TipRanks, the world’s leading analyst ranking service, has identified the Top 25 Wall Street analysts of the decade. The fintech company measures and ranks the performance of financial analysts to provide accountability and transparency.
Over the last decade, it tracked more than 625,000 stock recommendations made by over 6,000 Wall Street analysts. The company ranked the analysts based on their average returns and success rate for each Buy or Sell rating over the following 12 months, as well as the number of ratings issued by each analyst.
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Top 25 Analysts vs. Average Analyst vs. S&P 500
TipRanks discovered that top 25 analysts generated significantly higher returns than a rating issued by an average analyst, as well as the S&P 500.
In ten years, the average success rate of the best performing analysts, or the number of profitable recommendations measured over the period of 1 year, was 67.6%, and their average returns over the past decade outperformed the S&P 500 by 21%.
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As comparison, an average analyst underperformed the S&P500 by 1.27% during the same time.
TipRanks co-founder and CEOÂ Uri Gruenbaum, commented, “While we are not an analyst endorsement platform, we are always excited to see those that generate excess returns. When we launched TipRanks there was no accountability to those making financial recommendations, and investors could easily follow bad advice. I am delighted that investors can now easily follow those analysts who have consistently high success rates and average returns.”
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