Statistically rare; often carries "scarcity value" and can have a larger market impact. Summary of Performance Findings
: Analyzes the distribution of ratings and whether they can predict profitability. stock buy sell ratings
Research highlights that the "meaning" of a rating often depends on how rare it is within an analyst's total portfolio: Rating Type General Interpretation Frequency Context Analyst believes the stock will outperform its sector. Very common; may be "plentiful" and thus less impactful. Hold Stock is worth keeping but not adding more capital to. Statistically rare; often carries "scarcity value" and can
Here are several full research papers and detailed studies focusing on the effectiveness, distribution, and performance of stock "buy," "hold," and "sell" ratings. Key Research Papers on Stock Ratings and performance of stock "buy