NEW YORK, Jan. 22, 2018 /PRNewswire/ — TipRanks, the world’s leading analyst ranking service, has identified the Top 20 Wall Street analysts of 2017.
The ranking was based on the analysts’ ability to generate return with their stock ratings and price targets. TipRanks’ algorithms calculated the average return and statistical significance of each rating, as well as the overall success rate. Each rating made during 2017 was measured over a time-frame of 3 months.
TipRanks discovered that one key sector — tech — dominated. Out of the top 20 analysts of last year, no less than 16 specialized in the tech sector. This again underlines how tech stocks outperformed the rest of the market in 2017. Just one analyst from the healthcare sector (Ritu Baral) made it onto the list and three from the services sector (Rachel Rothman, Jeffrey Silber and Carlo Santarelli). In stark contrast, in 2016, half of the top analysts specialized in the basic materials sector.
Oppenheimer, a New York-based investment bank and financial services company, is the only bank to be represented by three analysts with Brian Schwartz, Ittai Kidron and Glenn Greene in 4th, 6th and 9th place respectively.
CEO of TipRanks, Uri Gruenbaum, commented, “While we are not an analyst endorsement platform, we are always excited to see those that generate excess returns and feel obligated to highlight them. Clearly, 2017 was the year of the smaller research firms as most of the top performing analysts came from private research firms.”
The top 20 analysts of 2017 are:
For more information on these top 20 analysts, visit TipRanks.
Founded in 2012 by Uri Gruenbaum and Gilad Gat, TipRanks raised capital from a line of VCs and industry leaders including former New York Governor Eliot Spitzer and Cornell Finance Professor Roni Michaeli. TipRanks provides a data-driven measure of accuracy for published financial advice. The purpose: bringing accountability into the markets. Over 40,000 financial experts are tracked by TipRanks’ NLP algorithms including Wall Street analysts, financial bloggers, corporate insiders and hedge fund managers. TipRanks was awarded First Place for Outstanding Achievement at the IBM Watson awards in 2015 and was named one of the world’s 50 Fintech “Emerging Stars” by KPMG and H2 Ventures.
For additional information: