Susquehanna
Upgrade grade
C
Downgrade grade
C
Susquehanna International Group was founded in 1987 by Jeff Yass as a quantitative trading firm before expanding into a diversified financial services powerhouse with significant investment banking and equity research operations. Today the firm has grown into one of the most influential research providers in the market, with approximately 3,675 analyst ratings calls on US equities demonstrating their substantial coverage footprint across the market. Susquehanna's research team has built particular strength in technology, software, and internet sectors, where their deep analytical expertise and quant-driven approach provide distinctive insights into fast-moving and data-intensive industries. The firm is widely respected for its intellectually rigorous research culture that blends quantitative analysis with fundamental equity research, creating a reputation for contrarian thinking and detailed technical analysis that has made them a go-to source for sophisticated institutional investors navigating complex market dynamics.
Upgrades
345
71.59% win rate
· avg +1.74% D1
Downgrades
323
70.59% win rate
· avg -2.37% D1
Avg Gap — Upgrades
+1.74%
open vs prev close
Avg Gap — Downgrades
-2.47%
open vs prev close
Performance by Sector
| Sector | ↑ Win% | ↑ D1 | ↓ Win% | ↓ D1 |
|---|---|---|---|---|
| Technology | 74.19% (93) | +2.84% | 77.03% (74) | -3.41% |
| Consumer Cyclical | 70.93% (86) | +1.54% | 67.14% (70) | -1.99% |
| Industrials | 73.77% (61) | +1.46% | 68.12% (69) | -1.74% |
| Financial Services | 66.67% (27) | +0.67% | 62.50% (32) | -1.19% |
| Energy | 72.73% (22) | +0.98% | 51.85% (27) | -1.61% |
| Basic Materials | 65.00% (20) | -0.01% | 93.75% (16) | -1.06% |
| Consumer Defensive | 76.92% (13) | +1.85% | 84.62% (13) | -1.71% |
| Communication Services | — | — | 70.00% (10) | -6.04% |
Win Rate by Year
| Year | ↑ Win% | ↑ Calls | ↓ Win% | ↓ Calls |
|---|---|---|---|---|
| 2026 | 86.7% | 15 | — | — |
| 2025 | 83.3% | 18 | 75.0% | 12 |
| 2024 | 83.3% | 12 | 61.9% | 21 |
| 2023 | 90.0% | 20 | 71.4% | 14 |
| 2022 | 47.6% | 21 | 80.0% | 25 |
| 2021 | 72.7% | 22 | 68.8% | 16 |
| 2020 | 55.0% | 40 | 58.8% | 34 |
| 2019 | 88.0% | 25 | 79.2% | 24 |
| 2018 | 69.4% | 36 | 75.0% | 32 |
| 2017 | 85.2% | 27 | 68.8% | 32 |
Recent Calls
| Date | Ticker | Company | Sector | Action | Grade Change | PT | Gap | D1 |
|---|---|---|---|---|---|---|---|---|
| Aug 18, 2026 | TNL | Travel + Leisure Co. | Consumer Cyclical | Initiates | Positive | $95 | +2.0% | -1.9% |
| Aug 18, 2026 | VAC | Marriott Vacations Worldwide Corporation | Consumer Cyclical | Initiates | Neutral | $110 | -1.5% | -3.7% |
| Aug 18, 2026 | HGV | Hilton Grand Vacations Inc. | Consumer Cyclical | Initiates | Neutral | $50 | -0.8% | -3.2% |
| Aug 10, 2026 | P | Everpure, Inc. | Technology | Upgrade | Neutral → Positive | $120 | +4.1% | +8.8% |
| Aug 7, 2026 | TTD | The Trade Desk, Inc. | Technology | Downgrade | Positive → Neutral | $14 | -27.2% | -21.9% |
| Jul 30, 2026 | WERN | Werner Enterprises, Inc. | Industrials | Upgrade | Neutral → Positive | $44 | +2.0% | +0.6% |
| Jul 23, 2026 | LVS | Las Vegas Sands Corp. | Consumer Cyclical | Reiterates | Positive | $63 | -1.9% | +1.7% |
| Jul 21, 2026 | LYV | Live Nation Entertainment, Inc. | Communication Services | Downgrade | Positive → Neutral | $186 | -1.9% | -1.7% |
| Jul 14, 2026 | CNI | Canadian National Railway Company | Industrials | Downgrade | Positive → Neutral | $140 | -0.8% | -0.4% |
| Jul 14, 2026 | CSX | CSX Corporation | Industrials | Upgrade | Neutral → Positive | $58 | +0.6% | +0.6% |
| Jul 10, 2026 | IBM | International Business Machines Corporation | Technology | Initiates | Neutral | $303 | +0.7% | -2.6% |
| Jul 2, 2026 | GBX | The Greenbrier Companies, Inc. | Industrials | Downgrade | Positive → Neutral | $52 | -0.9% | -0.7% |
| Jul 1, 2026 | CRCL | Circle Internet Group | Financial Services | Initiates | Neutral | $69 | +1.7% | -1.1% |
| Jun 30, 2026 | AMAT | Applied Materials, Inc. | Technology | Reiterates | Positive | $900 | +0.4% | +4.1% |
| Jun 23, 2026 | SPCX | Space Exploration Technologies Corp. | Industrials | Initiates | Neutral | $170 | -2.3% | +1.0% |
| Jun 3, 2026 | NU | Nu Holdings Ltd. | Financial Services | Downgrade | Positive → Neutral | $13 | -2.3% | -2.4% |
| Jun 2, 2026 | KNX | Knight-Swift Transportation Holdings Inc. | Industrials | Upgrade | Neutral → Positive | $90 | +1.0% | -0.4% |
| May 29, 2026 | MU | Micron Technology, Inc. | Technology | Reiterates | Positive | $1750 | +3.6% | +5.1% |
| May 29, 2026 | DELL | Dell Technologies Inc. | Technology | Upgrade | Neutral → Positive | $700 | +31.8% | +32.8% |
| May 28, 2026 | AVGO | Broadcom Inc. | Technology | Reiterates | Positive | $490 | -0.2% | +1.1% |
| May 26, 2026 | WWD | Woodward, Inc. | Industrials | Initiates | Positive | $423 | +1.7% | +2.8% |
| May 21, 2026 | KD | Kyndryl Holdings, Inc. | Technology | Downgrade | Positive → Neutral | $13 | -3.7% | -0.5% |
| May 12, 2026 | NVDA | NVIDIA Corporation | Technology | Reiterates | Positive | $275 | -0.4% | +0.6% |
| May 8, 2026 | ABNB | Airbnb, Inc. | Consumer Cyclical | Upgrade | Neutral → Positive | $170 | -1.7% | +0.7% |
| May 6, 2026 | GFS | GLOBALFOUNDRIES Inc. | Technology | Upgrade | Neutral → Positive | $100 | +2.0% | -2.4% |