The TipRanks All-star Analyst of the Day title goes to analyst Doug Anmuth of research firm J.P. Morgan. Remarkably, Anmuth ranks #79 out of the 9,284 Wall Street analysts tracked by TipRanks. One of the key stocks in his coverage is Chewy (CHWY), for which he is both the Most Accurate and Most Profitable analyst.
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Chewy is an online pet product retailer that provides pet food, supplies, and services through its e-commerce platform. For a thorough assessment of the stock, go to TipRanks’ Stock Analysis page.
Most Profitable and Accurate Analyst on CHWY Stock
When we look at Anmuth’s recommendation for Snap stock, we see that over the past year, Anmuthhas had a 70% success rate on the stock. Plus, he has earned average returns of 38.50% in the said period.
On an overall basis, copying Anmuth’s trades and holding them for a year would give you an average return of 18.90%, with 63% of your trades generating a profit.
Not Just CHWY
Anmuth primarily focuses on the Technology sector in the U.S. market. Interestingly, his most profitable rating to date is a Buy on Snap Inc. (SNAP), the parent company of the instant messaging app Snapchat. The analyst earned an impressive 598.8% return on the call between March 18, 2020, and March 18, 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.
To follow the best Wall Street analysts, take a look at the list of Top Analysts on TipRanks.
