Market Overview - U.S. stocks closed mixed, with the Nasdaq Composite decreasing approximately 0.2% during the session, and the Nasdaq fell 3% last week, while the S&P 500 and Dow each declined over 1% [1] Analyst Insights - Wall Street analysts frequently update stock picks, but their track records in predicting market movements can be inconsistent, leading to confusion among investors regarding which opinions to trust [2] - Benzinga's Analyst Ratings API compiles high-quality stock ratings through partnerships with major sell-side banks, providing daily updates on ratings changes three hours before the U.S. equity market opens [3] Top Analyst Picks - Benzinga offers access to the latest analyst ratings, allowing traders to sort through ratings based on analyst accuracy [4] - Notable analysts and their recent ratings include: - Aaron Rakers (Citigroup): Maintained a Buy rating on Sandisk Corporation (NASDAQ:SNDK) with a price target increase from $150 to $280, indicating a potential upside of around 12% [5] - Analyst from Stifel: Maintained a Buy rating on Coherent Corp. (NYSE:COHR) with a price target increase from $140 to $168, suggesting a potential upside of about 6% [5] - Analyst from Truist Securities: Reiterated a Hold rating on Microchip Technology Incorporated (NASDAQ:MCHP) and reduced the price target from $64 to $60, expecting a 5% surge [5] - Analyst from RBC Capital: Maintained a Sector Perform rating on SolarEdge Technologies, Inc. (NASDAQ:SEDG) with a price target increase from $25 to $34, anticipating a 17% decline [5] - Analyst from Wells Fargo: Maintained an Overweight rating on Micron Technology, Inc. (NASDAQ:MU) with a price target increase from $220 to $300, expecting a 20% gain [7]
5 Stocks In The Spotlight From Wall Street's Most Accurate Analysts Last Week - Coherent (NYSE:COHR), Microchip Technology (NASDAQ:MCHP)