The ‘Most Accurate’ Investment Analysts of 2024 and the Stocks They Backed

Investors large and small turn to stock analysts when weighing the potential of any investment.

Buy, sell or hold, evaluating a trusted name can also determine the trajectory of a company’s stock price, for better or worse.

While a growing number of DIY investors are adopting their own analysis or seeking investment ideas from online communities, there is no doubt that analysts still play a crucial role in the stock market ecosystem.

But how often do they get it right? Recent TipRanks analysis shows that which analyst you choose to trust 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 world’s leading stock analysts to reveal the UK’s “all-star” ranking of the “most accurate” forecasters. .

Uri Gruenbaum co-founded TipRanks, which is now owned by London tech group Prytek, in 2014 following an “ill-advised” personal investment.

Three years earlier, Gruenbaum had blown his first job bonus on the advice of a “well-known” technology analyst.

He was convinced to back Indian auto giant Tata, rather than Tesla, whose shares have risen an incredible 22,200 percent since the end of 2011. The experience led him to launch TipRanks.

TipRanks’ analysis of stock pickers considers profitability, accuracy, frequency, success rate and average performance metrics.

Gruenbaum said: ‘Our mission is to equip everyday investors with the highest levels of knowledge and data when it comes to their stock market journey.

“That’s why sharing the UK’s ‘all-star’ analyst talent rankings will only help democratize equity research and investing.”

Who are the UK’s top analysts?

The leader of the British classification was Sebastian Bray of Berenberg Bank, who accurately rated 37 ratings out of a total of 47.

Bray, who achieved an average return of 8.8 per cent on his selections, was followed by his colleague Peter Richardson and RBC’s Ben Bathurst.

Bathurst, which accurately rated 23 of 32 ratings, also offered the highest average return of 14.4 per cent.

The top-performing individual rating came from Jeffries’ Andrew Wade, whose Nov. 7, 2023 Buy rating on Naked Wines stock returned a mammoth 127.6 percent return on May 21.

Naked Wine Stocks It had fallen more than 90 per cent from its pandemic peak when Wade made the call, as customer numbers began to decline after lockdown conditions were eased.

A turnaround plan under new management helped the shares rise sharply, although the stock remains well below its 2021 high of 880p, having retreated as sales continue to fall.

Buy ratings dominate the list of top calls, with the exception of a sell rating assigned to the homebuilder. Barratt Redrow by Gregor Kuglitsch of UBS on September 7, 2023.

The call, informed by the impact of higher interest rates, posted a 30.5 percent gain as shares fell.