There are more than 500 brokerages and research houses that hire analysts to issue ratings and recommendations. Collectively, these brokerages and their analysts publish approximately 250,000 ratings each year. Every trading day, there are nearly 700 reports and recommendations that are released to the public. To say that it's difficult to separate the signal from the noise when interpreting this data would be an understatement.
MarketBeat has developed a system to track each brokerage and research house's stock recommendations and score them based on their past performance. If Goldman Sachs predicted that Apple's stock price would hit $150.00 on a specific date, how accurate were they? If Bank of America issued a "strong-buy" rating on a stock, how did that stock perform compared to the broader market over the following twelve months? This tracking system has been applied to the 1,000,000+ ratings that MarketBeat has tracked during the last ten years to identify which brokerages you can really trust (and which you can safely ignore).
This slide show lists the 10 brokerages who have issued the most accurate analyst recommendations over the past several years, as measured by the performance of their "buy" ratings and the accuracy of their price targets.
#1 - Stifel Firstegy
- Average 12 Month ROI on "Buy" Recommendations
- 106.586%
- Based on
- 53 research note(s)
- MarketBeat Brokerage Ranking
- 5 of 5 stars
Recent Recommendations from Stifel Firstegy
- Pine Cliff Energy Ltd. (TSE: PNE) was downgraded by analysts at Stifel Firstegy from a "buy" rating to a "hold" rating. (7/13/2023)
- Gibson Energy Inc. (TSE: GEI) was upgraded by analysts at Stifel Firstegy from a "hold" rating to a "buy" rating. (5/16/2023)
- Gibson Energy Inc. (OTCMKTS: GBNXF) was upgraded by analysts at Stifel Firstegy from a "hold" rating to a "buy" rating. (5/16/2023)
- Gibson Energy Inc. (OTCMKTS: GBNXF) had its "hold" rating re-affirmed by analysts at Stifel Firstegy. (5/2/2023)
- Birchcliff Energy Ltd. (TSE: BIR) was downgraded by analysts at Stifel Firstegy from a "buy" rating to a "hold" rating. (3/16/2023)
#2 - Taglich Brothers
- Average 12 Month ROI on "Buy" Recommendations
- 101.428%
- Based on
- 16 research note(s)
- MarketBeat Brokerage Ranking
- 5 of 5 stars
Recent Recommendations from Taglich Brothers
- Cosmos Health Inc. (NASDAQ: COSM) had its "speculative buy" rating re-affirmed by analysts at Taglich Brothers. (2/20/2024)
- Super League Enterprise, Inc. (NASDAQ: SLE) had its "speculative buy" rating re-affirmed by analysts at Taglich Brothers. (9/5/2023)
- BioSig Technologies, Inc. (NASDAQ: BSGM) had its "speculative buy" rating re-affirmed by analysts at Taglich Brothers. (4/10/2023)
- DecisionPoint Systems, Inc. (NYSEARCA: DPSI) had its "speculative buy" rating re-affirmed by analysts at Taglich Brothers. (4/6/2023)
- Air Industries Group (NYSEAMERICAN: AIRI) had its "speculative buy" rating re-affirmed by analysts at Taglich Brothers. (4/6/2023)
#3 - National Securities
- Average 12 Month ROI on "Buy" Recommendations
- 77.071%
- Based on
- 29 research note(s)
- MarketBeat Brokerage Ranking
- 5 of 5 stars
Recent Recommendations from National Securities
- JOYY Inc. (NASDAQ: YY) had its "buy" rating re-affirmed by analysts at National Securities. They now have a $132.00 price target on the stock. (6/18/2021)
- Oramed Pharmaceuticals Inc. (NASDAQ: ORMP) is now covered by analysts at National Securities. They set a "buy" rating on the stock. (2/9/2021)
- Genprex, Inc. (NASDAQ: GNPX) is now covered by analysts at National Securities. They set a "buy" rating and a $280.00 price target on the stock. (1/26/2021)
- iHuman Inc. (NYSE: IH) is now covered by analysts at National Securities. They set a "buy" rating and a $26.10 price target on the stock. (12/24/2020)
- iQIYI, Inc. (NASDAQ: IQ) had its "buy" rating re-affirmed by analysts at National Securities. They now have a $23.20 price target on the stock. (12/24/2020)
#4 - Siebert Williams Shank
- Average 12 Month ROI on "Buy" Recommendations
- 61.333%
- Based on
- 31 research note(s)
- MarketBeat Brokerage Ranking
- 5 of 5 stars
Recent Recommendations from Siebert Williams Shank
- Market Vectors Indian Rupee/USD ETN (NYSEARCA: INR) is now covered by analysts at Siebert Williams Shank. They set a "buy" rating and a $23.00 price target on the stock. (6/13/2025)
- TXNM Energy, Inc. (NYSE: TXNM) was downgraded by analysts at Siebert Williams Shank from a "strong-buy" rating to a "hold" rating. (5/23/2025)
- Otter Tail Co. (NASDAQ: OTTR) was upgraded by analysts at Siebert Williams Shank from a "hold" rating to a "buy" rating. They now have a $83.00 price target on the stock, up previously from $82.00. (5/7/2025)
- Civitas Resources, Inc. (NYSE: CIVI) was downgraded by analysts at Siebert Williams Shank from a "buy" rating to a "hold" rating. They now have a $42.00 price target on the stock, down previously from $80.00. (3/5/2025)
- Vital Energy, Inc. (NYSE: VTLE) was downgraded by analysts at Siebert Williams Shank from a "buy" rating to a "hold" rating. They now have a $27.00 price target on the stock, down previously from $62.00. (3/5/2025)
#5 - Tudor Pickering & Holt
- Average 12 Month ROI on "Buy" Recommendations
- 59.836%
- Based on
- 192 research note(s)
- MarketBeat Brokerage Ranking
- 5 of 5 stars
Recent Recommendations from Tudor Pickering & Holt
- Pembina Pipeline Co. (TSE: PPL) had its price target raised by analysts at Tudor Pickering & Holt from C$55.00 to C$56.00. (7/5/2024)
- TC Energy Co. (TSE: TRP) had its price target raised by analysts at Tudor Pickering & Holt from C$63.00 to C$65.00. They now have a "hold" rating on the stock. (2/16/2022)
- Keyera Corp. (TSE: KEY) was given a new C$31.00 price target on by analysts at Tudor Pickering & Holt. They now have a "hold" rating on the stock. (2/16/2022)
- Whitecap Resources Inc. (TSE: WCP) was given a new C$10.50 price target on by analysts at Tudor Pickering & Holt. They now have a "buy" rating on the stock. (2/14/2022)
- Enbridge Inc. (TSE: ENB) was given a new C$53.00 price target on by analysts at Tudor Pickering & Holt. They now have a "hold" rating on the stock. (2/11/2022)
#6 - Tudor Pickering
- Average 12 Month ROI on "Buy" Recommendations
- 59.036%
- Based on
- 218 research note(s)
- MarketBeat Brokerage Ranking
- 5 of 5 stars
Recent Recommendations from Tudor Pickering
- Phillips 66 (NYSE: PSX) was downgraded by analysts at Tudor Pickering from a "strong-buy" rating to a "hold" rating. (5/22/2025)
- Suncor Energy Inc. (TSE: SU) was upgraded by analysts at Tudor Pickering from a "hold" rating to a "strong-buy" rating. (2/10/2025)
- Canadian Natural Resources Limited (TSE: CNQ) was downgraded by analysts at Tudor Pickering from a "strong-buy" rating to a "hold" rating. (2/10/2025)
- Suncor Energy Inc. (NYSE: SU) was upgraded by analysts at Tudor Pickering from a "hold" rating to a "strong-buy" rating. (2/10/2025)
- Canadian Natural Resources Limited (NYSE: CNQ) was downgraded by analysts at Tudor Pickering from a "strong-buy" rating to a "hold" rating. (2/10/2025)
#7 - Gabelli
- Average 12 Month ROI on "Buy" Recommendations
- 51.686%
- Based on
- 11 research note(s)
- MarketBeat Brokerage Ranking
- 5 of 5 stars
Recent Recommendations from Gabelli
- Iterum Therapeutics plc (NASDAQ: ITRM) was upgraded by analysts at Gabelli from a "sell" rating to a "hold" rating. They now have a $10.50 price target on the stock. (7/27/2021)
- Stanley Black & Decker, Inc. (NYSE: SWK) was upgraded by analysts at Gabelli from a "hold" rating to a "buy" rating. (6/17/2021)
- Iterum Therapeutics plc (NASDAQ: ITRM) was upgraded by analysts at Gabelli from a "sell" rating to a "hold" rating. (5/28/2021)
- Ferro Co. (NYSE: FOE) had its "sell" rating re-affirmed by analysts at Gabelli. (5/18/2021)
- nCino, Inc. (NASDAQ: NCNO) was upgraded by analysts at Gabelli from a "hold" rating to a "buy" rating. (5/14/2021)
#8 - Stifel Canada
- Average 12 Month ROI on "Buy" Recommendations
- 43.314%
- Based on
- 17 research note(s)
- MarketBeat Brokerage Ranking
- 5 of 5 stars
Recent Recommendations from Stifel Canada
- Cargojet Inc. (TSE: CJT) was upgraded by analysts at Stifel Canada to a "strong-buy" rating. (6/11/2025)
- Western Copper and Gold Co. (TSE: WRN) was upgraded by analysts at Stifel Canada to a "strong-buy" rating. (6/10/2025)
- Western Copper & Gold Corp (NYSE: WRN) was upgraded by analysts at Stifel Canada to a "strong-buy" rating. (6/10/2025)
- Maple Leaf Foods Inc. (TSE: MFI) was upgraded by analysts at Stifel Canada to a "strong-buy" rating. (6/2/2025)
- ATEX Resources Inc. (CVE: ATX) was upgraded by analysts at Stifel Canada to a "strong-buy" rating. (5/30/2025)
#9 - Laurentian
- Average 12 Month ROI on "Buy" Recommendations
- 41.986%
- Based on
- 41 research note(s)
- MarketBeat Brokerage Ranking
- 5 of 5 stars
Recent Recommendations from Laurentian
- Altius Minerals Co. (TSE: ALS) had its price target raised by analysts at Laurentian from C$23.50 to C$23.75. (5/9/2024)
- Mainstreet Equity Corp. (TSE: MEQ) was given a new C$180.00 price target on by analysts at Laurentian. They now have a "buy" rating on the stock. (1/22/2024)
- Granite Real Estate Investment Trust (TSE: GRT.UN) had its price target raised by analysts at Laurentian from C$80.00 to C$90.00. They now have a "buy" rating on the stock. (1/22/2024)
- Boardwalk Real Estate Investment Trust (TSE: BEI.UN) had its price target raised by analysts at Laurentian from C$75.00 to C$80.00. (1/22/2024)
- Canadian Apartment Properties REIT (TSE: CAR.UN) was given a new C$55.00 price target on by analysts at Laurentian. They now have a "buy" rating on the stock. (1/22/2024)
#10 - Fearnley Fonds
- Average 12 Month ROI on "Buy" Recommendations
- 37.669%
- Based on
- 15 research note(s)
- MarketBeat Brokerage Ranking
- 5 of 5 stars
Recent Recommendations from Fearnley Fonds
- Energy Recovery, Inc. (NASDAQ: ERII) was upgraded by analysts at Fearnley Fonds from a "hold" rating to a "strong-buy" rating. (5/20/2025)
- Scorpio Tankers Inc. (NYSE: STNG) was upgraded by analysts at Fearnley Fonds from a "hold" rating to a "strong-buy" rating. (5/6/2025)
- TORM plc (NASDAQ: TRMD) was upgraded by analysts at Fearnley Fonds from a "hold" rating to a "strong-buy" rating. (5/6/2025)
- Ardmore Shipping Co. (NYSE: ASC) was upgraded by analysts at Fearnley Fonds from a "hold" rating to a "strong-buy" rating. (5/6/2025)
- Hafnia Limited (NYSE: HAFN) was upgraded by analysts at Fearnley Fonds to a "strong-buy" rating. (5/6/2025)
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