This Analyst With 86% Accuracy Rate Sees Around 13% Downside In Intel - Here Are 5 Stock Picks For July From Wall Street's Most Accurate Analysts

Author: Lisa Levin | August 01, 2023 07:57am

U.S. stocks closed mostly higher on Monday, ending the July month on upbeat quarterly earnings. All three major stock indices recorded gains for July, with the S&P 500 adding 3.1% for the month

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.

Benzinga's Analyst Ratings API is a collection of the highest-quality stock ratings curated by the Benzinga news desk via direct partnerships with major sell-side banks. Benzinga 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 Benzinga Pro subscribers and Benzinga readers regularly receive can successfully be used as trading indicators to outperform the stock market.

Top Analyst Picks: Fortunately, any Benzinga reader can access the latest analyst ratings on the Analyst Stock Ratings page. One of the ways traders can sort through Benzinga'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 Benzinga Analyst Stock Ratings.

Analyst: Zachary Fadem

Analyst Firm: Wells Fargo
Ratings Accuracy: 87%
Latest Rating: Maintained an Equal-Weight rating on McDonald's Corporation (NYSE:MCD) and increased the price target from $304 to $310 on July 28, 2023. This analyst sees around 6% upside in the stock.
Recent News: McDonald’s Corporation reported second-quarter financial results that beat analyst estimates for earnings per share and revenue.

Analyst: Nicholas Cucharale

Analyst Firm: Raymond James
Ratings Accuracy: 86%
Latest Rating: Maintained an Overweight rating on Capital Bancorp, Inc. (NASDAQ:CBNK) and raised the price target from $22 to $23 on July 31, 2023. This analyst sees around 14% upside in the stock.
Recent News: Capital Bancorp announced the appointment of Jennings "Jay" Walker as the new Chief Financial Officer (CFO) of the company and Capital Bank.

Analyst: Mark Levin

Analyst Firm: Benchmark
Ratings Accuracy: 86%
Latest Rating: Maintained a Buy rating on Union Pacific Corporation (NYSE:UNP) and raised the price target from $230 to $264 on July 27, 2023. This analyst sees around 14% upside in the stock.
Recent News: Union Pacific reported a second-quarter FY23 operating revenue decline of 5% year-over-year to $5.96 billion, missing the consensus of $6.12 billion.

Analyst: William Power

Analyst Firm: Baird
Ratings Accuracy: 86%
Latest Rating: Maintained an Outperform rating on Dynatrace, Inc. (NYSE:DT) from Buy to Neutral and raised the price target from $53 to $59 on July 31, 2023. This analyst sees around 8% upside in the stock.
Recent News: Dynatrace signed definitive agreement to acquire Rookout.

Analyst: Chris Caso

Analyst Firm: Wolfe Research
Ratings Accuracy: 86%
Latest Rating: Maintained an Underperform rating on Intel Corporation (NASDAQ:INTC) and raised the price target from $27 to $31 on July 28, 2023. This analyst sees around 13% downside in the stock.
Recent News: Intel reported better-than-expected second-quarter results and issued strong guidance.