AMD analyst scorecard · Advanced Micro Devices
144 rating actions on AMD in the last 12 months. Of 228 price targets that resolved, 149 were reached while they stood, 79 were replaced by the same firm first, and 0 fell short at their deadline. Ratings: 80% Buy-type, 20% Hold-type, 0% Sell-type. Consensus target $640, 14% above the last close.
Checked through 2026-10-29 · last close $562.67 (2026-10-29). Rebuilt every morning.
Targets reached while they stood
65.4% 149 of 228
Replaced before the deadline
34.6%
Short at the deadline
0.0%
Ratings vs XLK
24 of 24
Buy / Hold / Sell, 12 mo
80 / 20 / 0%
Consensus target
$640 +13.8%
What the Holds say: 28 Hold-type ratings on AMD in the last 12 months carried a median target +1% from the price on the day; 43% sat below it.
The 8 upgrades on AMD came after an average +49.1% move in the 30 days before them.
Firm by firm
| Firm | Latest rating | Date | Latest target | Targets reached | Replaced early | Resolved | Ratings vs sector |
|---|---|---|---|---|---|---|---|
| Bank of America | Buy | 2026-09-25 | $720 | 8 | 8 | 16 | 1 of 1 |
| Mizuho | Outperform | 2026-10-06 | $705 | 9 | 8 | 17 | 1 of 1 |
| Stifel | Buy | 2026-10-05 | $700 | 5 | 3 | 8 | 1 of 1 |
| Truist Securities | Buy | 2026-08-05 | $594 | 5 | 4 | 9 | 1 of 1 |
| TD Cowen | Buy | 2026-07-13 | $675 | 3 | 1 | 4 | 1 of 1 |
| Cantor Fitzgerald | Overweight | 2026-08-05 | $700 | 4 | 2 | 6 | 1 of 1 |
| Rosenblatt | Buy | 2026-09-29 | $700 | 7 | 2 | 9 | 1 of 1 |
| Wedbush | Outperform | 2026-10-20 | $600 | 10 | 3 | 13 | 1 of 1 |
| Piper Sandler | Overweight | 2026-09-10 | $600 | 5 | 4 | 9 | 1 of 1 |
| UBS | Buy | 2026-07-25 | $730 | 3 | 6 | 9 | 1 of 1 |
| Roth Capital | Buy | 2026-07-24 | $650 | 4 | 0 | 4 | 1 of 1 |
| KeyBanc | Overweight | 2026-08-05 | $725 | 3 | 2 | 5 | — |
| Benchmark | Buy | 2026-07-23 | $685 | 7 | 4 | 11 | 1 of 1 |
| Wells Fargo | Overweight | 2026-08-05 | $700 | 5 | 5 | 10 | 1 of 1 |
| Evercore ISI Group | Outperform | 2026-08-05 | $579 | 6 | 5 | 11 | 1 of 1 |
| Raymond James | Strong Buy | 2026-08-25 | $641 | 4 | 0 | 4 | 1 of 1 |
| Melius Research | Buy | 2026-05-18 | $540 | 4 | 1 | 5 | 1 of 1 |
| BMO Capital | Outperform | 2026-08-21 | $550 | 1 | 0 | 1 | — |
| Argus Research | Buy | 2026-08-06 | $625 | 2 | 0 | 2 | 1 of 1 |
| Daiwa Capital | Outperform | 2026-05-13 | $500 | 2 | 0 | 2 | 1 of 1 |
| Seaport Global | Buy | 2026-05-06 | $430 | 1 | 0 | 1 | — |
| Baird | Outperform | 2026-05-06 | $625 | 2 | 1 | 3 | 1 of 1 |
| Citigroup | Buy | 2026-10-06 | $800 | 7 | 3 | 10 | — |
| Susquehanna | Positive | 2026-10-28 | $650 | 4 | 3 | 7 | 1 of 1 |
| DA Davidson | Buy | 2026-08-05 | $550 | 3 | 0 | 3 | — |
| Barclays | Overweight | 2026-08-05 | $665 | 5 | 2 | 7 | 1 of 1 |
| RBC Capital | Sector Perform | 2026-08-05 | $540 | 3 | 2 | 5 | — |
| Bernstein | Outperform | 2026-06-17 | $600 | 4 | 1 | 5 | — |
| Jefferies | Buy | 2026-07-25 | $640 | 2 | 1 | 3 | 1 of 1 |
| Goldman Sachs | Buy | 2026-07-06 | $640 | 5 | 0 | 5 | — |
| Morgan Stanley | Equal-Weight | 2026-08-05 | $465 | 4 | 4 | 8 | — |
| JPMorgan | Neutral | 2026-08-05 | $550 | 5 | 1 | 6 | — |
| Northland Capital Markets | Market Perform | 2026-08-05 | $320 | 0 | 1 | 1 | — |
| StoneX | Buy | 2026-09-29 | $685 | — | — | 0 | — |
| Deutsche Bank | Hold | 2026-05-06 | $365 | — | — | 0 | — |
| HSBC | Hold | 2026-05-04 | $340 | 3 | 1 | 4 | — |
| China Renaissance | Buy | 2026-01-13 | $291 | 1 | 0 | 1 | — |
| CICC | Outperform | 2025-11-07 | $265 | 1 | 0 | 1 | — |
Counts for one firm on one stock are small and move together; they are a record, not a grade. Neither the firms nor AMD carry a letter here. Why →
Every call, last 12 months
| Date | Firm | Rating | Action | Price at call | Target | Target status | Move in the 30 days before |
|---|---|---|---|---|---|---|---|
| 2026-10-28 | Susquehanna | Positive | maintained | $578.44 | $650 | running to 2027-10-28 | -4.8% |
| 2026-10-21 | Susquehanna | Positive | maintained | $552.72 | $620 | replaced 2026-10-28, new $650 | -10.2% |
| 2026-10-20 | Wedbush | Outperform | reiterated | $534.74 | $600 | running to 2027-10-20 | -4.5% |
| 2026-10-06 | Citigroup | Buy | maintained | $649.42 | $800 | running to 2027-10-06 | +36.0% |
| 2026-10-06 | Mizuho | Outperform | maintained | $649.42 | $705 | running to 2027-10-06 | +36.0% |
| 2026-10-05 | Stifel | Buy | maintained | $631.75 | $700 | running to 2027-10-05 | +32.3% |
| 2026-09-29 | StoneX | Buy | reiterated | $607.57 | $685 | running to 2027-09-29 | +30.5% |
| 2026-09-29 | Rosenblatt | Buy | maintained | $607.57 | $700 | running to 2027-09-29 | +30.5% |
| 2026-09-25 | Bank of America | Buy | maintained | $630.63 | $720 | running to 2027-09-25 | +31.1% |
| 2026-09-10 | Piper Sandler | Overweight | initiated | $503.60 | $600 | reached 2026-09-21 | +6.2% |
| 2026-08-25 | Raymond James | Outperform → Strong Buy | upgrade | $479.18 | $641 | reached 2026-10-06 | -8.2% |
| 2026-08-21 | BMO Capital | Outperform | initiated | $473.25 | $550 | reached 2026-09-18 | -14.3% |
| 2026-08-06 | Argus Research | Buy | maintained | $489.28 | $625 | reached 2026-09-24 | -5.2% |
| 2026-08-06 | Rosenblatt | Buy | maintained | $489.28 | $700 | running to 2027-08-06 | -5.2% |
| 2026-08-05 | DA Davidson | Buy | maintained | $482.05 | $550 | reached 2026-09-18 | -12.7% |
| 2026-08-05 | Morgan Stanley | Equal-Weight | maintained | $482.05 | $465 | within 5% of price when set | -12.7% |
| 2026-08-05 | JPMorgan | Neutral | maintained | $482.05 | $550 | reached 2026-09-18 | -12.7% |
| 2026-08-05 | Truist Securities | Buy | maintained | $482.05 | $594 | reached 2026-09-21 | -12.7% |
| 2026-08-05 | Wells Fargo | Overweight | maintained | $482.05 | $700 | running to 2027-08-05 | -12.7% |
| 2026-08-05 | RBC Capital | Sector Perform | reiterated | $482.05 | $540 | reached 2026-09-17 | -12.7% |
| 2026-08-05 | Wedbush | Outperform | reiterated | $482.05 | $600 | reached 2026-09-21 | -12.7% |
| 2026-08-05 | Cantor Fitzgerald | Overweight | reiterated | $482.05 | $700 | running to 2027-08-05 | -12.7% |
| 2026-08-05 | Evercore ISI Group | Outperform | maintained | $482.05 | $579 | reached 2026-09-21 | -12.7% |
| 2026-08-05 | Barclays | Overweight | reiterated | $482.05 | $665 | running to 2027-08-05 | -12.7% |
| 2026-08-05 | KeyBanc | Overweight | reiterated | $482.05 | $725 | running to 2027-08-05 | -12.7% |
| 2026-08-05 | Northland Capital Markets | Market Perform | reiterated | $482.05 | — | no target | -12.7% |
| 2026-07-30 | Susquehanna | Positive | maintained | $485.39 | $500 | within 5% of price when set | -16.4% |
| 2026-07-27 | Mizuho | Outperform | maintained | $494.95 | $625 | reached 2026-09-24 | -5.1% |
| 2026-07-27 | Wedbush | Outperform | maintained | $494.95 | $600 | reached 2026-09-21 | -5.1% |
| 2026-07-25 | UBS | Buy | maintained | $494.95 | $730 | running to 2027-07-25 | -7.1% |
| 2026-07-25 | Jefferies | Buy | maintained | $494.95 | $640 | reached 2026-10-06 | -7.1% |
| 2026-07-24 | Roth Capital | Buy | maintained | $521.95 | $650 | running to 2027-07-24 | +0.4% |
| 2026-07-24 | RBC Capital | Sector Perform | reiterated | $521.95 | $540 | within 5% of price when set | +0.4% |
| 2026-07-24 | Cantor Fitzgerald | Overweight | reiterated | $521.95 | $700 | running to 2027-07-24 | +0.4% |
| 2026-07-24 | Rosenblatt | Buy | maintained | $521.95 | $665 | replaced 2026-08-06, new $700 | +0.4% |
| 2026-07-23 | Benchmark | Buy | maintained | $539.69 | $685 | running to 2027-07-23 | +3.8% |
| 2026-07-14 | Bank of America | Buy | maintained | $548.13 | $620 | reached 2026-09-22 | +7.2% |
| 2026-07-14 | KeyBanc | Overweight | maintained | $548.13 | $725 | running to 2027-07-14 | +7.2% |
| 2026-07-13 | TD Cowen | Buy | maintained | $534.39 | $675 | running to 2027-07-13 | +4.5% |
| 2026-07-10 | Stifel | Buy | maintained | $557.89 | $635 | replaced 2026-10-05, new $700 | +23.3% |
| 2026-07-06 | Goldman Sachs | Buy | maintained | $552.05 | $640 | reached 2026-10-06 | +18.4% |
| 2026-06-30 | Wells Fargo | Overweight | maintained | $580.91 | $615 | replaced 2026-08-05, new $700 | +12.6% |
| 2026-06-29 | Cantor Fitzgerald | Overweight | maintained | $539.49 | $700 | running to 2027-06-29 | +4.5% |
| 2026-06-24 | UBS | Buy | maintained | $519.74 | $670 | replaced 2026-07-25, new $730 | +11.2% |
| 2026-06-17 | Bernstein | Outperform | maintained | $512.48 | $600 | reached 2026-09-21 | +21.7% |
| 2026-06-12 | Citigroup | Neutral → Buy | upgrade | $511.57 | $575 | reached 2026-06-30 | +14.8% |
| 2026-06-11 | Bank of America | Buy | maintained | $488.45 | $560 | reached 2026-06-30 | +9.0% |
| 2026-06-01 | Barclays | Overweight | maintained | $510.13 | $665 | running to 2027-06-01 | +41.5% |
| 2026-06-01 | TD Cowen | Buy | maintained | $510.13 | $600 | replaced 2026-07-13, new $675 | +41.5% |
| 2026-06-01 | Mizuho | Outperform | maintained | $510.13 | $615 | replaced 2026-07-27, new $625 | +41.5% |
| 2026-05-19 | Evercore ISI Group | Outperform | maintained | $414.05 | $579 | reached 2026-06-30 | +48.7% |
| 2026-05-18 | Citigroup | Neutral | maintained | $420.99 | $460 | reached 2026-05-22 | +51.2% |
| 2026-05-18 | Melius Research | Buy | maintained | $420.99 | $540 | reached 2026-06-03 | +51.2% |
| 2026-05-13 | Daiwa Capital | Buy → Outperform | downgrade | $445.50 | $500 | reached 2026-05-26 | +80.5% |
| 2026-05-13 | Bank of America | Buy | maintained | $445.50 | $500 | reached 2026-05-26 | +80.5% |
| 2026-05-12 | Mizuho | Outperform | maintained | $448.29 | $515 | reached 2026-05-28 | +83.0% |
| 2026-05-07 | Citigroup | Neutral | maintained | $408.46 | $358 | replaced 2026-05-18, new $460 | +84.4% |
| 2026-05-06 | JPMorgan | Neutral | maintained | $421.39 | $385 | replaced 2026-08-05, new $550 | +91.4% |
| 2026-05-06 | TD Cowen | Buy | maintained | $421.39 | $500 | reached 2026-05-26 | +91.4% |
| 2026-05-06 | Bernstein | Market Perform → Outperform | upgrade | $421.39 | $525 | reached 2026-06-03 | +91.4% |
| 2026-05-06 | Cantor Fitzgerald | Overweight | maintained | $421.39 | $500 | reached 2026-05-26 | +91.4% |
| 2026-05-06 | RBC Capital | Sector Perform | maintained | $421.39 | $400 | replaced 2026-07-24, new $540 | +91.4% |
| 2026-05-06 | Barclays | Overweight | maintained | $421.39 | $500 | reached 2026-05-26 | +91.4% |
| 2026-05-06 | Wells Fargo | Overweight | maintained | $421.39 | $505 | reached 2026-05-28 | +91.4% |
| 2026-05-06 | Susquehanna | Positive | maintained | $421.39 | $450 | reached 2026-05-08 | +91.4% |
| 2026-05-06 | Benchmark | Buy | maintained | $421.39 | $485 | reached 2026-05-26 | +91.4% |
| 2026-05-06 | KeyBanc | Overweight | maintained | $421.39 | $530 | reached 2026-06-03 | +91.4% |
| 2026-05-06 | Mizuho | Outperform | maintained | $421.39 | $415 | within 5% of price when set | +91.4% |
| 2026-05-06 | Rosenblatt | Buy | maintained | $421.39 | $490 | reached 2026-05-26 | +91.4% |
| 2026-05-06 | Wedbush | Outperform | maintained | $421.39 | $450 | reached 2026-05-08 | +91.4% |
| 2026-05-06 | DA Davidson | Buy | maintained | $421.39 | $425 | within 5% of price when set | +91.4% |
| 2026-05-06 | Seaport Global | Neutral → Buy | upgrade | $421.39 | $430 | within 5% of price when set | +91.4% |
| 2026-05-06 | Stifel | Buy | maintained | $421.39 | $450 | reached 2026-05-08 | +91.4% |
| 2026-05-06 | Morgan Stanley | Equal-Weight | maintained | $421.39 | $410 | within 5% of price when set | +91.4% |
| 2026-05-06 | Melius Research | Buy | maintained | $421.39 | $500 | replaced 2026-05-18, new $540 | +91.4% |
| 2026-05-06 | Deutsche Bank | Hold | maintained | $421.39 | $365 | running to 2027-05-06 | +91.4% |
| 2026-05-06 | Bank of America | Buy | maintained | $421.39 | $450 | reached 2026-05-08 | +91.4% |
| 2026-05-06 | Roth Capital | Buy | maintained | $421.39 | $500 | reached 2026-05-26 | +91.4% |
| 2026-05-06 | Jefferies | Buy | maintained | $421.39 | $415 | within 5% of price when set | +91.4% |
| 2026-05-06 | Baird | Outperform | maintained | $421.39 | $625 | reached 2026-09-24 | +91.4% |
| 2026-05-06 | Northland Capital Markets | Market Perform | maintained | $421.39 | $320 | running to 2027-05-06 | +91.4% |
| 2026-05-06 | Raymond James | Outperform | maintained | $421.39 | $455 | reached 2026-05-08 | +91.4% |
| 2026-05-06 | Truist Securities | Buy | maintained | $421.39 | $478 | reached 2026-05-26 | +91.4% |
| 2026-05-06 | Goldman Sachs | Neutral → Buy | upgrade | $421.39 | $450 | reached 2026-05-08 | +91.4% |
| 2026-05-04 | HSBC | Buy → Hold | downgrade | $341.54 | $340 | within 5% of price when set | +57.0% |
| 2026-05-04 | Wedbush | Outperform | maintained | $341.54 | $400 | reached 2026-05-06 | +57.0% |
| 2026-05-04 | Morgan Stanley | Equal-Weight | maintained | $341.54 | $360 | reached 2026-05-06 | +57.0% |
| 2026-05-01 | RBC Capital | Sector Perform | maintained | $360.54 | $325 | replaced 2026-05-06, new $400 | +71.5% |
| 2026-04-29 | Susquehanna | Positive | maintained | $337.11 | $375 | reached 2026-05-06 | +72.0% |
| 2026-04-27 | Northland Capital Markets | Outperform → Market Perform | downgrade | $334.63 | $260 | replaced 2026-05-06, new $320 | +65.7% |
| 2026-04-24 | DA Davidson | Neutral → Buy | upgrade | $347.81 | $375 | reached 2026-05-06 | +57.9% |
| 2026-04-20 | Stifel | Buy | maintained | $274.95 | $320 | reached 2026-04-24 | +36.6% |
| 2026-04-17 | Bank of America | Buy | maintained | $278.39 | $310 | reached 2026-04-24 | +39.6% |
| 2026-04-16 | Bernstein | Market Perform | maintained | $278.26 | $265 | within 5% of price when set | +41.8% |
| 2026-04-06 | Citigroup | Neutral | maintained | $220.18 | $248 | reached 2026-04-14 | +14.4% |
| 2026-03-16 | RBC Capital | Sector Perform | reiterated | $196.58 | $230 | reached 2026-04-08 | -5.2% |
| 2026-02-25 | Goldman Sachs | Neutral | maintained | $210.86 | $240 | reached 2026-04-10 | -16.1% |
| 2026-02-25 | RBC Capital | Sector Perform | reiterated | $210.86 | $230 | reached 2026-04-08 | -16.1% |
| 2026-02-25 | Evercore ISI Group | Outperform | maintained | $210.86 | $358 | reached 2026-05-01 | -16.1% |
| 2026-02-25 | Mizuho | Outperform | maintained | $210.86 | $280 | reached 2026-04-21 | -16.1% |
| 2026-02-25 | Benchmark | Buy | reiterated | $210.86 | $325 | reached 2026-04-24 | -16.1% |
| 2026-02-13 | DA Davidson | Neutral | initiated | $207.32 | $220 | reached 2026-03-25 | -7.3% |
| 2026-02-04 | Morgan Stanley | Equal-Weight | maintained | $200.19 | $255 | reached 2026-04-14 | -9.4% |
| 2026-02-04 | Wedbush | Outperform | reiterated | $200.19 | $290 | reached 2026-04-22 | -9.4% |
| 2026-02-04 | Evercore ISI Group | Outperform | maintained | $200.19 | $328 | replaced 2026-02-25, new $358 | -9.4% |
| 2026-02-04 | KeyBanc | Overweight | maintained | $200.19 | $300 | reached 2026-04-22 | -9.4% |
| 2026-02-04 | Rosenblatt | Buy | maintained | $200.19 | $300 | reached 2026-04-22 | -9.4% |
| 2026-02-04 | Benchmark | Buy | reiterated | $200.19 | $325 | reached 2026-04-24 | -9.4% |
| 2026-02-04 | Bank of America | Buy | maintained | $200.19 | $280 | replaced 2026-04-17, new $310 | -9.4% |
| 2026-01-30 | Wells Fargo | Overweight | reiterated | $236.73 | $345 | reached 2026-04-24 | +10.5% |
| 2026-01-26 | UBS | Buy | maintained | $251.31 | $330 | reached 2026-04-24 | +16.9% |
| 2026-01-26 | Piper Sandler | Overweight | maintained | $251.31 | $300 | reached 2026-04-22 | +16.9% |
| 2026-01-21 | Bernstein | Market Perform | maintained | $249.80 | $225 | reached 2026-02-04 | +16.2% |
| 2026-01-15 | RBC Capital | Sector Perform | initiated | $227.92 | $230 | within 5% of price when set | +9.0% |
| 2026-01-13 | China Renaissance | Buy | initiated | $220.97 | $291 | reached 2026-04-22 | +4.8% |
| 2026-01-13 | KeyBanc | Sector Weight → Overweight | upgrade | $220.97 | $270 | replaced 2026-02-04, new $300 | +4.8% |
| 2025-12-19 | Truist Securities | Buy | maintained | $213.43 | $277 | reached 2026-04-16 | -4.5% |
| 2025-12-16 | Cantor Fitzgerald | Overweight | maintained | $209.17 | $300 | reached 2026-04-22 | -15.2% |
| 2025-12-16 | Bank of America | Buy | maintained | $209.17 | $260 | replaced 2026-02-04, new $280 | -15.2% |
| 2025-11-12 | Roth Capital | Buy | maintained | $258.89 | $300 | reached 2026-04-22 | — |
| 2025-11-12 | Piper Sandler | Overweight | reiterated | $258.89 | $280 | replaced 2026-01-26, new $300 | — |
| 2025-11-12 | Wells Fargo | Overweight | maintained | $258.89 | $345 | reached 2026-04-24 | — |
| 2025-11-12 | Bank of America | Buy | reiterated | $258.89 | $300 | replaced 2025-12-16, new $260 | — |
| 2025-11-12 | Wedbush | Outperform | reiterated | $258.89 | $290 | reached 2026-04-22 | — |
| 2025-11-12 | Rosenblatt | Buy | maintained | $258.89 | $300 | reached 2026-04-22 | — |
| 2025-11-12 | Mizuho | Outperform | maintained | $258.89 | $285 | replaced 2026-02-25, new $280 | — |
| 2025-11-12 | Morgan Stanley | Equal-Weight | reiterated | $258.89 | $260 | within 5% of price when set | — |
| 2025-11-12 | Evercore ISI Group | Outperform | maintained | $258.89 | $283 | replaced 2026-02-04, new $328 | — |
| 2025-11-10 | Wedbush | Outperform | reiterated | $243.98 | $290 | reached 2026-04-22 | — |
| 2025-11-07 | CICC | Market Perform → Outperform | upgrade | $233.54 | $265 | reached 2026-04-16 | — |
| 2025-11-05 | UBS | Buy | maintained | $256.33 | $300 | replaced 2026-01-26, new $330 | — |
| 2025-11-05 | Citigroup | Neutral | maintained | $256.33 | $260 | within 5% of price when set | — |
| 2025-11-05 | JPMorgan | Neutral | maintained | $256.33 | $270 | reached 2026-04-16 | — |
| 2025-11-05 | TD Cowen | Buy | maintained | $256.33 | $290 | reached 2026-04-22 | — |
| 2025-11-05 | Roth Capital | Buy | maintained | $256.33 | $300 | reached 2026-04-22 | — |
| 2025-11-05 | Truist Securities | Buy | reiterated | $256.33 | $279 | replaced 2025-12-19, new $277 | — |
| 2025-11-05 | Wedbush | Outperform | maintained | $256.33 | $290 | reached 2026-04-22 | — |
| 2025-11-05 | Evercore ISI Group | Outperform | maintained | $256.33 | $270 | replaced 2025-11-12, new $283 | — |
| 2025-11-05 | Benchmark | Buy | maintained | $256.33 | $325 | reached 2026-04-24 | — |
| 2025-11-05 | Rosenblatt | Buy | maintained | $256.33 | $300 | reached 2026-04-22 | — |
| 2025-11-05 | Stifel | Buy | maintained | $256.33 | $280 | replaced 2026-04-20, new $320 | — |
| 2025-11-05 | Morgan Stanley | Equal-Weight | maintained | $256.33 | $260 | within 5% of price when set | — |
| 2025-11-05 | Piper Sandler | Overweight | maintained | $256.33 | $280 | replaced 2026-01-26, new $300 | — |
| 2025-10-30 | Wells Fargo | Overweight | maintained | $254.84 | $300 | replaced 2025-11-12, new $345 | — |
Also in Semiconductors
Interactive version with the price chart and target overlay: Scorecard tab on the dashboard. All covered names: index.
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Every call is checked on the firm's own terms. A price target is followed until its own deadline (12 months unless the firm publishes a different horizon) and ends as reached (the stock closed at or beyond it while it stood), replaced (the same firm set a new target first) or short at deadline. A rating is compared with the stock's sector SPDR ETF on total return over the rating's life, because most big-firm ratings are relative: Overweight means "beat its peers", not "go up". Hold-type ratings are tracked, not graded. A firm is numbered only with 30+ resolved targets, and a letter prints only for a firm's whole record where an exact test separates it from a coin flip. None of this is a verdict on anyone's skill, and one day is never a grade. The full method →
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