TipRanks and Seeking Alpha

 

About TipRanks and Seeking Alpha

TipRanks was launched in 2012 as a tool for helping investors track the predictions of Wall Street investment managers. The platform collects price targets on thousands of stocks from hundreds of analysts. It also tracks analysts’ performance over time, enabling you to gauge how likely a price target is to be accurate. TipRanks now has more than 4 million monthly users.

Seeking Alpha was founded in 2004 by former Morgan Stanley analyst David Jackson. The platform leans on contributors, many of whom are fund managers and professional analysts, to offer deep insight into individual stocks. Seeking Alpha is widely read by professional traders as well as lay investors. More than 20 million people use Seeking Alpha each month.

Similarities between TipRanks and Seeking Alpha

TipRanks and Seeking Alpha both lean on Wall Street analysts and other experts to help you analyze stocks. However, the type of analysis they use is very different. TipRanks looks primarily at analyst price targets, whereas Seeking Alpha gives analysts the freedom to discuss any type of fundamental analysis they feel is important.

One area where the two platforms have a lot in common is in their individual stock pages. For any stock, you can find basic financial details, news headlines, and ratings. TipRanks rates stocks on a 1-10 scale, whereas Seeking Alpha ranks stocks against competitors within their industry.

TipRanks vs. Seeking Alpha: Stock Analysis

TipRanks and Seeking Alpha go about analyzing stocks in completely different ways.

At TipRanks, the main information given about a stock is what price targets analysts are currently projecting for it. While you can find this information on other sites, TipRanks is unique in that it tracks the performance of individual analysts over time. So, you can filter price targets to look at only those issued by top-performing analysts.