Top Analysts Shine in 2024: Who Delivered the Best Returns?
The year 2024 was marked by significant events in the U.S. stock market, with the S&P 500 Index surging over 20% for the second consecutive year. Despite challenges posed by inflation, interest rates, geopolitical tensions, and the U.S. presidential elections, many analysts made market-beating recommendations.
Identifying the Top Performers
Using TipRanks’ Experts Center Tool, we uncovered the top 10 U.S. analysts with a high success rate. These analysts were ranked based on their success rate, average return, and number of recommendations, showcasing their ability to outperform their peers with their expertise and stock selection.
The Top 10 Analysts
Let’s take a closer look at the top 10 U.S. analysts who delivered the most successful ratings over a one-year timeframe spanning October 2023 to September 2024.
#1. Gerard Cassidy – RBC Capital
Gerard Cassidy tops the list with an impressive success rate of 88% and an average return of 11.5%. His most profitable rating was on Fifth Third Bancorp (FITB), generating a return of 38.6%.
#2. Chris Kotowski – Oppenheimer
Chris Kotowski earns the second spot, with an average return of 14% and a success rate of 88%. His most remarkable rating was on Carlyle Group (CG), generating a return of 38.8%.
#3. Ebrahim Poonawala – Bank of America Securities
Ebrahim Poonawala secures the third spot, with an overall success rate of 82% and an average return of 10.2%. His best recommendation was on Western Alliance Bancorporation (WAL), generating a return of 55.1%.
#4. Mark Palmer – Benchmark Co.
Mark Palmer ranks fourth, with a success rate of 75% and an average return of 23.3%. His top recommendation is Bitdeer Technologies Group (BTDR), generating an impressive profit of 212.4%.
#5. Mark Mahaney – Evercore ISI
Mark Mahaney occupies the fifth place, with an 80% overall success rate and a 14% average return per rating. His best recommendation during the assessment period was on social media platform Meta Platforms (META), delivering a 27.5% return.
#6. Brent Thielman – D.A. Davidson
Brent Thielman ranks sixth, achieving a success rate of 79% and an average return of 13.3%. Notably, Thielman’s most profitable rating was a buy on Bowman Consulting Group (BWMN), yielding a return of 24.4%.
#7. Christopher Allen – Citi
Christopher Allen holds the seventh position, generating an average return of 13.8% with an 85% success rate. His best recommendation was on Apollo Global Management (APO), generating an impressive return of 64.8%.
#8. Daniel Fannon – Jefferies
Daniel Fannon is eighth on the list, witnessing an 85% success rate and an average return of 11.1%. Fannon’s best rating was on alternative asset management company Blackstone Group (BX), generating a 36.8% return.
#9. Mike Mayo – Wells Fargo
Mike Mayo from Wells Fargo is placed at the ninth position, with an 80% success rate and an average return of 8.2%. Mayo’s most profitable recommendation was on Fifth Third Bancorp (FITB), generating a return of 38.6%.
#10. Michael Grondahl – Northland Securities
Finally, Michael Grondahl takes the tenth position with a 70% overall success rate and an average return of 23.4%. His most profitable rating was a buy on Stryve Foods (SNAX), generating a massive return of 305.10%.
The Takeaway
Despite the challenges faced by the market, these top analysts delivered attractive returns on their stock picks. By following top analysts’ ratings, investors can potentially enhance their portfolio returns and gain from the expertise of the Wall Street pros.
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