A statue is seen next to the logo of Germany’s Deutsche Bank in Frankfurt, Germany, 2016.
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 more than 356% compared to a 160% gain in the S&P 500 Index (SPX).
As tech stocks have soared over the past decade, TipRanks recognizes the 10 best analysts on Wall Street from the sector. Some analysts have fared better on their stock-picking journeys and made significant returns on their recommendations.
TipRanks analyzed every stock recommendation made by technology sector analysts over the past decade to compile this list. The rating reflects analysts’ ability to generate returns with stock ratings and price targets.
TipRanks algorithms calculated the average profitability and statistical significance of each rating, as well as the analysts’ overall success rate. Every ranking made in the last ten years was measured over a period of one year.
TipRanks used the Expert Center tool to identify the top ten analysts with a high success rate.
Top 10 Analysts from the Technology Sector
1. Mark Lipacis – Jefferies
The list is headed by Mark Lipacis. The overall success rate of Lipacis is 71%. His best rating was in chipmaker Nvidia (NVDA). His buy call on NVDA stock 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 recommendation was also NVDA stock. The analyst has a 190.7% gain with a buy recommendation on Nvidia from August 16, 2019 to August 16, 2020.
3. Quinn Bolton – Needham
Needham analyst Quinn Bolton is #3 on TipRanks top 10 tech analysts list. Bolton’s success rate is 63%. Bolton has the best recommendation ACM Research (ACMR), a semiconductor equipment manufacturing company. The analyst made a return of 608.4% from August 19, 2019 to August 19, 2020 through a buy recommendation on ACMR.
4. Colin Rusch – Oppenheimer
The fourth place on this list is Colin Rusch. The five-star analyst has an overall success rate of 54%. Rusch’s top recommendation was Westport Fuel Systems (WPRT), a Canada-based engineering company that manufactures and supplies alternative fuel components and systems. His call on WPRT stock returned a perfect 800% from March 18, 2020 to March 18, 2021.
5. Timothy Arcuri – UBS
Fifth place analyst Timothy Arcuri has a success rate of 69%. Like Lipacis and Schafer, Arcuri’s top recommendation was NVDA. The analyst made a profit of 209% from August 14, 2019 to August 14, 2020.
6. Alex Zukin – Wolfe Research
Sixth place goes to Alex Zukin. The analyst’s success rate is 67%. It has been his best recommendation Asana (ASAN), a case management platform. Zukin achieved a solid return of 431.6% from October 26, 2020 to October 26, 2021 through a Buy call on ASAN shares.
7. Ross Seymore—Deutsche Bank
Deutsche Bank analyst Ross Seymore ranks seventh on this list with a 74% success rate. Seymore’s best call was buying his stock Ambarella (AMBA), a legendary semiconductor design company. Recommendation brought 150% return from November 5, 2012 to November 5, 2013.
8. Shaul Eyal – TD Cowen
In eighth place is Shaul Eyal TD Cowen. Eyal’s overall success rate is 66%. This is his main recommendation Cloudflare (NET), is a security solutions provider. Based on his Buy call on NET, he has gained 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 has a 68% success rate. He has the best recommendation About the semiconductor (ON), a semiconductor supplier. Based on the buy call, Rolland returned 280.5% from April 2, 2020 to April 2, 2021.
10. Brian Schwartz – Oppenheimer
Brian Schwartz is number 10 on the list. Its success rate is 67%. Schwartz’s best call has been buying stocks Trading desk (TTD), a technology platform for ad buyers. The recommendation yielded 337.8% from March 19, 2020 to March 19, 2021.
Retail investors can follow the recommendations of these top analysts to make informed investment decisions. These technology sector analysts have demonstrated a high success rate and have earned stellar returns from their recommendations over the past decade.
You can view all analysts included in the Top 100 list. We will be back soon with the top 10 analysts of the last 10 years from the financial sector.