2016 A statue can be seen next to the Deutsche Bank logo in Frankfurt.
Kai Pfaffenbach | Reuters
Technology stocks have outperformed the broader markets over the past decade. Thanks to the bull run, the tech-heavy Nasdaq 100 Index (NDX) gained over 356% in value compared to a 160% rise in the S&P 500 Index (SPX).
As technology stocks have shone over the past decade, TipRanks recognizes the top 10 analysts on Wall Street in the sector. Some analysts have outperformed on stock picks and generated significant returns on their recommendations.
TipRanks analyzed every stock recommendation made by technology sector analysts over the past decade to create this list. The ranking reflects the analysts’ ability to generate returns from their stock ratings and price targets.
TipRanks’ algorithms calculated the average return and statistical significance of each rating, as well as the analysts’ overall success rate. Every assessment made in the past decade has been measured over a year.
TipRanks used its Experts Center tool to identify the top ten analysts with a high success rate.
Top 10 analysts from the technology sector
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1. Mark Lipacis-Jefferies
Mark Lipacis tops the list. Lipacis has an overall success rate of 71%. Chipmaker received its best rating Nvidia (NVDA). His NVDA share buy call from February 8, 2016 to February 8, 2017 produced an attractive return of 374.8%.
2. Rick Schafer—Oppenheimer
Rick Schafer is second on the list and has a 73% success rate. His top pick was also NVDA stock. The analyst generated a profit of 190.7% with his buy recommendation for Nvidia from 08/16/2019 to 08/16/2020.
3. Quinn Bolton-Needham
Needham analyst Quinn Bolton is ranked #3 in TipRank’s top 10 tech analysts list. Bolton has a 63% success rate. Bolton’s best recommendation was ACM Research (ACMR), a company that manufactures semiconductor equipment. The analyst returned 608.4% from August 19, 2019 to August 19, 2020 by rating ACMR as Buy.
4. Colin Rusch-Oppenheimer
Colin Rusch ranks fourth on this list. The five-star analyst has an overall success rate of 54%. Rusch’s top recommendation went to Westport Fuel Systems (WPRT), a Canada-based engineering company that manufactures and supplies alternative fuel components and systems. His call to buy WPRT shares generated an excellent return of 800% from March 18, 2020 to March 18, 2021.
5.Timothy Arcuri-UBS
Fifth-ranked analyst Timothy Arcuri has a 69% success rate. Like Lipacis and Schafer, Arcuri’s best recommendation was NVDA. The analyst returned 209% from August 14, 2019 to August 14, 2020.
6. Alex Zukin—Wolfe Research
Alex Zukin took sixth place. The analyst has a 67% success rate. His top recommendation was asana (ASAN), a work management platform. Zukin’s call to buy ASAN stock generated a solid return of 431.6% from October 26, 2020 to October 26, 2021.
7. Ross Seymore—Deutsche Bank
Deutsche Bank analyst Ross Seymore ranks seventh on this list with a 74% success rate. Seymore’s best decision was to buy shares in Ambarella (AMBA), a fabless semiconductor design company. The recommendation returned 150% from November 5, 2012 to November 5, 2013.
8. Shaul Eyal – TD Cowen
In eighth place is Shaul Eyal by TD Cowen. Eyal’s has an overall success rate of 66%. His top recommendation is cloud flare (NET), a provider of security solutions. Based on his buy call on NET, he returned 384.2% from February 14, 2020 to February 14, 2021.
9. Christopher Rolland—Susquehanna
Christopher Rolland is number 9 on the list. The five-star analyst enjoys a 68% success rate. His top recommendation was on On semiconductors (ON), a semiconductor supplier. Based on its call to buy, Rolland returned 280.5% from April 2, 2020 to April 2, 2021.
10.Brian Schwartz—Oppenheimer
Brian Schwartz ranks 10th on the list. He has a 67% success rate. Schwartz’s best decision was to buy shares in trading desk (TTD), a technology platform for advertising buyers. The recommendation returned 337.8% from March 19, 2020 to March 19, 2021.
bottom line
Retail investors can follow the recommendations of these top analysts to make informed investment decisions. These technology sector analysts have had a high success rate and have delivered excellent returns on their recommendations over the past decade.
Here you can take a look at all the analysts that made the top 100 list. We will return soon with the top 10 analysts from the last 10 years in the financial sector.