Top Ten Brokerages You Can Trust

Tue., September 26th, 2023 | 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 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: 185.861%
Based on: 49 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 - Union Gaming Research

Average 12 Month ROI on "Buy" Recommendations: 107.741%
Based on: 11 research note(s)
MarketBeat Brokerage Ranking: 5 of 5 stars

Recent Recommendations from Union Gaming Research

Wynn Resorts, Limited (NASDAQ: WYNN) had its price target raised by analysts at Union Gaming Research from $125.00 to $130.00. They now have a "buy" rating on the stock. (2/16/2022)
Scientific Games Co. (NASDAQ: SGMS) had its price target raised by analysts at Union Gaming Research from $65.00 to $70.00. (5/11/2021)
Full House Resorts, Inc. (NASDAQ: FLL) is now covered by analysts at Union Gaming Research. They set a "buy" rating and a $11.50 price target on the stock. (2/18/2021)
International Game Technology PLC (NYSE: IGT) was upgraded by analysts at Union Gaming Research from a "hold" rating to a "buy" rating. They now have a $18.00 price target on the stock. (11/13/2020)
Red Rock Resorts, Inc. (NASDAQ: RRR) was upgraded by analysts at Union Gaming Research from a "hold" rating to a "buy" rating. They now have a $25.00 price target on the stock. (10/28/2020)

#3 - Siebert Williams Shank

Average 12 Month ROI on "Buy" Recommendations: 77.085%
Based on: 45 research note(s)
MarketBeat Brokerage Ranking: 5 of 5 stars

Recent Recommendations from Siebert Williams Shank

Civitas Resources, Inc. (NYSE: CIVI) is now covered by analysts at Siebert Williams Shank. They set a "buy" rating and a $106.00 price target on the stock. (9/18/2023)
Range Resources Co. (NYSE: RRC) was downgraded by analysts at Siebert Williams Shank from a "buy" rating to a "hold" rating. They now have a $38.00 price target on the stock. (8/14/2023)
Antero Resources Co. (NYSE: AR) is now covered by analysts at Siebert Williams Shank. They set a "hold" rating and a $27.00 price target on the stock. (6/30/2023)
PNM Resources, Inc. (NYSE: PNM) was upgraded by analysts at Siebert Williams Shank from a "hold" rating to a "buy" rating. They now have a $55.00 price target on the stock, up previously from $53.00. (5/16/2023)
Otter Tail Co. (NASDAQ: OTTR) was downgraded by analysts at Siebert Williams Shank from a "hold" rating to a "sell" rating. They now have a $68.00 price target on the stock. (5/3/2023)

#4 - Mackie

Average 12 Month ROI on "Buy" Recommendations: 69.445%
Based on: 11 research note(s)
MarketBeat Brokerage Ranking: 5 of 5 stars

Recent Recommendations from Mackie

Khiron Life Sciences Corp. (OTCMKTS: KHRNF) was downgraded by analysts at Mackie from a "buy" rating to a "hold" rating. (11/30/2022)
Logiq, Inc. (OTCMKTS: LGIQ) is now covered by analysts at Mackie. They set a "buy" rating on the stock. (3/29/2022)
(NASDAQ: SLHG) was upgraded by analysts at Mackie from a "hold" rating to a "buy" rating. (1/4/2022)
Theratechnologies Inc. (NASDAQ: THTX) had its "buy" rating re-affirmed by analysts at Mackie. They now have a $18.00 price target on the stock. (10/16/2020)
(OTCMKTS: TSE:AGC) is now covered by analysts at Mackie. They set a "buy" rating and a $1.10 price target on the stock. (8/17/2020)

#5 - Tudor Pickering & Holt

Average 12 Month ROI on "Buy" Recommendations: 62.887%
Based on: 240 research note(s)
MarketBeat Brokerage Ranking: 5 of 5 stars

Recent Recommendations from Tudor Pickering & Holt

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)
ARC Resources Ltd. (TSE: ARX) had its price target raised by analysts at Tudor Pickering & Holt from C$15.00 to C$18.00. They now have a "buy" rating on the stock. (2/11/2022)

#6 - Laurentian

Average 12 Month ROI on "Buy" Recommendations: 62.522%
Based on: 47 research note(s)
MarketBeat Brokerage Ranking: 5 of 5 stars

Recent Recommendations from Laurentian

Hydro One Limited (TSE: H) was given a new C$38.00 price target on by analysts at Laurentian. They now have a "hold" rating on the stock. (8/17/2023)
Sienna Senior Living Inc. (TSE: SIA) had its price target raised by analysts at Laurentian from C$13.00 to C$14.00. (8/15/2023)
NorthWest Health Prop Real Est Inv Trust (TSE: NWH.UN) had its price target lowered by analysts at Laurentian from C$11.00 to C$9.00. (8/15/2023)
Altius Minerals Co. (TSE: ALS) had its price target lowered by analysts at Laurentian from C$25.25 to C$24.75. They now have a "buy" rating on the stock. (7/21/2023)
Altius Renewable Royalties Corp. (TSE: ARR) was given a new C$11.00 price target on by analysts at Laurentian. They now have a "buy" rating on the stock. (6/23/2023)

#7 - R. F. Lafferty

Average 12 Month ROI on "Buy" Recommendations: 58.079%
Based on: 42 research note(s)
MarketBeat Brokerage Ranking: 5 of 5 stars

Recent Recommendations from R. F. Lafferty

ChargePoint Holdings, Inc. (NYSE: CHPT) had its price target lowered by analysts at R. F. Lafferty from $19.00 to $17.00. They now have a "buy" rating on the stock. (9/7/2023)
Blue Bird Co. (NASDAQ: BLBD) is now covered by analysts at R. F. Lafferty. They set a "buy" rating on the stock. (9/6/2023)
Fisker Inc. (NYSE: FSR) had its price target lowered by analysts at R. F. Lafferty from $10.00 to $9.00. They now have a "buy" rating on the stock. (8/7/2023)
Polestar Automotive Holding UK PLC (NASDAQ: PSNY) is now covered by analysts at R. F. Lafferty. They set a "buy" rating and a $9.00 price target on the stock. (8/1/2023)
The Lion Electric Company (NYSE: LEV) is now covered by analysts at R. F. Lafferty. They set a "buy" rating and a $7.00 price target on the stock. (3/27/2023)

#8 - Tudor Pickering

Average 12 Month ROI on "Buy" Recommendations: 54.941%
Based on: 279 research note(s)
MarketBeat Brokerage Ranking: 5 of 5 stars

Recent Recommendations from Tudor Pickering

Valero Energy Co. (NYSE: VLO) was upgraded by analysts at Tudor Pickering from a "hold" rating to a "buy" rating. They now have a $145.00 price target on the stock. (7/31/2023)
EQT Co. (NYSE: EQT) was upgraded by analysts at Tudor Pickering from a "hold" rating to a "buy" rating. (6/20/2023)
Montauk Renewables, Inc. (NASDAQ: MNTK) was upgraded by analysts at Tudor Pickering from a "sell" rating to a "hold" rating. (5/12/2023)
Westlake Co. (NYSE: WLK) was downgraded by analysts at Tudor Pickering from a "hold" rating to a "sell" rating. (5/9/2023)
Tesla, Inc. (NASDAQ: TSLA) was downgraded by analysts at Tudor Pickering from a "hold" rating to a "sell" rating. (4/20/2023)

#9 - Laidlaw

Average 12 Month ROI on "Buy" Recommendations: 44.580%
Based on: 37 research note(s)
MarketBeat Brokerage Ranking: 5 of 5 stars

Recent Recommendations from Laidlaw

Silo Pharma, Inc. (NASDAQ: SILO) is now covered by analysts at Laidlaw. They set a "buy" rating and a $10.00 price target on the stock. (8/28/2023)
Alaunos Therapeutics, Inc. (NASDAQ: TCRT) was downgraded by analysts at Laidlaw from a "buy" rating to a "hold" rating. (8/15/2023)
Bellerophon Therapeutics, Inc. (NASDAQ: BLPH) was downgraded by analysts at Laidlaw from a "buy" rating to a "hold" rating. (6/5/2023)
Bellerophon Therapeutics, Inc. (NASDAQ: BLPH) is now covered by analysts at Laidlaw. They set a "buy" rating on the stock. (5/9/2023)
NLS Pharmaceutics AG (NASDAQ: NLSP) is now covered by analysts at Laidlaw. They set a "buy" rating and a $6.00 price target on the stock. (9/6/2022)

#10 - Atb Cap Markets

Average 12 Month ROI on "Buy" Recommendations: 41.363%
Based on: 48 research note(s)
MarketBeat Brokerage Ranking: 5 of 5 stars

Recent Recommendations from Atb Cap Markets

NFI Group Inc. (TSE: NFI) was upgraded by analysts at Atb Cap Markets from a "speculative" rating to an "outperform" rating. (8/28/2023)
Cathedral Energy Services Ltd. (TSE: CET) was downgraded by analysts at Atb Cap Markets from an "outperform" rating to a "sector perform" rating. (8/11/2023)
PHX Energy Services Corp. (TSE: PHX) was upgraded by analysts at Atb Cap Markets from a "sector perform" rating to an "outperform" rating. (8/8/2023)
Gibson Energy Inc. (TSE: GEI) was upgraded by analysts at Atb Cap Markets from a "sector perform" rating to an "outperform" rating. (7/12/2023)
Gibson Energy Inc. (OTCMKTS: GBNXF) was upgraded by analysts at Atb Cap Markets from a "sector perform" rating to an "outperform" rating. (7/12/2023)