Top Ten Brokerages You Can Trust in 2018

Posted on Sunday, October 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: 152.448%
Variance of Price Targets: 70.143% (Lower is Better)
Based on: 840 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from JPMorgan Chase & Co.:

  • Clovis Oncology (NASDAQ: CLVS) had its "buy" rating re-affirmed by analysts at JPMorgan Chase & Co.. (10/21/2018)
  • AstraZeneca plc (LON: AZN) had its "overweight" rating re-affirmed by analysts at JPMorgan Chase & Co.. They now have a GBX 6,500 price target on the stock. (10/19/2018)
  • Unilever plc (LON: ULVR) had its price target lowered by analysts at JPMorgan Chase & Co. from GBX 4,400 to GBX 4,000. They now have a "neutral" rating on the stock. (10/19/2018)
  • Inmarsat Plc (LON: ISAT) had its price target lowered by analysts at JPMorgan Chase & Co. from GBX 650 to GBX 615. They now have a "neutral" rating on the stock. (10/19/2018)
  • National Express Group PLC (LON: NEX) was downgraded by analysts at JPMorgan Chase & Co. to a "neutral" rating. They now have a GBX 411 price target on the stock, down previously from GBX 412. (10/19/2018)

#2 - Societe Generale

Average 12 Month ROI on "Buy" Recommendations: 47.528%
Variance of Price Targets: 70.470% (Lower is Better)
Based on: 40 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from Societe Generale:

  • Wizz Air Holdings PLC (LON: WIZZ) had its "buy" rating re-affirmed by analysts at Societe Generale. (10/19/2018)
  • easyJet plc (LON: EZJ) had its "hold" rating re-affirmed by analysts at Societe Generale. (10/19/2018)
  • International Consolidated Airlns Grp SA (LON: IAG) had its price target raised by analysts at Societe Generale from GBX 650 to GBX 750. They now have a "hold" rating on the stock. (10/19/2018)
  • Nestlé (VTX: NESN) was given a new CHF 84 price target on by analysts at Societe Generale. They now have a "neutral" rating on the stock. (10/19/2018)
  • RWE AG (FRA: RWE) was given a new €26.80 price target on by analysts at Societe Generale. They now have a "buy" rating on the stock. (10/19/2018)

#3 - CIBC

Average 12 Month ROI on "Buy" Recommendations: 38.407%
Variance of Price Targets: 72.875% (Lower is Better)
Based on: 589 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from CIBC:

  • Blackline Inc (NASDAQ: BL) is now covered by analysts at CIBC. They set a "market perform" rating on the stock. (10/19/2018)
  • Stantec Inc. (NYSE: STN) was upgraded by analysts at CIBC from a "neutral" rating to a "sector outperform" rating. (10/19/2018)
  • Model N Inc (NYSE: MODN) is now covered by analysts at CIBC. They set an "outperform" rating on the stock. (10/19/2018)
  • Fairfax Financial Holdings Ltd Subordinate Voting Shares (TSE: FFH) was upgraded by analysts at CIBC from a "neutral" rating to an "outperform" rating. They now have a C$750.00 price target on the stock. (10/18/2018)
  • Fairfax Financial Holdings Ltd Subordinate Voting Shares (OTCMKTS: FRFHF) was upgraded by analysts at CIBC from a "neutral" rating to a "sector outperform" rating. (10/18/2018)

#4 - Cann

Average 12 Month ROI on "Buy" Recommendations: 31.080%
Variance of Price Targets: 68.775% (Lower is Better)
Based on: 28 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from Cann:

  • Clovis Oncology (NASDAQ: CLVS) had its "hold" rating re-affirmed by analysts at Cann. (10/19/2018)
  • Intellia Therapeutics Inc (NASDAQ: NTLA) had its "hold" rating re-affirmed by analysts at Cann. (10/18/2018)
  • 1-800-Flowers.Com Inc (NASDAQ: FLWS) had its "sell" rating re-affirmed by analysts at Cann. (10/15/2018)
  • Canopy Growth Corp (NYSE: CGC) is now covered by analysts at Cann. They set a "sell" rating and a $30.00 price target on the stock. (10/12/2018)
  • Aphria Inc (OTCMKTS: APHQF) is now covered by analysts at Cann. They set a "sell" rating and a $19.00 price target on the stock. (10/12/2018)

#5 - FBN Securities

Average 12 Month ROI on "Buy" Recommendations: 29.977%
Variance of Price Targets: 71.051% (Lower is Better)
Based on: 34 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from FBN Securities:

  • Zuora Inc (NYSE: ZUO) is now covered by analysts at FBN Securities. They set an "outperform" rating on the stock. (10/16/2018)
  • Advanced Micro Devices, Inc. (NASDAQ: AMD) is now covered by analysts at FBN Securities. They set an "outperform" rating on the stock. (9/13/2018)
  • NVIDIA Co. (NASDAQ: NVDA) is now covered by analysts at FBN Securities. They set an "outperform" rating and a $300.00 price target on the stock. (6/26/2018)
  • Nutanix Inc (NASDAQ: NTNX) had its price target raised by analysts at FBN Securities from $60.00 to $65.00. They now have an "outperform" rating on the stock. (5/29/2018)
  • Akamai Technologies, Inc. (NASDAQ: AKAM) had its price target raised by analysts at FBN Securities to $80.00. They now have an "outperform" rating on the stock. (5/1/2018)

#6 - Monness Crespi & Hardt

Average 12 Month ROI on "Buy" Recommendations: 29.165%
Variance of Price Targets: 72.475% (Lower is Better)
Based on: 46 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from Monness Crespi & Hardt:

  • Methanex Co. (NASDAQ: MEOH) had its price target raised by analysts at Monness Crespi & Hardt from $75.00 to $86.00. They now have a "buy" rating on the stock. (9/25/2018)
  • Lindsay Co. (NYSE: LNN) was given a new $70.00 price target on by analysts at Monness Crespi & Hardt. They now have a "sell" rating on the stock. (9/19/2018)
  • Apple Inc. (NASDAQ: AAPL) had its price target raised by analysts at Monness Crespi & Hardt from $275.00 to $300.00. They now have a "buy" rating on the stock. (9/14/2018)
  • Mimecast Ltd (NASDAQ: MIME) was upgraded by analysts at Monness Crespi & Hardt from a "neutral" rating to a "buy" rating. They now have a $48.00 price target on the stock. (9/13/2018)
  • Twilio Inc (NYSE: TWLO) had its price target raised by analysts at Monness Crespi & Hardt from $85.00 to $108.00. They now have a "buy" rating on the stock. (9/12/2018)

#7 - Brean Capital

Average 12 Month ROI on "Buy" Recommendations: 28.334%
Variance of Price Targets: 72.180% (Lower is Better)
Based on: 72 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from Brean Capital:

  • Bank Ozk (NASDAQ: OZK) was given a new $54.00 price target on by analysts at Brean Capital. They now have a "buy" rating on the stock. (10/19/2018)
  • Union Bankshares Inc (NASDAQ: UNB) was upgraded by analysts at Brean Capital to a "buy" rating. They now have a $42.00 price target on the stock. (10/18/2018)
  • Union Bankshares Corp (NASDAQ: UBSH) was upgraded by analysts at Brean Capital to a "buy" rating. They now have a $42.00 price target on the stock. (10/18/2018)
  • Bancorpsouth Bank (NYSE: BXS) had its "hold" rating re-affirmed by analysts at Brean Capital. (10/18/2018)
  • Union Bankshares Corp (NASDAQ: UBSH) had its "buy" rating re-affirmed by analysts at Brean Capital. They now have a $42.00 price target on the stock. (10/17/2018)

#8 - Rosenblatt Securities

Average 12 Month ROI on "Buy" Recommendations: 28.322%
Variance of Price Targets: 68.741% (Lower is Better)
Based on: 109 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from Rosenblatt Securities:

  • Adobe Systems Incorporated (NASDAQ: ADBE) had its "buy" rating re-affirmed by analysts at Rosenblatt Securities. They now have a $280.00 price target on the stock. (10/21/2018)
  • Facebook, Inc. (NASDAQ: FB) is now covered by analysts at Rosenblatt Securities. They set a "buy" rating and a $213.00 price target on the stock. (10/16/2018)
  • Juniper Networks, Inc. (NYSE: JNPR) had its "sell" rating re-affirmed by analysts at Rosenblatt Securities. They now have a $24.00 price target on the stock. (10/14/2018)
  • Splunk Inc (NASDAQ: SPLK) had its "buy" rating re-affirmed by analysts at Rosenblatt Securities. (10/7/2018)
  • HubSpot Inc (NYSE: HUBS) is now covered by analysts at Rosenblatt Securities. They set a "buy" rating and a $170.00 price target on the stock. (10/4/2018)

#9 - Drexel Hamilton

Average 12 Month ROI on "Buy" Recommendations: 22.682%
Variance of Price Targets: 80.429% (Lower is Better)
Based on: 146 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from Drexel Hamilton:

  • Science Applications International Corp (NYSE: SAIC) was upgraded by analysts at Drexel Hamilton from a "hold" rating to a "buy" rating. They now have a $90.00 price target on the stock. (9/28/2018)
  • Cubic Co. (NYSE: CUB) had its "buy" rating re-affirmed by analysts at Drexel Hamilton. They now have a $85.00 price target on the stock. (8/30/2018)
  • 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)

#10 - CL King

Average 12 Month ROI on "Buy" Recommendations: 21.870%
Variance of Price Targets: 77.748% (Lower is Better)
Based on: 17 research note(s)
MarketBeat Star Ranking: star star star star half star

Recent Recommendations from CL King:

  • Trupanion Inc (NASDAQ: TRUP) was upgraded by analysts at CL King from a "neutral" rating to a "buy" rating. (10/2/2018)
  • PetIQ Inc (NASDAQ: PETQ) is now covered by analysts at CL King. They set a "buy" rating and a $49.00 price target on the stock. (9/28/2018)
  • Littelfuse, Inc. (NASDAQ: LFUS) was given a new $248.00 price target on by analysts at CL King. They now have a "buy" rating on the stock. (9/25/2018)
  • Lancaster Colony Corp. (NASDAQ: LANC) was downgraded by analysts at CL King from a "buy" rating to a "neutral" rating. (8/10/2018)
  • Pinnacle Foods Inc (NYSE: PF) was downgraded by analysts at CL King from a "buy" rating to a "neutral" rating. (8/2/2018)





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