Editor's note: TipRanks is a tech company that ranks analysts and financial bloggers based on their picks' performance. This piece highlights analysts with great track records who are not necessarily from the biggest firms.
The technology sector had a tumultuous start to 2016 as investors began to panic that household-name technology giants were overvalued. However, there were Wall Street analysts with the foresight to make shrewd and profitable calls during the volatility.
TipRanks measured the top 10 technology analysts after the first half of the year, highlighting the experts who were able to outperform the market.
We used a natural language processing algorithm to rank analysts based on the following factors:
- Success Rate: the ratio of an analyst's buy/sell recommendations that generated positive returns in the following year.
- Average Return: the annual average return generated by an analyst's buy/sell recommendations in the following year.
- Statistical Significance: The more ratings an analyst has provided, the more statistically significant the results are, therefore allowing the analyst to be ranked very high or very low.
Here are the 10 best-performing technology analysts to follow.