Updated 04:00 EST 13 Dec 2024
Investors large and small look to stock analysts when weighing up the potential fortunes of any investment.
Buy, sell or hold, the assessment of a trusted name can also determine the trajectory of a companies’ share price, for better and for worse.
While a growing number of DIY investors are embracing their own analysis or crowdsourcing investment ideas from online communities, there’s no doubt analysts still play a crucial role in the stock market ecosystem.
But just how often do they get it right? Fresh analysis from TipRanks demonstrates that the analyst you decide to put your faith in can make a colossal difference to returns.
The platform, which provides stock research tools to individuals and major banks and brokers, examined more than 9,000 of the top global stock analysts to reveal the UK’s ‘all stars’ league table, of ‘most accurate’ forecasters.
Uri Gruenbaum co-founded TipRanks ,which is now owned …