Nomura
Upgrade grade
C
Downgrade grade
C
Nomura Holdings was founded in 1925 as a Japanese securities firm and has grown into one of the world's largest investment banks and brokerage houses, with a particularly strong presence across Asian markets and global institutional finance. As a mega-cap institution with tens of thousands of employees worldwide, Nomura commands significant influence in equity research and maintains one of the most comprehensive coverage universes across US equities with approximately 2,126 analyst ratings in our database. The firm is especially renowned for its deep expertise in technology, financials, and industrials sectors, leveraging its dual strength in both Japanese market knowledge and Western capital markets sophistication. Nomura has built a distinctive research culture around pioneering quantitative and thematic analysis, often publishing forward-looking sector research that influences institutional investor positioning, and the firm is known for maintaining relatively independent research views despite its massive corporate scale.
Upgrades
199
71.86% win rate
· avg +1.95% D1
Downgrades
179
74.3% win rate
· avg -1.97% D1
Avg Gap — Upgrades
+1.59%
open vs prev close
Avg Gap — Downgrades
-1.48%
open vs prev close
Performance by Sector
| Sector | ↑ Win% | ↑ D1 | ↓ Win% | ↓ D1 |
|---|---|---|---|---|
| Technology | 78.43% (51) | +2.97% | 79.55% (44) | -2.30% |
| Consumer Cyclical | 60.00% (35) | +2.05% | 81.08% (37) | -1.95% |
| Financial Services | 62.86% (35) | +0.85% | 69.23% (26) | -1.82% |
| Basic Materials | 68.42% (19) | +1.21% | 77.78% (18) | -2.28% |
| Consumer Defensive | 66.67% (12) | +0.34% | 66.67% (15) | -0.59% |
| Communication Services | 93.33% (15) | +2.88% | 60.00% (10) | -4.84% |
| Industrials | — | — | 69.23% (13) | -0.93% |
| Energy | 90.00% (10) | +2.01% | — | — |
| Real Estate | 70.00% (10) | +2.69% | — | — |
Win Rate by Year
| Year | ↑ Win% | ↑ Calls | ↓ Win% | ↓ Calls |
|---|---|---|---|---|
| 2020 | 55.0% | 20 | — | — |
| 2019 | 72.7% | 22 | 58.6% | 29 |
| 2018 | 57.1% | 14 | 94.1% | 17 |
| 2017 | 90.0% | 20 | 75.0% | 20 |
| 2016 | 66.7% | 27 | 75.0% | 36 |
| 2015 | 78.1% | 32 | 81.8% | 22 |
| 2014 | 76.5% | 17 | 76.5% | 17 |
| 2013 | 76.7% | 30 | 71.4% | 21 |
| 2012 | 70.0% | 10 | — | — |
Recent Calls
| Date | Ticker | Company | Sector | Action | Grade Change | PT | Gap | D1 |
|---|---|---|---|---|---|---|---|---|
| Mar 20, 2025 | PDD | PDD Holdings Inc. | Consumer Cyclical | Downgrade | Buy → Neutral | — | -2.6% | +4.0% |
| Nov 22, 2024 | KC | Kingsoft Cloud Holdings Limited | Technology | Upgrade | Neutral → Buy | — | +6.9% | +24.7% |
| Aug 23, 2024 | LYFT | Lyft, Inc. | Technology | Upgrade | Reduce → Neutral | — | +0.6% | +1.8% |
| Aug 22, 2024 | BILI | Bilibili Inc. | Technology | Upgrade | Neutral → Buy | — | +5.5% | -7.6% |
| Aug 5, 2024 | GM | General Motors Company | Consumer Cyclical | Downgrade | Neutral → Reduce | — | -4.3% | -3.0% |
| Jul 31, 2024 | STLA | Stellantis N.V. | Consumer Cyclical | Upgrade | Neutral → Buy | — | -0.8% | -0.4% |
| Jul 10, 2024 | SMCI | Super Micro Computer, Inc. | Technology | Downgrade | Buy → Neutral | — | -0.8% | +0.5% |
| Mar 13, 2024 | STLA | Stellantis N.V. | Consumer Cyclical | Downgrade | Buy → Neutral | — | -1.3% | -1.5% |
| Feb 5, 2024 | SKM | SK Telecom Co.,Ltd | Communication Services | Downgrade | Neutral → Reduce | — | +0.4% | +0.4% |
| Dec 29, 2023 | LYFT | Lyft, Inc. | Technology | Downgrade | Neutral → Reduce | — | -4.1% | -3.5% |
| Dec 29, 2023 | UBER | Uber Technologies, Inc. | Technology | Downgrade | Buy → Neutral | — | -1.2% | -2.5% |
| May 10, 2021 | GOTU | Gaotu Techedu Inc. | Consumer Defensive | Upgrade | Reduce → Neutral | — | +0.7% | -3.9% |
| Apr 23, 2021 | TAL | TAL Education Group | Consumer Defensive | Downgrade | Buy → Neutral | — | +0.6% | -0.9% |
| Apr 20, 2021 | LYFT | Lyft, Inc. | Technology | Maintains | Neutral → Neutral | — | -0.2% | -1.7% |
| Apr 20, 2021 | UBER | Uber Technologies, Inc. | Technology | Maintains | Buy → Buy | — | +0.3% | -4.1% |
| Mar 17, 2021 | NOAH | Noah Holdings Limited | Financial Services | Upgrade | Neutral → Buy | — | +3.0% | +3.4% |
| Jan 12, 2021 | GM | General Motors Company | Consumer Cyclical | Upgrade | Neutral → Buy | — | +2.9% | +6.2% |
| Nov 25, 2020 | BV | BrightView Holdings, Inc. | Industrials | Maintains | Buy → Buy | — | +0.2% | -2.3% |
| Nov 25, 2020 | NBR | Nabors Industries Ltd. | Energy | Upgrade | Neutral → Buy | — | -3.7% | +2.2% |
| Nov 25, 2020 | NBR | Nabors Industries Ltd. | Energy | Maintains | Buy → Buy | — | -3.7% | +2.2% |
| Nov 25, 2020 | IAC | IAC InterActive Corp. | Technology | Maintains | Buy → Buy | — | +0.6% | +1.8% |
| Nov 25, 2020 | CZR | Caesars Entertainment, Inc. | Consumer Cyclical | Downgrade | Buy → Neutral | — | -4.1% | -1.0% |
| Nov 25, 2020 | MTCH | Match Group, Inc. | Communication Services | Upgrade | Neutral → Buy | — | +0.5% | +0.2% |
| Nov 25, 2020 | MTCH | Match Group, Inc. | Communication Services | Downgrade | Buy → Neutral | — | +0.5% | +0.2% |
| Nov 25, 2020 | MTCH | Match Group, Inc. | Communication Services | Maintains | Neutral → Neutral | — | +0.5% | +0.2% |