Analysts update targets on AMAT, OTLK, PLXS, AIT, CCOI
Wall Street analysts maintained or adjusted ratings and price targets on Applied Materials, Outlook Therapeutics, Plexus, Applied Industrial Technologies and Cogent Communications after each company’s recent results or guidance.
U.S. stocks settled lower on Friday, with the Dow Jones index falling more than 100 points during the session.
Meanwhile, the S&P 500 gained 0.4%, recording gains for the third straight week, while the Nasdaq also rose by 0.1%.
The Dow, however, fell 0.6% last week.
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. 's Analyst Ratings API is a collection of the highest-quality stock ratings curated by the news desk via direct partnerships with major sell-side banks. 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 Pro subscribers and readers regularly receive can successfully be used as trading indicators to outperform the stock market.
Top Analyst Picks: Fortunately, any reader can access the latest analyst ratings on the Analyst Stock Ratings page.
One of the ways traders can sort through '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 Analyst Stock Ratings.
Analyst: Timothy Arcuri Analyst Firm: UBS Ratings Accuracy: 88% Latest Rating: Maintained a Buy rating on Applied Materials Inc (NASDAQ: AMAT ) and cut the price target from $705 to $675 on Aug.
14.
This analyst sees around 33% upside in the stock.
Recent News: On Aug.
13, Applied Materials posted better-than-expected financial results for the third quarter and issued strong guidance for the current quarter.
Analyst: Jullian Harrison Analyst Firm: BTIG Ratings Accuracy: 82% Latest Rating: Maintained a Buy rating on Outlook Therapeutics Inc (NASDAQ: OTLK ) with a price target of $4 on Aug.
14.
This analyst sees around 401% upside in the stock.
Recent News: On Aug.
14, Outlook Therapeutics reported worse-than-expected third-quarter sales results.
Analyst: David Williams Analyst Firm: Needham Ratings Accuracy: 81% Latest Rating: Maintained a Buy rating on Plexus Corp (NASDAQ: PLXS ) with a price target of $310 on Aug.
14.
This analyst expects around 16% gain in the stock.
Recent News: On July 29, Plexus posted upbeat quarterly earnings.
Analyst: Christopher Glynn Analyst Firm: Oppenheimer Ratings Accuracy: 81% Latest Rating: Maintained an Outperform rating on Applied Industrial Technologies Inc (NYSE: AIT ) and increased the price target from $350 to $390 on Aug.
14.
This analyst expects around 8% surge in the stock.
Recent News: On Aug.
13, Applied Industrial Technologies reported better-than-expected earnings for the fourth quarter.
Analyst: Christopher Schoell Analyst Firm: UBS Ratings Accuracy: 79% Latest Rating: Maintained a Neutral rating on Cogent Communications Holdings Inc (NASDAQ: CCOI ) and cut the price target from $17 to $11 on Aug.
14.
This analyst sees around 3% decline in the stock.
Recent News: On Aug.
6, Cogent Communications reported worse-than-expected second-quarter sales results.
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