Tipranks Review
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Research Tools
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Screeners
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Value
Summary
Tipranks is a research platform that takes tips from over 14,000 experts and ranks them. Tipranks collects, appraises, and ranks these recommendations for its users. So, do you think Tipranks ratings could change your trading? Read to learn all you need to know.
Pros
- Solid trading and investment opportunities and ideas available daily
- Robust performance data on experts and their track records compared to peers
- Keeps analysts and bloggers accountable for their work
- Smart Score is an easy-to-use rating that takes the legwork out of research
- Newsfeed segments news into Bullish News and Bearish News for your holdings
- Excellent fundamental and quantitative data analysis
- Ideally suited for fundamentals-based traders and investors
Cons
- Very few technical analysis tools
- Memberships are on an annual prepaid basis, not monthly
Review Navigation
Introduction To Tipranks
Tipranks is a research platform that collects, appraises and ranks the stock recommendations of financial analysts, bloggers and gurus based on accuracy and performance. The site is aptly named to describe its function in a nutshell, ranking (stock) tips from over 14,000 experts. Users can use the data to perform their own analysis on stocks and portfolios while generating tradeable investment ideas. I like how the service tests the mettle of the experts to derive who are the best-of-the-best worth following.
Tipranks Pricing Options
Tipranks has three types of memberships:
The Basic membership is free with registration and enables access to view stocks with increases in analyst activity, finding the best 25 experts, measured performance for any of the experts in the database, Smart Score rating and analyst targets for any stock, stock screener and earnings calendars.
The Premium membership is charged at $359-per year and comes with a 30-day money back guarantee. Although the cost breaks down to $29.95-per month, users are charged the full yearly rate upfront. This plan is recommended for individual investors and enables additional access to see trending stocks by sector and different time periods, access to Analyst Top Stocks, finding best analysts by sector and follow up to five experts with real-time email notifications.
The Ultimate membership is charged at $599-per year which breaks down to $49.95-per month. This plan is recommended for institutional investors and professionals and include all features of Research Tools, Top Stocks, Most Popular, Expert Performance and Smart Portfolios. Insider Hot Stocks lets subscribers follow stock with notable insider trading. Multiple portfolio management and ability to follow unlimited number of the best experts with real-time email notifications. Access to rankings of the leading research firms and many more comparison metrics for top experts are some of the exclusive features of the Ultimate Membership plan.
Tipranks Notable Features
Tipranks has a ton of features, these are some of the most useful. Access to the features depends on the type of membership users are subscribed to.
Smart Scores
To help users make sense from all the data, Tipranks takes all the research for any stock and devises a Smart Score to rate the stock. Users can reference a stock’s Smart Score as a foothold prior to making the effort to delve deeper into their research. The Smart Score can also be used as a screening filter and access the Smart Score Stocks list to find top trading and investing candidates.
Smart Portfolios
Users can construct portfolios like watch lists with stocks and Tipranks will not only track them but also notify and alert users of new ratings changes. The Newsfeed will pull all the news for your holdings and takes the extra unique step of segmenting them into Bullish and Bearish news, which is unique to Tipranks. This feature is very convenient when looking for long/short ideas and one I’ve yet to find on other platforms. While this can’t replace a standalone news platform like Benzinga Pro, it’s a great feature for staying on top of headlines that affect your core portfolios.
Top Stocks
This feature lets you find the top Strong Buy rated stocks. Depending on the timing of the ratings and price gap, traders can play both sides intraday long/short while investors may consider taking a position for the longer-term investment. I like heading straight to these stocks for momentum and follow-through, especially when they are recommended by the best-of-breed experts. It’s similar to the alerts and portfolio sections on Motley Fool’s Stock Advisor dashboard and Action Alerts Plus.
Screener
Tipranks lets users scan for stocks using various filters including consensus ratings, Smart Score, price targets and market capitalization. The screener a unique as a sentiment scanner that primarily focuses on overall sentiment and the material effects on the underlying stock price action. This is much different than a typical price or pattern-based scanner that most traders are accustomed to.
Top 25 Experts
Users can search through the Top 25 Experts from analysts, bloggers to fund managers and Wall Street research firms. The goal here is to look for stock ideas based on the merits of the top experts recommending them. It’s another unique approach to finding opportunities through a backdoor/reverse engineered approach.
Is Tipranks Right For You?
Tipranks appeals to traders of all styles. The information is applicable for intra-day, short-term and long-term purposes. The real-time ratings feed lets intraday traders react on the immediate impact on price action from analyst upgrades and downgrades. Swing traders and long-term investors can benefit from the lasting follow-through effect of the top performing expert recommendations centered around compelling fundamental research. There is no technical analysis tools, so it’s best suited for users with a preference for fundamentals and quantitative metrics based information.
Is Tipranks a Good Value?
The service is a great value when considering the numerous ideas generated by the platform daily. The annual membership can be paid for with just a few trading or investment ideas. It’s always a good idea to start with the Basic free membership to kick the tires and then considering an upgrade to the Premium or Ultimate plan. Both come with a 30-day money back guarantee. There are no monthly memberships despite the site showing how much the monthly costs would be. This can be a bit confusing if not irritating.
TipRanks is a concentrated and reliable source for in-depth news on stocks and current marketplace occurrences.
I bought the Ultimate member from Tip Ranks because I thought the CEO URI Gruenbaum had a good company. I could not have been more wrong because it seems Uri Gruenbaum runs a totally incompetent company. I bought the ultimate package and then they tried to sell you a bunch or extra stuff. I assumed the Ultimate meant I was buying a total package. I was wrong and feel like a fool for joining Tipranks and trusting Uri Gruenbaum. They also send every email assuming you never joined and encouraging you to join the premium even though your an ultimate member. Also all the data your paying for is available thru other free sites like Marketbeat. Tipranks is nothing more than a gimmick and all the info your paying for can be found for free online in minutes.
@John Halloran, Thanks for your comments. I hope you’re able to cancel and get a refund on the unused portion.
Don’t sign up. STAY AWAY!!!!
They charge you for the whole year and when you ask to terminate your membership and refund the unused months, no response!
Tony, this is simply not true. They have a 30 day money-back guarantee. If you contact them to cancel within 30 days they do give a refund. They provide a great service for investors.
Huge fan of the “Top Expert” feature, ended up giving me some profitable stocks to trade the last few months. Appreciated that it helped me avoid some of bad “Experts” with poor track records.
Agree with Tony. TipRanks is not worth it. Most of the time this site doesn’t sync well. Insider trading is a joke. You can get this information on free platforms on other sites. Customer service is horrible. Never call back. Wanted to cancel no response.
Have used them for a few months now. I like the a lot of the interfaces and reports. There are a few reports that don’t include the smart score which I found very annoying to have to switch back and forth on two different browsers. I also found it to be very buggy as far as syncing up with your brokder account (in my case ETrade). The ‘Update” feature has never function properly. The only way I can get it to sync is to delete and re-add my portfolio and on a few occasions that has not worked. After a day or two it seems to fix itself. Their answer is to just clear you cache which is not acceptable when I have a ton of other things stored in cache I don’t want to have to re-enter constantly. The one other thing I have question on is the “Smart Score”. I realize it’s proprietary but I would like to see some reporting on this value changing for my holdings and or something I’m researching and at least a sentence on why it changed. The main reason I say this is if I’m going to put value on this score then I want to know I can trust it. Years ago I belonged to Value Line…they had a ranking system of 1 thru 5. I know TipRanks is all automated however when Value Line changed a ranking it was a big deal and you knew why and could make an informed decision. With TipRanks however I got one of their notes like 3 weeks back on the hot possibilities of a certain stock XCUR…Smart Score 10 all this positive news…so I got some. The next week smart score dropped to 9, then immediately 8 and now it is sitting at a 7 (Neutral). It went from a “Strong Buy” to a “Moderate Buy”. So within a VERY short period this top rated stock dropped from (10) Best! to a (7)Neutral. I realize this can happen but the rapid speed it descended along with no information to understand why really made me question the value of “Smart Score”.
All in all so far I think it is a good service. I will need more time to tell.
Don’t waste your money on Tipranks. Everything you get there you can get free on Yahoo Finance. They make you pay for a whole year in advance because they know you will soon figure out that their system is not worth it.
They made changes to their system and now it is even less useful to me. I asked to be refunded for the unused portion of the year (6 months) and they won’t do it.
Also if you do options trading, you can’t use their system.
I have found the “Ultimate’ subscription to be quite useful, perhaps because I don’t treat it as a magical black box and actually use the compilations it provides as clues for further research. I definitely see it as a major time saver, because I can run through its various screens in minutes and get a good sense for what is going on. I used the free service for three months, then the Premium for 2 months before finally choosing to use the Ultimate subscription, and have found it to be well worth the money. Again, don’t complain about what it can’t do, and appreciate it for being accurate and a huge timesaver. I am a “qualified investor”, and have graduate degrees in both Finance and Statistics.