Canaccord Genuity
Upgrade grade
B
Downgrade grade
B
Canaccord Genuity was founded in 1975 as Canaccord Capital and has grown into a leading independent investment bank headquartered in Toronto with significant operations across North America, Europe, and Asia. The firm maintains substantial scale as a diversified financial services provider, with their equity research team producing nearly 5,000 analyst ratings across U.S. equities and demonstrating deep coverage capabilities across multiple sectors. Canaccord has built particular expertise in technology, growth companies, and emerging sectors, earning recognition for their research acumen in areas like software, semiconductors, and digital transformation plays. The firm has cultivated a reputation for maintaining independence and taking contrarian analytical positions, particularly in the technology and small-cap spaces, with analysts known for conducting detailed primary research and company access work rather than simply following consensus narratives.
Upgrades
289
74.74% win rate
· avg +3.78% D1
Downgrades
314
75.48% win rate
· avg -5.47% D1
Avg Gap — Upgrades
+3.31%
open vs prev close
Avg Gap — Downgrades
-4.85%
open vs prev close
Performance by Sector
| Sector | ↑ Win% | ↑ D1 | ↓ Win% | ↓ D1 |
|---|---|---|---|---|
| Technology | 77.42% (62) | +3.72% | 84.75% (59) | -8.27% |
| Healthcare | 77.78% (54) | +7.57% | 83.87% (62) | -9.80% |
| Basic Materials | 70.45% (44) | +3.64% | 66.67% (51) | -3.15% |
| Industrials | 80.56% (36) | +2.86% | 79.41% (34) | -4.00% |
| Consumer Cyclical | 72.41% (29) | +3.21% | 68.75% (32) | -3.49% |
| Energy | 80.00% (20) | +2.00% | 55.00% (20) | -3.18% |
| Financial Services | 66.67% (12) | +0.75% | 71.43% (21) | -1.54% |
| Communication Services | 66.67% (15) | +1.50% | 81.25% (16) | -0.98% |
| Consumer Defensive | 60.00% (10) | +1.84% | 75.00% (12) | -6.90% |
Win Rate by Year
| Year | ↑ Win% | ↑ Calls | ↓ Win% | ↓ Calls |
|---|---|---|---|---|
| 2026 | — | — | 58.3% | 12 |
| 2025 | 75.0% | 12 | 68.8% | 16 |
| 2024 | — | — | 91.7% | 12 |
| 2023 | 81.3% | 16 | 84.2% | 19 |
| 2022 | 56.3% | 16 | 80.0% | 25 |
| 2021 | 65.0% | 20 | 69.2% | 13 |
| 2020 | 83.3% | 12 | 56.0% | 25 |
| 2019 | 80.0% | 15 | 70.6% | 17 |
| 2018 | 80.8% | 26 | 92.3% | 13 |
| 2017 | 81.0% | 21 | 80.0% | 25 |
Recent Calls
| Date | Ticker | Company | Sector | Action | Grade Change | PT | Gap | D1 |
|---|---|---|---|---|---|---|---|---|
| May 19, 2026 | XYZ | Block, Inc. | Technology | Reiterates | Buy | $85 | +0.3% | -2.1% |
| May 19, 2026 | PGNY | Progyny, Inc. | Healthcare | Upgrade | Hold → Buy | $30 | +1.7% | +2.3% |
| May 18, 2026 | ELMT | Elmet Group Co. | Industrials | Initiates | Buy | $20 | +1.9% | -7.1% |
| May 12, 2026 | GTM | ZoomInfo Technologies Inc. | Technology | Downgrade | Buy → Hold | $5 | -33.8% | -32.8% |
| May 11, 2026 | BBOT | BridgeBio Oncology Therapeutics Inc. | Healthcare | Initiates | Buy | $23 | +2.5% | +3.0% |
| May 8, 2026 | KOPN | Kopin Corporation | Technology | Reiterates | Buy | $6 | +3.1% | +12.2% |
| May 8, 2026 | UPWK | Upwork Inc. | Industrials | Downgrade | Buy → Hold | $10 | -27.9% | -16.9% |
| May 8, 2026 | ATRA | Atara Biotherapeutics, Inc. | Healthcare | Upgrade | Hold → Buy | $13 | -2.8% | -16.0% |
| May 6, 2026 | KYMR | Kymera Therapeutics, Inc. | Healthcare | Initiates | Buy | $106 | +1.7% | +4.3% |
| May 4, 2026 | SEER | Seer, Inc. | Healthcare | Initiates | Buy | $4 | +1.0% | -3.9% |
| May 1, 2026 | MMSI | Merit Medical Systems, Inc. | Healthcare | Maintains | Buy → Buy | — | -1.7% | -9.0% |
| May 1, 2026 | IRTC | iRhythm Technologies, Inc. | Healthcare | Maintains | Buy → Buy | — | -1.8% | -6.5% |
| May 1, 2026 | W | Wayfair Inc. | Consumer Cyclical | Maintains | Buy → Buy | — | -0.0% | +2.5% |
| May 1, 2026 | ILMN | Illumina, Inc. | Healthcare | Maintains | Hold → Hold | — | +5.1% | +7.1% |
| May 1, 2026 | DXCM | DexCom, Inc. | Healthcare | Maintains | Buy → Buy | — | +2.4% | +3.0% |
| May 1, 2026 | RBLX | Roblox Corporation | Technology | Maintains | Buy → Buy | — | -23.3% | -18.3% |
| May 1, 2026 | SYK | Stryker Corporation | Healthcare | Maintains | Buy → Buy | — | -0.6% | -6.5% |
| Apr 30, 2026 | WVE | Wave Life Sciences Ltd. | Healthcare | Maintains | Buy → Buy | — | +0.0% | +0.1% |
| Apr 30, 2026 | TENB | Tenable Holdings, Inc. | Technology | Maintains | Buy → Buy | — | -5.5% | -2.7% |
| Apr 30, 2026 | ETSY | Etsy, Inc. | Consumer Cyclical | Maintains | Buy → Buy | — | -3.2% | -7.6% |
| Apr 30, 2026 | GNRC | Generac Holdings Inc. | Industrials | Maintains | Buy → Buy | — | +1.2% | +2.5% |
| Apr 30, 2026 | VRTX | Vertex Pharmaceuticals Incorporated | Healthcare | Maintains | Hold → Hold | — | +0.1% | +1.0% |
| Apr 30, 2026 | ABBV | AbbVie Inc. | Healthcare | Maintains | Buy → Buy | — | +2.5% | +3.6% |
| Apr 30, 2026 | AMZN | Amazon.com, Inc. | Consumer Cyclical | Maintains | Buy → Buy | — | +3.9% | +0.8% |
| Apr 30, 2026 | GOOGL | Alphabet Inc. | Communication Services | Maintains | Buy → Buy | — | +6.9% | +10.0% |