Bernstein
Upgrade grade
C
Downgrade grade
C
Sanford C. Bernstein & Co., founded in 1967, is a premier global investment bank and equity research powerhouse known for its rigorous, fundamental approach to securities analysis. With approximately 1,712 analyst rating calls on US equities in our database, Bernstein represents a significant voice in institutional equity research and maintains a reputation for independent thinking and deep sector expertise. The firm is particularly renowned for its coverage of consumer discretionary, healthcare, technology, and industrial companies, where their analysts are known for combining quantitative rigor with qualitative insight. Bernstein is distinctive in its commitment to detailed bottom-up research and historical willingness to challenge consensus views, earning respect from institutional investors who value contrarian perspectives backed by meticulous company and industry analysis.
Upgrades
320
72.19% win rate
· avg +1.77% D1
Downgrades
292
71.58% win rate
· avg -1.66% D1
Avg Gap — Upgrades
+1.60%
open vs prev close
Avg Gap — Downgrades
-1.65%
open vs prev close
Performance by Sector
| Sector | ↑ Win% | ↑ D1 | ↓ Win% | ↓ D1 |
|---|---|---|---|---|
| Technology | 76.74% (43) | +2.72% | 78.72% (47) | -2.40% |
| Energy | 69.05% (42) | +2.90% | 67.44% (43) | -2.68% |
| Industrials | 81.82% (44) | +1.44% | 71.05% (38) | -0.91% |
| Consumer Cyclical | 66.67% (45) | +2.06% | 65.71% (35) | -1.08% |
| Consumer Defensive | 65.12% (43) | +1.13% | 72.97% (37) | -1.61% |
| Healthcare | 74.29% (35) | +1.85% | 68.00% (25) | -1.39% |
| Financial Services | 75.00% (28) | +1.25% | 76.92% (26) | -1.35% |
| Communication Services | 82.35% (17) | +1.10% | 65.00% (20) | -2.08% |
| Basic Materials | 56.25% (16) | +0.10% | 66.67% (15) | -0.22% |
Win Rate by Year
| Year | ↑ Win% | ↑ Calls | ↓ Win% | ↓ Calls |
|---|---|---|---|---|
| 2026 | 59.1% | 22 | 52.0% | 25 |
| 2025 | 85.7% | 14 | 52.6% | 19 |
| 2024 | 71.4% | 28 | 63.3% | 30 |
| 2023 | 67.9% | 28 | 64.5% | 31 |
| 2022 | 73.7% | 19 | 65.0% | 20 |
| 2021 | 78.3% | 23 | 81.8% | 11 |
| 2020 | 61.8% | 34 | 80.6% | 36 |
| 2019 | 65.0% | 20 | 77.3% | 22 |
| 2018 | 71.0% | 31 | 70.6% | 17 |
| 2017 | 77.3% | 22 | 85.7% | 21 |
Recent Calls
| Date | Ticker | Company | Sector | Action | Grade Change | PT | Gap | D1 |
|---|---|---|---|---|---|---|---|---|
| Oct 2, 2026 | FPS | Forgent Power Solutions, Inc. | Industrials | Initiates | Outperform | $48 | +6.0% | +8.1% |
| Sep 30, 2026 | LITE | Lumentum Holdings Inc. | Technology | Initiates | Outperform | $1220 | +1.2% | -0.2% |
| Sep 30, 2026 | GLW | Corning Incorporated | Technology | Initiates | Mkt Perform | $140 | -0.1% | -3.1% |
| Sep 30, 2026 | COHR | Coherent, Inc. | Technology | Initiates | Outperform | $350 | +0.8% | -1.5% |
| Sep 30, 2026 | CSCO | Cisco Systems, Inc. | Technology | Initiates | Mkt Perform | $110 | +0.1% | +0.6% |
| Sep 30, 2026 | CIEN | Ciena Corporation | Technology | Initiates | Outperform | $440 | +0.0% | -0.9% |
| Sep 30, 2026 | CLS | Celestica Inc. | Technology | Initiates | Outperform | $520 | +0.8% | -1.4% |
| Sep 30, 2026 | ANET | Arista Networks, Inc. | Technology | Initiates | Outperform | $250 | +0.7% | +0.4% |
| Sep 29, 2026 | ORLY | O'Reilly Automotive, Inc. | Consumer Cyclical | Initiates | Mkt Perform | $94 | -0.8% | -0.5% |
| Sep 29, 2026 | AZO | AutoZone, Inc. | Consumer Cyclical | Initiates | Outperform | $3698 | +0.1% | -1.3% |
| Sep 25, 2026 | CF | CF Industries Holdings, Inc. | Basic Materials | Initiates | Outperform | $162 | -0.5% | -3.2% |
| Sep 25, 2026 | MMM | 3M Company | Industrials | Upgrade | Underperform → Mkt Perform | $171 | +0.6% | +1.2% |
| Sep 24, 2026 | PWR | Quanta Services, Inc. | Industrials | Upgrade | Mkt Perform → Outperform | $775 | -0.7% | +1.4% |
| Sep 23, 2026 | TEL | TE Connectivity Ltd. | Technology | Initiates | Outperform | $243 | +0.3% | +0.4% |
| Sep 23, 2026 | APH | Amphenol Corporation | Technology | Initiates | Outperform | $99 | +0.7% | -0.8% |
| Sep 17, 2026 | S | SentinelOne, Inc. | Technology | Downgrade | Outperform → Mkt Perform | $25 | -1.8% | +0.1% |
| Sep 17, 2026 | PANW | Palo Alto Networks, Inc. | Technology | Downgrade | Outperform → Mkt Perform | $351 | -2.7% | -0.2% |
| Sep 17, 2026 | OKTA | Okta, Inc. | Technology | Downgrade | Outperform → Mkt Perform | $174 | -2.7% | +1.0% |
| Sep 15, 2026 | AGL | Agilon Health, Inc. | Healthcare | Upgrade | Mkt Perform → Outperform | $125 | +4.2% | -0.3% |
| Sep 11, 2026 | SHOP | Shopify Inc. | Technology | Initiates | Outperform | $160 | +3.3% | +1.7% |
| Sep 10, 2026 | XPO | XPO Logistics, Inc. | Industrials | Initiates | Outperform | $244 | +0.8% | -1.0% |
| Sep 10, 2026 | SAIA | Saia, Inc. | Industrials | Initiates | Outperform | $439 | +0.2% | -0.2% |
| Sep 10, 2026 | ODFL | Old Dominion Freight Line, Inc. | Industrials | Initiates | Mkt Perform | $200 | -0.5% | -0.8% |
| Sep 10, 2026 | KNX | Knight-Swift Transportation Holdings Inc. | Industrials | Initiates | Outperform | $91 | +0.2% | +0.3% |
| Sep 10, 2026 | FDXF | — | — | Initiates | Mkt Perform | $133 | -0.2% | -0.6% |