The TipRanks All-star Analyst of the Day title goes to Deepak Mathivanan of research firm Wolfe Research. Remarkably, Mathivanan ranks #105 out of the 8,802 Wall Street analysts tracked by TipRanks. One of the key stocks in his coverage is Mercadolibre (NASDAQ:MELI), for which he is both the Most Accurate and Most Profitable analyst.
Most Profitable and Accurate Analyst on MELI Stock
When we look at Mathivanan’s recommendation for Mercadolibre stock, Latin America’s leading online marketplace and payments platform, we see that over the past year, Mathivanan has had an 86% success rate on the stock. Plus, he has earned average returns of 47.38% in the said period.
On an overall basis, copying Mathivanan’s trades and holding them for a year would give you an average return of 20.50%, with 63% of your trades generating a profit.
Not Just MELI
Mathivanan primarily focuses on the Technology sector in the U.S. market. Interestingly, his most profitable rating to date is a Buy on fitness equipment maker Peloton Interactive (PTON). The analyst earned an impressive 458.40% return on the call between October 21, 2019 and October 21, 2020.
Following phenomenally successful analysts’ ratings can add profit to your portfolio. Find the best analyst to follow for any stock by scrolling down to the “Best Analyst Covering” feature on its Analyst Forecast page.
To follow the best Wall Street analysts, take a look at the list of Top Analysts on TipRanks.
