The TipRanks All-Star Analyst of the Day title goes to Rob Sanderson of research firm Loop Capital Markets. Remarkably, Sanderson ranks #500 out of the 8,763 Wall Street analysts tracked by TipRanks. One of the key stocks in his coverage is Amazon.com (NASDAQ:AMZN), for which he is the Most Accurate and Most Profitable analyst.
Amazon is an e-commerce giant and a leading cloud computing player.
Most Profitable and Accurate Analyst on AMZN Stock
When we look at Sanderson’s recommendation for AMZN stock, we see that over the past year, Sanderson has had a 93% success rate on the stock. Plus, he has earned an impressive average return of 34.83% in the said period.
On an overall basis, copying Sanderson’s trades and holding them for a year would give you an average return of 12.5%, with 56% of your trades generating a profit.
Not Just AMZN
Sanderson primarily focuses on covering the technology sector in the U.S. market. Importantly, his most profitable rating to date was a Buy on Pinterest (PINS). PINS is a social media platform that allows users to discover and save ideas for various projects and interests. The analyst earned a massive 410.6% return on the call between April 9, 2020, and April 9, 2021.
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.
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