Top Ten Brokerages You Can Trust in 2018

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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 - Summit Redstone

Average 12 Month ROI on "Buy" Recommendations: 42.150%
Variance of Price Targets: 73.956% (Lower is Better)
Based on: 33 research note(s)
MarketBeat Star Ranking: star star star star star

Recent Recommendations from Summit Redstone:

  • 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)
  • Twitter Inc (NYSE: TWTR) is now covered by analysts at Summit Redstone. They set a "buy" rating and a $26.00 price target on the stock. (12/18/2017)

#2 - National Securities

Average 12 Month ROI on "Buy" Recommendations: 34.845%
Variance of Price Targets: 74.036% (Lower is Better)
Based on: 130 research note(s)
MarketBeat Star Ranking: star star star star star

Recent Recommendations from National Securities:

  • Bluerock Residential Growth REIT Inc (NYSEAMERICAN: BRG) was upgraded by analysts at National Securities from a "neutral" rating to a "buy" rating. (2/20/2018)
  • Energous Corp (NASDAQ: WATT) had its "buy" rating re-affirmed by analysts at National Securities. (2/16/2018)
  • Laredo Petroleum Inc (NYSE: LPI) had its "buy" rating re-affirmed by analysts at National Securities. They now have a $13.00 price target on the stock. (2/16/2018)
  • (: ) had its "buy" rating re-affirmed by analysts at National Securities. (2/16/2018)
  • Ares Capital Co. (NASDAQ: ARCC) had its "buy" rating re-affirmed by analysts at National Securities. They now have a $19.00 price target on the stock. (2/15/2018)

#3 - Societe Generale

Average 12 Month ROI on "Buy" Recommendations: 40.986%
Variance of Price Targets: 71.041% (Lower is Better)
Based on: 63 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from Societe Generale:

  • HSBC Holdings plc (LON: HSBA) was given a new GBX 800 price target on by analysts at Societe Generale. They now have a "neutral" rating on the stock. (2/21/2018)
  • HSBC Holdings plc (NYSE: HSBC) was downgraded by analysts at Societe Generale from a "buy" rating to a "hold" rating. (2/21/2018)
  • Reckitt Benckiser Group Plc (LON: RB) was given a new GBX 6,500 price target on by analysts at Societe Generale. They now have a "neutral" rating on the stock. (2/20/2018)
  • Daimler AG (ETR: DAI) was given a new €80.00 price target on by analysts at Societe Generale. They now have a "buy" rating on the stock. (2/20/2018)
  • The Coca-Cola Co (NYSE: KO) had its "neutral" rating re-affirmed by analysts at Societe Generale. They now have a $48.80 price target on the stock. (2/19/2018)

#4 - CLSA

Average 12 Month ROI on "Buy" Recommendations: 28.802%
Variance of Price Targets: 74.405% (Lower is Better)
Based on: 23 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from CLSA:

  • Editas Medicine Inc (NASDAQ: EDIT) is now covered by analysts at CLSA. They set an "underperform" rating on the stock. (2/13/2018)
  • NetEase Inc (NASDAQ: NTES) was upgraded by analysts at CLSA from a "sell" rating to an "underperform" rating. (2/8/2018)
  • SK Telecom Co Ltd (NYSE: SKM) was downgraded by analysts at CLSA from an "outperform" rating to an "underperform" rating. (1/24/2018)
  • KT Corp (NYSE: KT) was downgraded by analysts at CLSA from an "outperform" rating to an "underperform" rating. (1/24/2018)
  • AU Optronics Corp (NYSE: AUO) was upgraded by analysts at CLSA from an "underperform" rating to an "outperform" rating. (1/24/2018)

#5 - Drexel Hamilton

Average 12 Month ROI on "Buy" Recommendations: 26.412%
Variance of Price Targets: 78.538% (Lower is Better)
Based on: 227 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from Drexel Hamilton:

  • CSRA Inc (NYSE: CSRA) was downgraded by analysts at Drexel Hamilton from a "buy" rating to a "hold" rating. (2/13/2018)
  • Akoustis Technologies Inc (NASDAQ: AKTS) is now covered by analysts at Drexel Hamilton. They set a "buy" rating and a $15.00 price target on the stock. (2/9/2018)
  • Skyworks Solutions, Inc. (NASDAQ: SWKS) had its "buy" rating re-affirmed by analysts at Drexel Hamilton. They now have a $128.00 price target on the stock. (2/5/2018)
  • Silicon Laboratories (NASDAQ: SLAB) had its "buy" rating re-affirmed by analysts at Drexel Hamilton. They now have a $111.00 price target on the stock, up previously from $103.00. (1/31/2018)
  • Qorvo Inc (NASDAQ: QRVO) had its "buy" rating re-affirmed by analysts at Drexel Hamilton. They now have a $95.00 price target on the stock. (1/31/2018)

#6 - Global Equities Research

Average 12 Month ROI on "Buy" Recommendations: 65.912%
Variance of Price Targets: 66.289% (Lower is Better)
Based on: 13 research note(s)
MarketBeat Star Ranking: star star star star

Recent Recommendations from Global Equities Research:

  • Tesla Inc (NASDAQ: TSLA) had its "buy" rating re-affirmed by analysts at Global Equities Research. They now have a $485.00 price target on the stock. (11/29/2017)
  • Tesla Inc (NASDAQ: TSLA) had its "buy" rating re-affirmed by analysts at Global Equities Research. They now have a $385.00 price target on the stock. (6/13/2017)
  • Microsoft Co. (NASDAQ: MSFT) had its "buy" rating re-affirmed by analysts at Global Equities Research. They now have a $75.00 price target on the stock. (6/13/2017)
  • NetGear, Inc. (NASDAQ: NTGR) had its "buy" rating re-affirmed by analysts at Global Equities Research. They now have a $85.00 price target on the stock. (6/13/2017)
  • NVIDIA Co. (NASDAQ: NVDA) had its "overweight" rating re-affirmed by analysts at Global Equities Research. They now have a $125.00 price target on the stock. (5/10/2017)

#7 - Royal Bank of Canada

Average 12 Month ROI on "Buy" Recommendations: 62.462%
Variance of Price Targets: 67.018% (Lower is Better)
Based on: 4048 research note(s)
MarketBeat Star Ranking: star star star star

Recent Recommendations from Royal Bank of Canada:

  • ASOS plc (LON: ASC) had its "outperform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a GBX 8,100 price target on the stock. (2/21/2018)
  • Kering (EPA: KER) was given a new €430.00 price target on by analysts at Royal Bank of Canada. They now have a "neutral" rating on the stock. (2/21/2018)
  • Boohoo.Com PLC (LON: BOO) had its "underperform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a GBX 160 price target on the stock. (2/21/2018)
  • Zalando Se (OTCMKTS: ZLDSF) was upgraded by analysts at Royal Bank of Canada from an "underperform" rating to a "sector perform" rating. (2/21/2018)
  • Zalando SE (FRA: ZAL) was given a new €46.00 price target on by analysts at Royal Bank of Canada. They now have a "neutral" rating on the stock. (2/21/2018)

#8 - Imperial Capital

Average 12 Month ROI on "Buy" Recommendations: 59.105%
Variance of Price Targets: 65.018% (Lower is Better)
Based on: 301 research note(s)
MarketBeat Star Ranking: star star star star

Recent Recommendations from Imperial Capital:

  • Allegion PLC (NYSE: ALLE) was given a new $94.00 price target on by analysts at Imperial Capital. They now have an "outperform" rating on the stock. (2/21/2018)
  • Energen Co. (NYSE: EGN) was given a new $72.00 price target on by analysts at Imperial Capital. They now have an "outperform" rating on the stock. (2/21/2018)
  • Noble Energy, Inc. (NYSE: NBL) was given a new $52.00 price target on by analysts at Imperial Capital. They now have an "outperform" rating on the stock. (2/21/2018)
  • Cimarex Energy Co (NYSE: XEC) had its price target raised by analysts at Imperial Capital from $147.00 to $154.00. They now have an "outperform" rating on the stock. (2/16/2018)
  • AlarmCom Hldg Inc (NASDAQ: ALRM) was upgraded by analysts at Imperial Capital from an "in-line" rating to an "outperform" rating. They now have a $45.00 price target on the stock, up previously from $37.88. (2/16/2018)

#9 - Needham & Company LLC

Average 12 Month ROI on "Buy" Recommendations: 43.781%
Variance of Price Targets: 67.396% (Lower is Better)
Based on: 779 research note(s)
MarketBeat Star Ranking: star star star star

Recent Recommendations from Needham & Company LLC:

  • Esperion Therapeutics Inc (NASDAQ: ESPR) had its price target raised by analysts at Needham & Company LLC from $81.00 to $94.00. They now have a "strong-buy" rating on the stock. (2/21/2018)
  • Radware Ltd. (NASDAQ: RDWR) had its price target raised by analysts at Needham & Company LLC from $24.50 to $26.00. They now have a "buy" rating on the stock. (2/21/2018)
  • Universal Display Co. (NASDAQ: OLED) was upgraded by analysts at Needham & Company LLC from a "hold" rating to a "buy" rating. They now have a $180.00 price target on the stock. (2/20/2018)
  • EPAM Systems Inc (NYSE: EPAM) had its price target raised by analysts at Needham & Company LLC to $130.00. They now have a "buy" rating on the stock. (2/20/2018)
  • MiMedx Group Inc (NASDAQ: MDXG) was downgraded by analysts at Needham & Company LLC from a "strong-buy" rating to a "hold" rating. (2/20/2018)

#10 - Summit Research

Average 12 Month ROI on "Buy" Recommendations: 36.150%
Variance of Price Targets: 63.798% (Lower is Better)
Based on: 26 research note(s)
MarketBeat Star Ranking: star star star star

Recent Recommendations from Summit Research:

  • Twilio Inc (NYSE: TWLO) had its price target lowered by analysts at Summit Research from $36.00 to $28.00. They now have a "buy" rating on the stock. (5/4/2017)
  • Snap Inc (NYSE: SNAP) had its "sell" rating re-affirmed by analysts at Summit Research. They now have a $17.00 price target on the stock. (3/28/2017)
  • Shopify Inc (US) (NYSE: SHOP) had its price target raised by analysts at Summit Research from $48.00 to $69.00. They now have a "buy" rating on the stock. (2/16/2017)
  • Qualys Inc (NASDAQ: QLYS) had its "hold" rating re-affirmed by analysts at Summit Research. They now have a $30.00 price target on the stock. (7/22/2016)
  • Zendesk Inc (NYSE: ZEN) had its "buy" rating re-affirmed by analysts at Summit Research. They now have a $34.00 price target on the stock. (7/18/2016)







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