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Ratings · Intelligence · Berenberg

Berenberg

691 total ratings · Since 2012 · View all ratings →
Upgrade grade
D
Downgrade grade
D
Berenberg is one of Europe's oldest private banks, founded in Hamburg, Germany in 1668 and remaining family-owned to this day, which gives it a uniquely long-term perspective on markets and investing. The firm has grown into a significant global player with approximately 2,500 employees across major financial centers, though it maintains a more selective and relationship-focused approach than many competitors. In equity research, Berenberg is particularly known for deep coverage of European companies across industrials, healthcare, technology, and consumer sectors, though their approximately 691 US equity analyst ratings demonstrate meaningful expansion into American markets. What distinguishes Berenberg's research culture is their commitment to fundamental, independent analysis rooted in rigorous company engagement and on-the-ground investigation, reflecting the thoughtful, contrarian tradition that has enabled a private bank to thrive for over three and a half centuries.
Upgrades
159
62.26% win rate · avg +1.11% D1
Downgrades
142
68.31% win rate · avg -1.09% D1
Avg Gap — Upgrades
+1.50%
open vs prev close
Avg Gap — Downgrades
-1.26%
open vs prev close

Performance by Sector

Sector ↑ Win% ↑ D1 ↓ Win% ↓ D1
Consumer Cyclical 50.00% (32) -0.55% 76.00% (25) -1.64%
Basic Materials 63.16% (19) +0.88% 55.56% (27) -0.75%
Technology 71.43% (28) +2.08% 71.43% (14) -0.74%
Industrials 77.78% (18) +1.68% 64.71% (17) -1.27%
Consumer Defensive 64.29% (14) +1.03% 73.33% (15) -1.28%
Healthcare 75.00% (12) +1.33% 64.71% (17) -1.50%
Financial Services 61.54% (13) +1.85%

Win Rate by Year

Year ↑ Win% ↑ Calls ↓ Win% ↓ Calls
2022 55.6% 18 70.0% 20
2021 56.8% 44 50.0% 22
2020 64.7% 17 62.5% 24
2019 54.5% 11 76.5% 17
2018 38.9% 18
2017 91.7% 12 63.6% 11
2016 85.7% 14 58.3% 12

Recent Calls

Date Ticker Company Sector Action Grade Change PT Gap D1
Apr 21, 2026 PANW Palo Alto Networks, Inc. Technology Initiates Buy $215 +0.5% +3.2%
Jan 9, 2026 CRWD CrowdStrike Holdings, Inc. Technology Upgrade Hold Buy +1.8% +1.5%
Oct 9, 2025 DKNG DraftKings Inc. Consumer Cyclical Upgrade Hold Buy +0.7% +3.6%
Sep 17, 2025 NVO Novo Nordisk A/S Healthcare Upgrade Hold Buy +1.0% +1.7%
Sep 17, 2025 MRK Merck & Co., Inc. Healthcare Downgrade Buy Hold -0.1% +0.1%
Sep 17, 2025 ABBV AbbVie Inc. Healthcare Upgrade Hold Buy +1.3% +2.1%
Sep 17, 2025 LLY Eli Lilly and Company Healthcare Downgrade Buy Hold -0.4% -0.6%
Sep 15, 2025 ORCL Oracle Corporation Technology Maintains Hold Hold +4.9% +3.4%
Sep 10, 2025 COTY Coty Inc. Consumer Defensive Downgrade Buy Hold -2.8% -5.4%
Jul 24, 2025 BHP BHP Group Limited Basic Materials Downgrade Hold Sell -1.5% -2.2%
Jun 27, 2025 ADSK Autodesk, Inc. Technology Upgrade Hold Buy +0.8% +0.1%
Dec 11, 2024 FERG Ferguson plc Industrials Maintains Buy Buy +0.0% -0.7%
Aug 30, 2024 ADSK Autodesk, Inc. Technology Maintains Hold Hold +4.6% +0.1%
Aug 14, 2024 LLY Eli Lilly and Company Healthcare Maintains Buy Buy +0.2% +2.6%
Jul 31, 2024 ALB Albemarle Corporation Basic Materials Downgrade Buy Hold -0.6% +1.3%
Jul 11, 2024 LLY Eli Lilly and Company Healthcare Maintains Buy Buy -0.6% -0.6%
Jun 27, 2024 RIO Rio Tinto Group Basic Materials Downgrade Buy Hold -1.2% -1.5%
May 1, 2024 ADSK Autodesk, Inc. Technology Downgrade Buy Hold -0.9% -1.0%
Apr 29, 2024 NTR Nutrien Ltd. Basic Materials Upgrade Hold Buy +1.8% +2.9%
Apr 23, 2024 STM STMicroelectronics N.V. Technology Upgrade Hold Buy +0.5% +1.9%
Apr 17, 2024 CF CF Industries Holdings, Inc. Basic Materials Maintains Hold Hold +0.6% +0.1%
Apr 11, 2024 ALB Albemarle Corporation Basic Materials Upgrade Hold Buy +1.3% +2.1%
Apr 8, 2024 MRK Merck & Co., Inc. Healthcare Maintains Buy Buy -0.3% -1.1%
Mar 26, 2024 STLA Stellantis N.V. Consumer Cyclical Downgrade Buy Hold -1.9% -2.4%
Mar 20, 2024 E Eni S.p.A. Energy Downgrade Buy Hold -1.6% -0.4%