The TipRanks All-star Analyst of the Day title goes to Piper Sandler analyst Alexander Potter. Remarkably, Potter ranks #413 out of the 8,763 Wall Street analysts tracked by TipRanks. One of the key stocks in his coverage is Tesla (NASDAQ:TSLA), for which he is both the Most Accurate and Most Profitable analyst.
Most Profitable and Accurate Analyst on TSLA Stock
When we look at Potter’s recommendation for the electric vehicle giant Tesla, we see that over the past year, the analyst has had an impressive 60% success rate on the stock. Plus, he has earned an average return of 97.63% in the said period.
On an overall basis, copying Potter’s trades and holding them for a year would give you an average return of 19.8%, with 46% of your trades generating a profit.
Potter primarily focuses on the Consumer Goods sector in the U.S., Hong Kong, and Canadian markets. Interestingly, his most profitable rating to date is also a Buy on Tesla. The analyst earned an impressive 800% return on the call between January 10, 2020, and January 10, 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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