The TipRanks All-star Analyst of the Day title goes to TD Cowen analyst Matt Ramsay. Remarkably, Ramsay ranks #22 out of the 8,565 Wall Street analysts tracked by TipRanks. One of the key stocks in his coverage is Nvidia (NASDAQ:NVDA), for which he is both the Most Accurate and Most Profitable analyst.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Most Profitable and Accurate Analyst on NVDA Stock
When we look at Ramsay’s recommendation for Nvidia, one of the leading semiconductor players that is gaining immense attention due to the use of its products in generative artificial intelligence (AI), we see that over the past year, the analyst has had an impressive 89% success rate on the stock. Plus, he has earned an average return of 107.16% in the said period.
On an overall basis, copying Ramsay’s trades and holding them for a year would give you an average return of 26.1%, with 63% of your trades generating a profit.
Ramsay primarily focuses on the Technology sector in the U.S., Germany, U.K., France, and Canadian markets. Interestingly, his most profitable rating to date is also a Buy on Nvidia. The analyst earned an impressive 292.6% return on the call between October 10, 2022 and October 10, 2023.
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.
