Top 10 Analysts
As the investment landscape continually evolves, the role of analysts remains crucial in guiding investor decisions. The top analysts are evaluated based on their overall performance, which includes the accuracy of their ratings, the precision of their target forecasts, and their track record in achieving target returns. Here’s a detailed look at the top 10 analysts to follow so far in 2024, highlighting their performance metrics and rankings.
1. Morgan Stanley & Co.
- Rank: #1 of 368
- Total Ratings: 10,487
- Total Targets: 10,502
- Rating Accuracy: 47.99%
- Target Accuracy: -12%
- Target Return: -1%
Morgan Stanley & Co. holds the top spot with a substantial number of ratings and targets. Despite a rating accuracy of 47.99%, which reflects a nearly even split between positive and negative forecasts, their target accuracy and return metrics suggest challenges in meeting set targets. The -12% target accuracy indicates that predictions often deviate significantly from actual outcomes, and the -1% target return underscores difficulties in achieving forecasted returns.
2. RBC Capital Markets
- Rank: #2 of 368
- Total Ratings: 7,379
- Total Targets: 8,346
- Rating Accuracy: 48.43%
- Target Accuracy: -17%
- Target Return: -1%
RBC ranks second with a strong volume of ratings and targets. Their rating accuracy of 48.43% indicates a balanced approach but with room for improvement. The -17% target accuracy suggests that RBC’s forecasts frequently miss the mark, and the -1% target return highlights a slight struggle in achieving projected returns.
3. Barclays Capital
- Rank: #3 of 368
- Total Ratings: 7,076
- Total Targets: 8,427
- Rating Accuracy: 49.89%
- Target Accuracy: -13%
- Target Return: 0%
Barclays sits at the third position with a slightly higher rating accuracy of 49.89%. Although their target accuracy of -13% indicates that there are frequent discrepancies between forecasts and actual outcomes, their 0% target return suggests that they are meeting their return expectations.
4. Raymond James
- Rank: #4 of 368
- Total Ratings: 7,260
- Total Targets: 7,386
- Rating Accuracy: 44.85%
- Target Accuracy: -23%
- Target Return: -3%
Raymond James holds the fourth spot with a rating accuracy of 44.85%, reflecting a lower proportion of accurate forecasts. The significant -23% target accuracy and -3% target return suggest that their predictions and target achievements face considerable challenges.
5. J.P. Morgan Chase & Co.
- Rank: #5 of 368
- Total Ratings: 6,048
- Total Targets: 8,036
- Rating Accuracy: 48.07%
- Target Accuracy: -15%
- Target Return: -1%
J.P. Morgan Chase & Co. is fifth, with a rating accuracy of 48.07%. Despite their strong volume of targets, their -15% target accuracy and -1% target return indicate that their forecasts often miss expectations and achieve modest returns.
6. Wells Fargo & Company
- Rank: #6 of 368
- Total Ratings: 5,331
- Total Targets: 5,813
- Rating Accuracy: 50.15%
- Target Accuracy: -11%
- Target Return: 0%
Wells Fargo & Company stands out with the highest rating accuracy of 50.15% among the top 10. Their -11% target accuracy and 0% target return suggest some issues with meeting target forecasts but overall consistent returns.
7. Citigroup
- Rank: #7 of 368
- Total Ratings: 5,536
- Total Targets: 6,623
- Rating Accuracy: 48.00%
- Target Accuracy: -15%
- Target Return: -1%
Citigroup ranks seventh with a rating accuracy of 48.00%. The -15% target accuracy and -1% target return point to challenges in achieving forecasted outcomes and returns.
8. Scotia Capital
- Rank: #8 of 368
- Total Ratings: 5,273
- Total Targets: 6,470
- Rating Accuracy: 46.66%
- Target Accuracy: -20%
- Target Return: -1%
Scotia Capital, ranked eighth, has a rating accuracy of 46.66% and a -20% target accuracy. Their -1% target return suggests difficulties in meeting targets and achieving positive returns.
9. STA Research
- Rank: #9 of 368
- Total Ratings: 5,030
- Total Targets: 4,501
- Rating Accuracy: 46.94%
- Target Accuracy: -9%
- Target Return: -2%
STA Research is in the ninth position with a rating accuracy of 46.94%. Their -9% target accuracy and -2% target return reflect modest success in meeting forecasts but challenges in achieving positive returns.
10. Goldman Sachs & Co.
- Rank: #10 of 368
- Total Ratings: 4,528
- Total Targets: 4,830
- Rating Accuracy: 48.34%
- Target Accuracy: -15%
- Target Return: -1%
Goldman Sachs & Co. completes the top 10 with a rating accuracy of 48.34%. Their -15% target accuracy and -1% target return indicate that while their ratings are fairly accurate, their forecasts and returns have struggled to meet expectations.
Conclusion
The top 10 analysts of 2024 showcase a range of performances, from high rating accuracy to challenges in meeting target forecasts. Morgan Stanley & Co., RBC, and Barclays lead in volume and accuracy but face challenges in achieving positive returns. Analysts such as Raymond James and Scotia Capital demonstrate significant difficulties in meeting forecasted targets. Investors should consider these metrics to gauge the reliability and effectiveness of each analyst’s recommendations and adjust their investment strategies accordingly.
STA Research is a independent Investment Research company that specializes in stock forecasting and analysis with integrated AI.
