Raymond James
Upgrade grade
A
Downgrade grade
C
Raymond James Financial was founded in 1962 by Robert M. James in St. Petersburg, Florida, and has grown into one of the largest independent investment banks and financial services firms in the United States. With approximately 10,972 analyst ratings calls on US equities in our database, the firm maintains substantial research coverage across a broad spectrum of the market. Raymond James is particularly renowned for its comprehensive coverage of financial services, healthcare, industrials, and consumer sectors, combining institutional research capabilities with a strong retail brokerage presence that gives the firm unique insights into retail investor sentiment. A distinctive aspect of Raymond James's research culture is its emphasis on independence and contrarian analysis—the firm has built its reputation partly on equity research analysts who are willing to take unconventional stances, and it maintains one of Wall Street's most consistent track records for initiating coverage on smaller-cap and overlooked companies before they become mainstream investment narratives.
Upgrades
1,511
77.96% win rate
· avg +3.10% D1
Downgrades
1,781
70.92% win rate
· avg -2.93% D1
Avg Gap — Upgrades
+2.63%
open vs prev close
Avg Gap — Downgrades
-2.65%
open vs prev close
Performance by Sector
| Sector | ↑ Win% | ↑ D1 | ↓ Win% | ↓ D1 |
|---|---|---|---|---|
| Financial Services | 76.92% (390) | +2.03% | 69.84% (451) | -2.00% |
| Consumer Cyclical | 79.89% (184) | +2.97% | 68.62% (239) | -2.46% |
| Technology | 82.95% (176) | +4.47% | 73.24% (213) | -3.38% |
| Real Estate | 77.71% (166) | +1.96% | 63.89% (180) | -1.25% |
| Healthcare | 78.40% (162) | +6.34% | 73.60% (178) | -6.21% |
| Industrials | 81.63% (147) | +2.97% | 77.30% (185) | -3.15% |
| Energy | 69.78% (139) | +1.30% | 69.38% (160) | -2.61% |
| Communication Services | 72.58% (62) | +5.03% | 83.33% (72) | -5.62% |
| Basic Materials | 76.09% (46) | +2.72% | 72.00% (50) | -1.89% |
| Consumer Defensive | 95.00% (20) | +5.95% | 62.50% (32) | -5.31% |
Win Rate by Year
| Year | ↑ Win% | ↑ Calls | ↓ Win% | ↓ Calls |
|---|---|---|---|---|
| 2026 | 78.7% | 61 | 70.0% | 50 |
| 2025 | 77.2% | 79 | 69.4% | 72 |
| 2024 | 78.5% | 93 | 75.0% | 108 |
| 2023 | 81.5% | 119 | 65.7% | 143 |
| 2022 | 79.8% | 89 | 71.6% | 155 |
| 2021 | 79.9% | 149 | 67.7% | 124 |
| 2020 | 63.6% | 187 | 63.7% | 190 |
| 2019 | 86.0% | 93 | 68.1% | 144 |
| 2018 | 82.9% | 111 | 76.2% | 101 |
| 2017 | 79.8% | 89 | 73.3% | 105 |
Recent Calls
| Date | Ticker | Company | Sector | Action | Grade Change | PT | Gap | D1 |
|---|---|---|---|---|---|---|---|---|
| May 20, 2026 | SM | SM Energy Company | Energy | Upgrade | Underperform → Outperform | $55 | — | — |
| May 19, 2026 | PFG | Principal Financial Group, Inc. | Financial Services | Downgrade | Strong Buy → Outperform | $111 | -0.0% | -1.2% |
| May 18, 2026 | YSWY | Yesway, Inc. | — | Initiates | Outperform | $30 | -2.4% | -2.2% |
| May 18, 2026 | INVH | Invitation Homes Inc. | Real Estate | Upgrade | Mkt Perform → Outperform | $32 | +0.9% | +2.9% |
| May 18, 2026 | AMH | American Homes 4 Rent | Real Estate | Upgrade | Mkt Perform → Outperform | $35 | +1.2% | +4.2% |
| May 15, 2026 | ANET | Arista Networks, Inc. | Technology | Upgrade | Mkt Perform → Outperform | $164 | -1.9% | -4.0% |
| May 13, 2026 | IFRX | InflaRx N.V. | Healthcare | Upgrade | Outperform → Strong Buy | $9 | +8.6% | +3.7% |
| May 12, 2026 | RY | Royal Bank of Canada | Financial Services | Downgrade | Outperform → Mkt Perform | — | +0.1% | +0.8% |
| May 12, 2026 | TD | The Toronto-Dominion Bank | Financial Services | Upgrade | Mkt Perform → Outperform | — | -0.3% | +0.6% |
| May 12, 2026 | AVEX | Aevex Corp. | Industrials | Initiates | Outperform | $35 | +5.6% | +15.3% |
| May 12, 2026 | GTLB | GitLab Inc. | Technology | Downgrade | Outperform → Mkt Perform | — | -12.0% | -10.0% |
| May 11, 2026 | TDS | Telephone and Data Systems, Inc. | Communication Services | Downgrade | Outperform → Mkt Perform | — | +0.3% | -6.8% |
| May 11, 2026 | AD | Array Digital Infrastructure, Inc. | Communication Services | Downgrade | Outperform → Mkt Perform | — | -4.7% | -5.8% |
| May 11, 2026 | TEX | Terex Corporation | Industrials | Upgrade | Outperform → Strong Buy | $85 | +1.8% | +0.8% |
| May 8, 2026 | ENGN | enGene Holdings Inc. | Healthcare | Downgrade | Strong Buy → Outperform | $4 | -0.6% | -12.8% |
| May 8, 2026 | NSIT | Insight Enterprises, Inc. | Technology | Upgrade | Mkt Perform → Outperform | $100 | +2.3% | +19.1% |
| May 8, 2026 | FSLY | Fastly, Inc. | Technology | Upgrade | Mkt Perform → Outperform | $23 | +4.4% | +5.2% |
| May 7, 2026 | CNQ | Canadian Natural Resources Limited | Energy | Upgrade | Mkt Perform → Outperform | — | -3.5% | -2.0% |
| May 6, 2026 | CVE | Cenovus Energy Inc. | Energy | Downgrade | Strong Buy → Outperform | — | -4.8% | -4.8% |
| May 5, 2026 | NTR | Nutrien Ltd. | Basic Materials | Upgrade | Mkt Perform → Outperform | $90 | +0.0% | +1.9% |
| May 5, 2026 | DVN | Devon Energy Corporation | Energy | Upgrade | Outperform → Strong Buy | $72 | -0.0% | -0.5% |
| May 4, 2026 | ACHC | Acadia Healthcare Company, Inc. | Healthcare | Upgrade | Outperform → Strong Buy | $39 | +5.5% | -0.6% |
| May 1, 2026 | RBLX | Roblox Corporation | Technology | Downgrade | Outperform → Mkt Perform | — | -23.3% | -18.3% |
| May 1, 2026 | BBT | Beacon Financial Corp. | Financial Services | Downgrade | Strong Buy → Mkt Perform | — | -0.8% | +0.6% |
| Apr 30, 2026 | MVBF | MVB Financial Corp. | Financial Services | Downgrade | Outperform → Mkt Perform | — | -7.0% | +1.2% |