The TipRanks All-star Analyst of the Day title goes to analyst Richard Baldry of research firm Roth MKM. Remarkably, Baldry ranks #251 out of the 9,554 Wall Street analysts tracked by TipRanks. One of the key stocks in his coverage is Salesforce stock (CRM), for which he is the Most Accurate analyst over a one-year time frame.
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Salesforce is a leading cloud-based software company known for its customer relationship management platform and enterprise applications. For a thorough assessment of the stock, go to TipRanks’ Stock Analysis page.
Most Accurate Analyst on CRM Stock
When we look at Baldry’s recommendation for Salesforce stock, he has had an 83% success rate on the stock for one year. Plus, he earned an average return of 18.2% in the said period.
On an overall basis, copying Baldry’s trades and holding them for a year would give you an average return of 16.8% with 58% of your trades generating a profit.
Not Just Salesforce
Baldry primarily focuses on covering the Technology sector in the U.S. and Canadian markets. Importantly, his most profitable rating to date was a Buy on SoundThinking (SSTI), a security technology company. The analyst earned a massive 305.4% return on the call between August 09, 2017, and August 09, 2018.
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.