Top Ten Brokerages You Can Trust in 2018

Posted on Tuesday, August 21st, 2018 by MarketBeat Staff

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 175,000 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 was going to 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 650,000+ ratings that MarketBeat has tracked during the last five 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 - JPMorgan Chase & Co.

Average 12 Month ROI on "Buy" Recommendations: 166.880%
Variance of Price Targets: 69.979% (Lower is Better)
Based on: 789 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from JPMorgan Chase & Co.:

  • NMC Health PLC (LON: NMC) had its price target raised by analysts at JPMorgan Chase & Co. from GBX 3,270 to GBX 4,060. They now have a "neutral" rating on the stock. (8/21/2018)
  • Tesla Inc (NASDAQ: TSLA) was given a new $195.00 price target on by analysts at JPMorgan Chase & Co.. They now have an "underweight" rating on the stock. (8/20/2018)
  • Allianz SE (FRA: ALV) had its "buy" rating re-affirmed by analysts at JPMorgan Chase & Co.. (8/20/2018)
  • Walmart Inc (NYSE: WMT) was given a new $103.00 price target on by analysts at JPMorgan Chase & Co.. They now have a "neutral" rating on the stock. (8/20/2018)
  • Swiss Re AG (VTX: SREN) had its "buy" rating re-affirmed by analysts at JPMorgan Chase & Co.. (8/20/2018)

#2 - Societe Generale

Average 12 Month ROI on "Buy" Recommendations: 46.055%
Variance of Price Targets: 69.885% (Lower is Better)
Based on: 35 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from Societe Generale:

  • RWE AG (FRA: RWE) was given a new €25.20 price target on by analysts at Societe Generale. They now have a "buy" rating on the stock. (8/20/2018)
  • Linde AG/AKT o.N. (ETR: LIN) was given a new €225.00 price target on by analysts at Societe Generale. They now have a "buy" rating on the stock. (8/17/2018)
  • Henkel AG & Co KGaA Preference Shares (FRA: HEN3) was given a new €125.00 price target on by analysts at Societe Generale. They now have a "buy" rating on the stock. (8/17/2018)
  • Kimberly Clark Corp (NYSE: KMB) was downgraded by analysts at Societe Generale from a "buy" rating to a "hold" rating. They now have a $116.00 price target on the stock, down previously from $124.00. (8/15/2018)
  • Talanx AG (ETR: TLX) was given a new €38.00 price target on by analysts at Societe Generale. They now have a "buy" rating on the stock. (8/15/2018)

#3 - Summit Redstone

Average 12 Month ROI on "Buy" Recommendations: 38.439%
Variance of Price Targets: 72.628% (Lower is Better)
Based on: 20 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from Summit Redstone:

  • Mellanox Technologies, Ltd. (NASDAQ: MLNX) was given a new $75.00 price target on by analysts at Summit Redstone. They now have a "buy" rating on the stock. (2/21/2018)
  • Vonage Holdings Corp. (NYSE: VG) had its "hold" rating re-affirmed by analysts at Summit Redstone. (2/9/2018)
  • Snap Inc (NYSE: SNAP) was upgraded by analysts at Summit Redstone from a "sell" rating to a "hold" rating. They now have a $16.00 price target on the stock. (2/7/2018)
  • Qorvo Inc (NASDAQ: QRVO) was downgraded by analysts at Summit Redstone from a "hold" rating to a "sell" rating. (2/1/2018)
  • Western Digital Corp (NASDAQ: WDC) was downgraded by analysts at Summit Redstone from a "buy" rating to a "hold" rating. (1/26/2018)

#4 - CIBC

Average 12 Month ROI on "Buy" Recommendations: 36.952%
Variance of Price Targets: 73.527% (Lower is Better)
Based on: 600 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from CIBC:

  • Frontera Energy Corp (TSE: FEC) had its "outperform" rating re-affirmed by analysts at CIBC. They now have a C$30.00 price target on the stock. (8/17/2018)
  • Stella-Jones Inc (TSE: SJ) had its price target lowered by analysts at CIBC from C$55.00 to C$53.00. (8/16/2018)
  • Ivanhoe Mines Ltd (TSE: IVN) had its price target lowered by analysts at CIBC from C$3.50 to C$2.90. (8/16/2018)
  • Imperial Metals Corp (TSE: III) had its price target lowered by analysts at CIBC from C$1.90 to C$0.90. (8/16/2018)
  • Westshore Terminals Investment Corp (TSE: WTE) had its price target raised by analysts at CIBC from C$26.00 to C$27.00. (8/15/2018)

#5 - Monness Crespi & Hardt

Average 12 Month ROI on "Buy" Recommendations: 24.776%
Variance of Price Targets: 73.550% (Lower is Better)
Based on: 52 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from Monness Crespi & Hardt:

  • GCP Applied Technologies Inc (NYSE: GCP) was downgraded by analysts at Monness Crespi & Hardt from a "buy" rating to a "neutral" rating. They now have a $37.00 price target on the stock. (8/8/2018)
  • Hortonworks Inc (NASDAQ: HDP) had its price target raised by analysts at Monness Crespi & Hardt from $25.00 to $30.00. They now have a "buy" rating on the stock. (8/8/2018)
  • Rapid7 Inc (NASDAQ: RPD) had its price target raised by analysts at Monness Crespi & Hardt from $35.00 to $38.00. They now have a "buy" rating on the stock. (8/7/2018)
  • Valvoline Inc (NYSE: VVV) had its price target lowered by analysts at Monness Crespi & Hardt from $28.00 to $26.00. They now have a "buy" rating on the stock. (8/3/2018)
  • Fortinet Inc (NASDAQ: FTNT) had its price target raised by analysts at Monness Crespi & Hardt from $64.00 to $70.00. They now have a "buy" rating on the stock. (7/31/2018)

#6 - CLSA

Average 12 Month ROI on "Buy" Recommendations: 23.450%
Variance of Price Targets: 73.594% (Lower is Better)
Based on: 31 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from CLSA:

  • Vipshop Holdings Ltd - (NYSE: VIPS) was downgraded by analysts at CLSA from an "outperform" rating to a "sell" rating. They now have a $9.00 price target on the stock. (8/14/2018)
  • AU Optronics Corp (NYSE: AUO) was upgraded by analysts at CLSA from an "underperform" rating to an "outperform" rating. (7/27/2018)
  • Wipro Limited (NYSE: WIT) was downgraded by analysts at CLSA from an "underperform" rating to a "sell" rating. (7/24/2018)
  • YAHOO JAPAN Cor/ADR (OTCMKTS: YAHOY) was upgraded by analysts at CLSA from a "sell" rating to an "outperform" rating. (7/9/2018)
  • Wipro Limited (NYSE: WIT) was upgraded by analysts at CLSA from a "sell" rating to an "underperform" rating. (7/5/2018)

#7 - Drexel Hamilton

Average 12 Month ROI on "Buy" Recommendations: 23.210%
Variance of Price Targets: 81.927% (Lower is Better)
Based on: 154 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from Drexel Hamilton:

  • General Dynamics Co. (NYSE: GD) had its "buy" rating re-affirmed by analysts at Drexel Hamilton. They now have a $230.00 price target on the stock. (8/16/2018)
  • Engility Holdings Inc (NYSE: EGL) had its "hold" rating re-affirmed by analysts at Drexel Hamilton. (8/1/2018)
  • KEYW Holding Corp. (NASDAQ: KEYW) was downgraded by analysts at Drexel Hamilton from a "buy" rating to a "hold" rating. (8/1/2018)
  • Booz Allen Hamilton Holding Co. (NYSE: BAH) had its "hold" rating re-affirmed by analysts at Drexel Hamilton. (7/30/2018)
  • KBR, Inc. (NYSE: KBR) had its "buy" rating re-affirmed by analysts at Drexel Hamilton. They now have a $22.00 price target on the stock. (7/30/2018)

#8 - BNP Paribas

Average 12 Month ROI on "Buy" Recommendations: 19.852%
Variance of Price Targets: 83.800% (Lower is Better)
Based on: 17 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from BNP Paribas:

  • Just Eat PLC (LON: JE) had its price target raised by analysts at BNP Paribas from GBX 700 to GBX 730. They now have an "underperform" rating on the stock. (8/16/2018)
  • Burberry Group plc (LON: BRBY) had its price target raised by analysts at BNP Paribas from GBX 1,800 to GBX 1,950. They now have a "neutral" rating on the stock. (8/10/2018)
  • Kering (EPA: KER) was given a new €470.00 price target on by analysts at BNP Paribas. They now have a "sell" rating on the stock. (8/10/2018)
  • LVMH Moet Hennessy Louis Vuitton SE (EPA: MC) was given a new €348.00 price target on by analysts at BNP Paribas. They now have a "buy" rating on the stock. (8/10/2018)
  • Hugo Boss AG Common Stock (ETR: BOSS) was given a new €82.00 price target on by analysts at BNP Paribas. They now have a "buy" rating on the stock. (8/10/2018)

#9 - Pacific Crest

Average 12 Month ROI on "Buy" Recommendations: 34.922%
Variance of Price Targets: 62.733% (Lower is Better)
Based on: 176 research note(s)
MarketBeat Star Ranking: star star star star

Recent Recommendations from Pacific Crest:

  • Apple Inc. (NASDAQ: AAPL) was upgraded by analysts at Pacific Crest from a "sector weight" rating to an "overweight" rating. They now have a $187.00 price target on the stock. (10/16/2017)
  • GrubHub Inc (NYSE: GRUB) had its "overweight" rating re-affirmed by analysts at Pacific Crest. They now have a $62.00 price target on the stock. (9/25/2017)
  • Netflix, Inc. (NASDAQ: NFLX) had its "overweight" rating re-affirmed by analysts at Pacific Crest. They now have a $190.00 price target on the stock, up previously from $170.00. (7/18/2017)
  • Nutanix Inc (NASDAQ: NTNX) had its "overweight" rating re-affirmed by analysts at Pacific Crest. They now have a $30.00 price target on the stock. (7/3/2017)
  • Micron Technology, Inc. (NASDAQ: MU) had its "equal weight" rating re-affirmed by analysts at Pacific Crest. (6/30/2017)

#10 - Noble Financial

Average 12 Month ROI on "Buy" Recommendations: 30.008%
Variance of Price Targets: 62.927% (Lower is Better)
Based on: 11 research note(s)
MarketBeat Star Ranking: star star star star

Recent Recommendations from Noble Financial:

  • Nexstar Media Group Inc (NASDAQ: NXST) was downgraded by analysts at Noble Financial from a "buy" rating to a "hold" rating. (8/20/2018)
  • CACI INTERNATIONAL INC Common Stock (NYSE: CACI) was downgraded by analysts at Noble Financial from a "buy" rating to a "hold" rating. (8/17/2018)
  • Pershing Gold Corp (NASDAQ: PGLC) had its "buy" rating re-affirmed by analysts at Noble Financial. They now have a $4.00 price target on the stock. (8/17/2018)
  • E. W. Scripps (NYSE: SSP) was given a new $19.00 price target on by analysts at Noble Financial. They now have a "buy" rating on the stock. (8/16/2018)
  • Pyxis Tankers Inc (NASDAQ: PXS) had its "buy" rating re-affirmed by analysts at Noble Financial. (8/16/2018)





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