Access to high-quality trading data, reliable analysis and expert insights are crucial elements of any investment strategy and that’s where TipRanks comes in.
We’ve recently analyzed their complete offering and written our take below to help you decide if TipRanks is the right trading advisory platform for you.
*for their Basic Plan, paid plans start at $30
Fortunly Rating
Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.
- Comprehensive Data Aggregation
- Innovative Tools
- User-Friendly Design
- Affordable Pricing
- Steep Learning Curve
- Potential Over-Reliance on Data
TipRanks has emerged as a well-known and trusted platform for both novice and experienced investors. With a plethora of tools backed by the most recent tech such as NLP (natural language processing) aggregation and AI analysis, TipRanks brings the most recent events and expert insights to form diverse data points that can help its users better gauge market conditions and make the right investment calls.
By gathering information from Wall Street analysts, financial bloggers, hedge funds, individual investors and investment advisors, TipRanks presents an unparalleled level of detail in a graphical format which successfully promotes data-driven investing and well-informed decision making to its users.
We were particularly impressed by the level of detail provided by their aggregation mechanisms that provide clean overviews of financial data that reliably provide easy access to various data points throughout their online dashboards. It without a doubt makes researching stocks and markets easier since everything is well-presented and relevant.
Regardless of whether you’re an experienced or novice investor, data plays the most important role in any investment strategy, which is why we’d recommend TipRanks to everyone interested in smart investing.
Origins and Development
Founded back in 2012 by Uri Gruenbaum and Gilad Gat, TipRanks set an ambitious goal: to level the playing field for everyday investors. Judging by their long standing and positive reputation in the investing sphere, it goes without saying that they’ve more than succeeded in doing so.
The company’s foundational product, the Financial Accountability Engine, was developed in collaboration with Roni Michaely, a finance professor from Cornell University. This tool utilizes advanced machine learning and natural language processing to evaluate and rank financial analysts, bloggers and other market experts based on their track record and performance.
Since its launch, TipRanks has expanded its offerings to include comprehensive investment tools, stock analysis features, and user-friendly dashboards tailored to various investor needs.
By providing a transparent ranking system, TipRanks managed to further empower investors to make confident trading decisions backed by the advice from trading experts
Key Features of TipRanks
With the introductions covered let’s dive straight into TipRanks’ key offering and analyze the individual tools and features available to its users.
1. Research Tools for Stock Analysis
At the core of the TipRanks platform lie their stock analysis tools which aggregate a wide range of financial data to bring users stock analysis from multiple viewing points. This data is then used to display crucial information on possible stock ‘health’ with the Smart Score being a collection of eight crucial factors including:
- Wall Street analyst ratings
- Corporate insider transactions
- Financial blogger opinions
- Individual investor sentiment
- Hedge fund manager activity
- News sentiment
- Technicals
- Fundamentals
Providing useful information at a glance, this data helps users quickly identify strong investment opportunities.
TipRanks also provides a Top Stocks section where it curates a list of strong stocks in various categories such as high-dividend stocks, industry-specific picks such as electric vehicle companies, stocks through their Smart Score system and much more.
All this data is further reinforced by continually analysis and updates ensuring users remain up-to-date and ahead of trends with relevant market movements.
2. Smart Portfolio Management
Tracking and optimising holdings has drastically been simplified with TipRanks’ Smart Portfolio feature, with it users can input their portfolio or connect their brokerage accounts for seamless integration. The platform then provides a detailed overview of the user's portfolio diversification, sector spread and hints at potential areas for improvement
You can also compare portfolio performances with other TipRanks users through the My Community feature. This fosters a sense of community and shared learning, enabling investors to benchmark their strategies against peers and identify potential areas for growth.
3. Expert Recommendations and Rankings
Through their Expert Center, TipRanks provides one of their most unique and useful features to date. This feature successfully tracks and ranks a wide range of financial experts including Wall Street analysts, financial bloggers and hedge fund managers.
Each expert is ranked and evaluated based on their historical performance, success rate and average returns, giving TipRanks users unprecedented access to a wide range of successful trends and trading styles through expert public profiles. Users can follow these experts, review their recommendations and replicate their strategies.
4. Comprehensive Trends and News Analysis
Further solidifying data-backed investment through financial trends, news and analysis, TipRanks provides a centralized hub for market updates kept up-to-date from a variety of reputable sources. TipRanks categorizes news into sections like Market News, Insights & Ideas and Stock Analysis, helping its users find relevant information at a click of a button.
TipRanks users also have access to exclusive proprietary updates and insights through the TipRanks Labs which provides content and updates not readily available elsewhere.
5. Investment Calendars
TipRanks also offers an extensive list of useful investment calendars that can help you stay up-to-date and informed on upcoming investment opportunities, including:
- Earnings Calendar: Tracks upcoming earnings announcements for companies.
- IPO Calendar: Lists companies preparing to go public.
- Dividend Calendar: Highlights dividend payment schedules.
- Stock Market Holidays: Provides a schedule of market closures.
These tools help users anticipate market-moving events and plan their strategies accordingly.
TipRanks Subscription Plans and Pricing
TipRanks has three subscription tiers, each catering to different types of investors:
Basic Plan (Free):
- Limited access to research tools and stock data.
- Suitable for casual investors who need a starting point for analysis.
- A great way to evaluate TipRanks yourself.
Premium Plan:
- Priced at $29.95 per month (billed annually).
- Includes advanced tools like the Smart Portfolio, expert tracking, and detailed stock analysis.
- Ideal for intermediate investors looking to enhance their research capabilities.
Ultimate Plan:
- Priced at $49.95 per month (billed annually).
- Provides full access to all features, including priority support and data export options.
- Designed for active investors who require comprehensive insights and tools.
All paid plans offer a 30-day money-back guarantee, allowing users to try the platform risk-free.
TipRanks Performance and Reliability
Without a doubt, TipRanks has displayed a consistent performance of its Smart Score stock evaluation system. According to their marketing literature, these stocks have delivered an average annual return of 17.2% since 2016, significantly outperforming the S&P 500’s 8,4% annual return during the same period. This track record highlights the effectiveness and precisions of their data-driven stock evaluation.
Granted, past performance cannot be indicative of future results but that goes without saying for all investment avenues. Regardless, it is a very impressive evaluation model that seems to provide stable insights historically. TipRanks is also praised by its users on Trustpilot with a score of 4.4 and 81% 5 star reviews with most negative reviews resulting from user misunderstanding on administrative issues unrelated to the service itself.
TipRanks Pros and Cons
The Pros
- Comprehensive Data Aggregation: TipRanks consolidates a wealth of information, from analyst ratings to insider transactions, into a single platform.
- Innovative Tools: Features like the Smart Score and Expert Center provide unique insights not commonly found elsewhere.
- User-Friendly Design: The platform’s intuitive interface makes it accessible to investors of all experience levels.
- Affordable Pricing: The subscription plans offer excellent value for the depth of features provided.
The Cons
- Steep Learning Curve: Beginners may find the sheer volume of information overwhelming.
- Potential Over-Reliance on Data: Investors should avoid blindly following recommendations without conducting their own due diligence.
Who is TipRanks For?
As mentioned above, TipRanks is a platform suited for all levels of investors.
Beginner investors will benefit from an introduction into data-driven investment backed by financial experts.
Intermediate investors get access to advanced tools which can help them refine their strategies and consolidate their portfolio in an easy-to-manage system while potentially comparing it with like-minded investors.
Active and advanced traders get access to an unprecedented level of data in one simple place allowing them to handle even more complex portfolios without spending too much time on gathering market data manually
Bottom Line
In conclusion, TipRanks is a standout investment research platform that can drastically improve the precision of trades and portfolio management for its users by continually aggregating important market data and providing unprecedented access to expert insights from every industry and market.
Its combination of transparency, innovative tools, and user-friendly features makes it an invaluable resource for investors seeking to navigate the complexities of the stock market.
While beginners may face a learning curve, the platform’s benefits far outweigh its drawbacks. By leveraging TipRanks, investors can gain the insights they need to make smarter, more confident decisions.
As their basic plan is completely free, with the other plans offering 30-day money-back guarantees, we wholeheartedly recommend TipRanks to all levels of investor. Investing should be available to everyone and that too goes for the important market analysis required to make sound trades. The type of market analysis TipRanks provides.