Alternative data to give transparency to retail investors
TipRanks, a leading financial big data company that tracks and measures the performance of investment experts joins the Nasdaq Data Link platform, as a supplier of alternative data through the addition of its proprietary analyst ratings and price targets. The global financial community can now access information to conduct research, manage risk and gain greater transparency into sell-side analysts’ opinions and trends on the financial markets.
TipRanks CEO, Uri Gruenbaum said “I am delighted that users of Nasdaq Data Link can now integrate TipRanks’ alternative data into their research. By making this sort of data widely available to retail investors as well as hedge funds and asset managers, more people than ever before can make smart, data-driven investment decisions.”
Launched by Nasdaq in September 2021, following the acquisition of Quandl in 2018, Nasdaq Data Link provides a library of datasets via cloud APIs so that institutions and individuals can manage, discover, and integrate new information with ease.
With this new functionality, customers can access the most recent Wall Street analyst activity, including price targets and Buy, Hold, or Sell ratings of more than 10,000 analysts, alongside upgrading, downgrading, reiterating, or initiating their rating. For additional transparency, users have access to how well analysts rank based on their performance history, including how trades resulted in profit after 12 months, and their average return.
TipRanks also powers Nasdaq’s Smart Portfolio tool, where investors can see unique insights and an analysis of their holdings and Nasdaq customers have direct access to TipRanks’ analyst rating consensus and price target data.
