The TipRanks All-star Analyst of the Day title goes to Oppenheimer analyst Rupesh Parikh. Remarkably, Parikh ranks #119 out of 8,725 Wall Street analysts tracked by TipRanks. One of the key stocks in his coverage is Ulta Beauty (NASDAQ:ULTA), 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 ULTA Stock
When we look at Parikh’s recommendation for Ulta Beauty, a leading beauty retailer, we see that over the past year, the analyst has had an impressive 73% success rate on the stock. Plus, he has earned an average return of 36.68% in the said period.
On an overall basis, copying Parikh’s trades and holding them for a year would give you an average return of 13.7%, with 64% of your trades generating a profit.
Parikh primarily focuses on the Services sector in the U.S. and Canadian markets. Interestingly, his most profitable rating to date is a Buy on Ulta Beauty. The analyst earned an impressive 246.1% return on the call between March 20, 2009 and Mar 20, 2010.
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.
