Investors are still weighing the implications of a potential change in monetary policy from the Federal Reserve, as well as supply chain-related issues.
TipRanks analyst forecasting service works to pinpoint Wall Street’s best-performing analysts. These are the analysts with the highest success rate and average return per rating, factoring in the number of ratings assigned by each analyst.
Here are the best-performing analysts’ top stock picks right now.
Seagate Technology
On account of strong broad-based demand in the mass capacity market and distribution channel, Seagate Technology just bumped up its guidance for revenue and earnings in the fiscal fourth quarter of 2021.
Analyst Kevin Cassidy of Rosenblatt Securities is even more optimistic about the data storage products provider. To this end, the top analyst increased the price target from $95 to $110 in addition to reiterating a Buy rating. Based on current levels, this price target indicates 11% upside potential.
