yet not all of them succeed in accurately predicting market trends. Evaluating analyst ratings can often be confusing for investors, as opinions and price targets can greatly differ, even for the same stock.

To aid investors, a collection of high-quality stock ratings is available, compiled through partnerships with significant sell-side banks. This resource provides updates on rating changes every day, three hours before the U.S. equity market opens. Recent analysis highlights that insights from market analysts can serve as reliable indicators for trading, potentially leading to better-than-average stock performance.

Top Analyst Picks: Readers can access up-to-date analyst ratings through a dedicated ratings page. Below are the latest stock picks from five of the leading Wall Street analysts with impressive accuracy records.

Lloyd Walmsley of UBS

• Accuracy: 86%
• Latest Rating: Maintained a Buy rating on Booking Holdings Inc. (BKNG), raising the price target from $5,560 to $5,960 as of February 21. This analyst anticipates approximately 20% upside in the stock.
• Recent News: Booking Holdings reported stronger-than-expected financial results for the fourth quarter and announced a dividend increase on February 20.

Mark Kelley of Stifel

• Accuracy: 86%
• Latest Rating: Maintained a Hold rating on Wayfair Inc. (W), lowering the price target from $47 to $46 on February 21. The analyst forecasts a potential 9% increase in the stock.
• Recent News: On February 20, Wayfair reported a fourth-quarter adjusted loss per share of 25 cents.

Doug Anmuth of JP Morgan

• Accuracy: 86%
• Latest Rating: Maintained an Underweight rating on Tripadvisor, Inc. (TRIP), raising the price target from $14 to $15 on February 21. The analyst expects about a 1% downside in the stock.
• Recent News: TripAdvisor announced positive quarterly results on February 20.

Alexander Paris of Barrington Research

• Accuracy: 86%
• Latest Rating: Maintained an Outperform rating on Lincoln Educational Services Corporation (LINC) with a target price of $20 on February 19. The analyst projects around a 22% upswing in the stock.
• Recent News: Lincoln Educational Services is set to hold a conference call on February 24 to discuss its fourth-quarter results.

William Stein of Truist Securities

• Accuracy: 85%
• Latest Rating: Maintained a Hold rating on Analog Devices, Inc. (ADI) and increased the price target from $230 to $248 as of February 20. The analyst sees about a 4% upside in the stock.
• Recent News: On February 19, Analog Devices reported a 4% decline in first-quarter revenue year-on-year to $2.42 billion, surpassing analyst expectations of $2.36 billion.

As the market fluctuates, analysts continue to monitor and make stock picks based on emerging data. Investors can benefit from these insights to guide their trading strategies.

stocks, analysis, market