Wall Street Grows as Success Blooms in Q1
Renewed enthusiasm swept through Wall Street as the S&P 500 hit a new pinnacle, showcasing its most robust first-quarter performance in half a decade. The quarter unfurled a 10.2% gain for the S&P 500, while the Dow Jones celebrated a 5.6% uptick, marking its finest first-quarter stride since 2021.
The landscape of stock recommendations is ever-changing, with analysts unveiling fresh picks daily. Alas, not all voices bear the same clout in predicting market trajectories. Differing ratings and targets can stir bafflement among investors, muddling the path to prudent decisions.
Benzinga’s Analyst Ratings API stands as an assemblage of premier stock assessments sieved by the discerning Benzinga news desk through close alliances with powerhouse sell-side institutions. Carried forth three hours prior to the U.S. equity market dawn, these overnight ratings fluctuations can be pivotal indicators for astute trading, as gleaned by the savvy data mavens at investment dashboard provider Toggle.ai.
Elite Insights Unveiled: Any Benzinga connoisseur can tap into the freshest analyst evaluations on the Analyst Stock Ratings portal. Amidst the vast trove of analyst insights that Benzinga parades, sorting by analyst accuracy stands paramount. Here lies a peek into recent stock picks from the crème de la crème of Wall Street analysts, expertly vetted by Benzinga’s Analyst Stock Ratings.
- Analyst Firm: Roth MKM
- Ratings Accuracy: 89%
- Latest Rating: March 28, 2024 saw a tweak from Leo Mariani at Roth MKM who retained a Buy status on Matador Resources Company MTDR, lifting the price target from $66 to $71, envisioning a 6% climb in the shares.
- Recent News: Matador Resources unfurled an enlarged offering of $900 million in senior notes maturing in 2032 on March 26.
Analyst: Keith Hughes
- Analyst Firm: Truist Securities
- Ratings Accuracy: 88%
- Latest Rating: On March 26, 2024, Keith Hughes at Truist Securities upheld a Hold stance on Leggett & Platt, Incorporated LEG, slashing the price target from $18 to $16, projecting a 16% downturn in the stock.
- Recent News: Leggett & Platt sounded less-than-ideal notes with its fourth-quarter financials on Feb. 8, along with a dim FY24 adjusted EPS and revenue forecast.
Analyst: Zachary Fadem
- Analyst Firm: Wells Fargo
- Ratings Accuracy: 88%
- Latest Rating: March 25, 2024 showcased Zachary Fadem from Wells Fargo maintaining an Overweight rating on O’Reilly Automotive, Inc. ORLY, elevating the price target from $1,200 to $1,300, portending over 15% growth in the stock.
- Recent News: O’Reilly Automotive navigated through disappointing waters with its Q4 sales on Feb. 7, coupled with an uninspiring FY24 EPS outlook.
Analyst: Philip Gibbs
- Analyst Firm: KeyBanc
- Ratings Accuracy: 86%
- Latest Rating: On March 26, 2024, Philip Gibbs at KeyBanc sustained an Overweight rating on Worthington Steel, Inc. WS, pushing up the price target from $31 to $39, envisaging a 9% spike in the shares.
- Recent News: Worthington Steel flourished with its third-quarter financial performance, trumping expectations on March 21.
Analyst: Josh Siegler
- Analyst Firm: Cantor Fitzgerald
- Ratings Accuracy: 86%
- Latest Rating: March 28, 2024, saw Josh Siegler from Cantor Fitzgerald reiterate an Overweight rating on TeraWulf Inc. WULF with a price target of $4, heralding around 56% upside potential in the stock.
- Recent News: The company reported a Q1 loss of 3 cents per share on March 19, missing the analyst forecast by a cent.
Read More: $5M Bet On Snowflake? Check Out These 4 Stocks Insiders Are Buying