TipRanks’ All-Star Analyst – Who Is the Best on AMZN Stock?

The TipRanks All-star Analyst of the Day title goes to analyst Daniel Salmon of New Street. Remarkably, Salmon ranks #389 out of the 9,437 Wall Street analysts tracked by TipRanks. One of the key stocks in his coverage is Amazon (AMZN), for which he is the Best analyst over a one-year time frame.

Amazon is an e-commerce giant and a leading cloud computing player. For a thorough assessment of the stock, go to TipRanks’ Stock Analysis page.

Best Analyst on AMZN Stock over One Year

When we look at Salmon’s recommendation for AMZN stock, we see that over the past year, Salmon has had a 77% success rate on the stock. Plus, he has earned an average return of 27.19% in the said period.

On an overall basis, copying Salmon’s trades and holding them for a year would give you an average return of 11.40%, with 59% of your trades generating a profit.

Not Just AMZN

Salmon primarily focuses on covering the Technology sector in the U.S., Canadian and UK markets. Importantly, his most profitable rating to date was a Buy on FuboTV (FUBO), a sports-centric streaming platform. The analyst earned a massive 430.80% return on the call between November 02, 2020, and December 23, 2020.

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.