Wall Street analysts make new stock picks on a daily basis. Unfortunately, not all analysts and the stocks they pick are winners. Analyst opinions and ratings can vary significantly for a particular stock, making it difficult for investors to know which analysts to trust. Fortunately, TipRanks has implemented a system to track analyst stock picks for 12 months following each analyst rating. TipRanks has compiled the overall performance of more than 8,000 analysts and ranked them from best to worst.
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Here’s a look at recent stock picks from each of the eight highest-ranked Wall Street analysts of the past decade. The analyst rankings, success rates and average returns are as of June 1:
| Stock Pick | Implied Upside Over June 5 Close |
| Nvidia Corp. (ticker: NVDA) | 20.5% |
| Daseke Inc. (DSKE) | 82.6% |
| Credo Technology Group Holding Ltd. (CRDO) | 6.4% |
| Green Impact Partners Inc. (GIPIF) | 96.5% |
| Dollar Tree Inc. (DLTR) | 19.8% |
| Marvell Technology Inc. (MRVL) | 20.6% |
| Broadcom Inc. (AVGO) | 8.4% |
| Eagle Materials Inc. (EXP) | 5.8% |
Nvidia Corp. (NVDA)
Out of more than 8,000 total analysts in the TipRanks database, Jefferies analyst Mark Lipacis is rated No. 1 based on his stock-picking track record over the past 10 years. Lipacis has an impressive 73% success rate on his stock ratings, and his 498 stock picks generated an average return of 30.3%. Semiconductor stock Nvidia is among Lipacis’ latest stock picks. Lipacis reiterated bullish coverage of Nvidia on May 24, and the stock is already up more than 28% since that call. Lipacis has a “buy” rating and $472 price target for NVDA stock, which closed at $391.71 on June 5.
Daseke Inc. (DSKE)
The next highest-ranked analyst in the TipRanks database is TD Cowen analyst Jason Seidl. An impressive 366 out of Seidl’s 495 stock picks have generated a positive one-year return, a success rate of 74%. Seidl’s average return is 25.4%. One of Seidl’s most recent stock picks is Daseke, which provides transportation and logistics services. Daseke shares have taken a 20% hit in the past year, but Seidl clearly sees the dip as a buying opportunity. He’s been consistently bullish on the stock since August 2018. Seidl has a “buy” rating and $12 price target for DSKE stock, which closed at $6.57 on June 5.
Credo Technology Group Holding Ltd. (CRDO)
Needham analyst Quinn Bolton has an impressive 71% success rate on his stock ratings, but his average return of 37.5% on those 496 stock picks is even more impressive. High-speed connectivity company Credo Technology is among Bolton’s latest stock picks. Bolton initiated bullish coverage of Credo Technology on Feb. 21, 2022, and has reiterated it eight times since. During that period, Credo shares are down 12%. Despite the underperformance, Bolton isn’t throwing in the towel on Credo, reiterating his bullish coverage on May 31. Bolton has a “buy” rating and $17 price target for CRDO stock, which closed at $15.98 on June 5.
Green Impact Partners Inc. (GIPIF)
National Bank analyst Dan Payne is fourth on the TipRanks list of top analysts. Payne has a 66% success rate, and his 232 stock picks have generated an average return of 56.7%. Payne covers many Canadian stocks, and he recently reiterated his bullish stance on clean energy company Green Impact Partners. Payne initiated his bullish coverage of Green Impact back in August 2022. Green Impact shares are up 32.7% in 2023. Payne has a “buy” rating and $11.08 price target for GIPIF stock, which closed at $5.64 on June 5.
[READ: 10 Best Tech Stocks to Buy for 2023]
Dollar Tree Inc. (DLTR)
In fifth place among TipRanks’ top-performing analysts is Truist Financial analyst Scot Ciccarelli. Ciccarelli has a 72% success rate, and his 493 stock picks have generated an average return of 19.7%. Shares of discount retailer Dollar Tree are up nearly 60% over the past five years, and Ciccarelli has been bullish on the stock since way back in 2018. Dollar Tree recently reported an earnings miss and cut its full-year guidance, sending its stock price lower and creating a potential buying opportunity for investors. Ciccarelli has a “buy” rating and $156 price target for DLTR stock, which closed at $130.24 on June 5.
Marvell Technology Inc. (MRVL)
Semiconductor stock Marvell Technology is one of the latest stock picks from Oppenheimer analyst Rick Schafer, the sixth-ranked Wall Street analyst on TipRanks. Schafer has a 73% success rate among 499 stock picks, and his ratings have generated an average return of 22.6%. Schafer has been bullish on Marvell since May 2017, and the stock has outpaced the overall S&P 500 by nearly 185% since his initial upgrade. Marvell stock recently rallied more than 40% in a week as investors bet big on artificial intelligence chips. Schafer has a “buy” rating and $70 price target for MRVL stock, which closed at $58.03 on June 5.
Broadcom Inc. (AVGO)
Semiconductor stock Broadcom is one of the latest stock picks from Deutsche Bank analyst Ross Seymore, the No. 7 top Wall Street analyst on TipRanks. Seymore has a 77% success rate among 362 stock picks, and his ratings have generated an average return of 24.8%. Seymore has been bullish on Broadcom since November 2018. The stock has outperformed the S&P 500 by 190% since his initial upgrade. In May, Broadcom announced a multibillion-dollar deal with Apple Inc. (AAPL) to produce 5G device components in the U.S. Seymore has a “buy” rating and $870 price target for AVGO stock, which closed at $802.30 on June 5.
Eagle Materials Inc. (EXP)
The final analyst to make the TipRanks top eight of the past decade is Raymond James analyst Patrick Brown. Brown has a 76% success rate among 502 stock picks, and his 18.1% average return is also impressive. One of Brown’s latest stock picks is construction materials company Eagle Materials. Eagle produces the cement and wallboard used in residential, commercial, industrial and infrastructure construction. Since Brown initiated his bullish coverage of Eagle Materials in August 2022, shares have outperformed the S&P 500 by more than 23%. Brown has a “buy” rating and $176 price target for EXP stock, which closed at $166.37 on June 5 .
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Update 06/06/23: This story was previously published at an earlier date and has been updated with new information.
