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 | 56.3% | 16 | 54.5% | 22 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Aug 20, 2026 | ADI | Analog Devices, Inc. | Technology | Upgrade | Mkt Perform → Outperform | $465 | — | — |
| Aug 14, 2026 | W | Wayfair Inc. | Consumer Cyclical | Upgrade | Mkt Perform → Outperform | $125 | +3.5% | +0.5% |
| Aug 11, 2026 | PDFS | PDF Solutions, Inc. | Technology | Initiates | Outperform | $65 | +5.4% | +3.2% |
| Aug 10, 2026 | CSQR | — | — | Initiates | Outperform | $27 | +0.5% | +0.4% |
| Aug 7, 2026 | STLA | Stellantis N.V. | Consumer Cyclical | Downgrade | Mkt Perform → Underperform | — | -1.6% | -0.5% |
| Aug 7, 2026 | CELH | Celsius Holdings, Inc. | Consumer Defensive | Downgrade | Outperform → Mkt Perform | $26 | +0.8% | +16.8% |
| Aug 6, 2026 | ZG | Zillow Group, Inc. Class A | Communication Services | Downgrade | Outperform → Mkt Perform | $38 | -15.6% | -8.5% |
| Aug 5, 2026 | ELF | e.l.f. Beauty, Inc. | Consumer Defensive | Upgrade | Mkt Perform → Outperform | $113 | +1.1% | -1.7% |
| Aug 3, 2026 | WING | Wingstop Inc. | Consumer Cyclical | Downgrade | Outperform → Mkt Perform | $155 | +0.1% | +0.7% |
| Jul 31, 2026 | AMZN | Amazon.com, Inc. | Consumer Cyclical | Reiterates | Outperform | $320 | +12.5% | +15.3% |
| Jul 29, 2026 | NKE | NIKE, Inc. | Consumer Cyclical | Reiterates | Outperform | $68 | -1.0% | +0.4% |
| Jul 27, 2026 | BSP | — | — | Initiates | Outperform | $40 | +2.7% | -2.3% |
| Jul 22, 2026 | AFRM | Affirm Holdings, Inc. | Technology | Initiates | Outperform | $100 | +0.2% | -1.1% |
| Jul 21, 2026 | FIVE | Five Below, Inc. | Consumer Cyclical | Upgrade | Mkt Perform → Outperform | $250 | +1.4% | -0.2% |
| Jul 16, 2026 | FMS | Fresenius Medical Care AG & Co. KGaA | Healthcare | Initiates | Mkt Perform | — | +0.3% | +0.1% |
| Jul 10, 2026 | JBHT | J.B. Hunt Transport Services, Inc. | Industrials | Upgrade | Mkt Perform → Outperform | $329 | +1.8% | -0.9% |
| Jul 8, 2026 | NFLX | Netflix, Inc. | Communication Services | Reiterates | Outperform | $100 | +0.1% | -0.8% |
| Jul 7, 2026 | SPCX | Space Exploration Technologies Corp. | Industrials | Initiates | Outperform | $239 | -0.9% | -6.8% |
| Jul 6, 2026 | DDOG | Datadog, Inc. | Technology | Downgrade | Outperform → Mkt Perform | $226 | -4.1% | -1.9% |
| Jul 1, 2026 | PEP | PepsiCo, Inc. | Consumer Defensive | Reiterates | Mkt Perform | $142 | +1.3% | +4.3% |
| Jun 29, 2026 | QNT | — | — | Initiates | Outperform | $94 | +5.2% | -3.6% |
| Jun 26, 2026 | WAT | Waters Corporation | Healthcare | Reiterates | Outperform | $435 | +0.3% | -0.7% |
| Jun 26, 2026 | TMO | Thermo Fisher Scientific Inc. | Healthcare | Reiterates | Mkt Perform | $520 | +0.8% | +1.4% |
| Jun 26, 2026 | RVTY | Revvity, Inc. | Healthcare | Reiterates | Mkt Perform | $115 | -1.0% | -0.4% |
| Jun 26, 2026 | NTRA | Natera, Inc. | Healthcare | Reiterates | Outperform | $310 | +0.6% | +0.4% |