The TipRanks All-Star Analyst of the Day title goes to Josh Beck of research firm Raymond James. Remarkably, Beck ranks #124 out of the 8,844 Wall Street analysts tracked by TipRanks. One of the key stocks in his coverage is Reddit (NYSE:RDDT), for which he is the Most Accurate and Most Profitable analyst.
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RDDT provides a social news website and forum where stories are curated and promoted by its users.
Most Profitable and Accurate Analyst on RDDT Stock
When we look at Beck’s recommendation for Reddit stock, we see that over the past year, the analyst has had a 100% success rate on the stock. Plus, he has earned an impressive average return of 21.05% in the said period.
On an overall basis, copying Beck’s trades and holding them for a year would give you an average return of 17%, with 60% of your trades generating a profit.
Not Just RDDT
Beck primarily focuses on covering the technology sector in the U.S., U.K., and Canadian markets. Importantly, his most profitable rating to date was a Buy on Block (SQ). SQ is a financial services and digital payments company. The analyst earned a massive 457.8% return on the call between March 23, 2020, and March 23, 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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