The TipRanks All-star Analyst of the Day title goes to TD Cowen analyst Matt Ramsay. Remarkably, Ramsay ranks #11 out of the 8,789 Wall Street analysts tracked by TipRanks. One of the key stocks in his coverage is Nvidia (NASDAQ:NVDA), for which he is both the Most Accurate and Most Profitable analyst.
Most Profitable and Accurate Analyst on NVDA Stock
When we look at Ramsay’s recommendation for Nvidia, one of the leading semiconductor players that is gaining immense attention due to the use of its products in generative artificial intelligence (AI), we see that over the past year, the analyst has had an impressive 94% success rate on the stock. Plus, he has earned an average return of 121.68% in the said period.
On an overall basis, copying Ramsay’s trades and holding them for a year would give you an average return of 30.6%, with 68% of your trades generating a profit.
Ramsay primarily focuses on the Technology sector in the U.S., Germany, U.K., France, and Canadian markets. Interestingly, his most profitable rating to date is also a Buy on NVDA stock. To date, the analyst has earned an impressive 292.6% return on the call between October 10, 2022, and October 10, 2023.
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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