The TipRanks All-star Analyst of the Day title goes to Matt Ramsay of research firm TD Cowen. Remarkably, Ramsay ranks #11 out of the 8,916 Wall Street analysts tracked by TipRanks. One of the key stocks in his coverage is ARM Holdings (NASDAQ:ARM), for which he is both the Most Accurate and Most Profitable analyst.
Most Profitable and Accurate Analyst on ARM Stock
When we look at Ramsay’s recommendation for ARM Holdings stock, a semiconductor design firm, we see that over the past year, Ramsay has had a 100% success rate on the stock. Plus, he has earned average returns of 138.3% in the said period.
On an overall basis, copying Ramsay’s trades and holding them for a year would give you an average return of 32.30%, with 67% of your trades generating a profit.
Not Just ARM
Ramsay primarily focuses on the Technology sector in the U.S., Germany, UK, France, and Canadian markets. Interestingly, his most profitable rating to date is a Buy on chip maker (NVDA). The analyst earned an impressive 292.60% return on the call between October 10, 2022, and October 10, 2023.
Following phenomenally successful analysts’ ratings can add profit to your portfolio. Find the best analyst to follow for any stock by scrolling down to the “Best Analyst Covering” feature on its Analyst Forecast page.
To follow the best Wall Street analysts, take a look at the list of Top Analysts on TipRanks.
