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Quantisnow Analyst Sentiment Index

Monthly count of Wall Street analyst upgrades, downgrades and new coverage on US-listed stocks, with the upgrade-to-downgrade ratio overall and by sector.

Last updated . Recomputed daily.

In October 2026, analysts issued 263 upgrades and 295 downgrades on stocks tracked by Quantisnow, an upgrade-to-downgrade ratio of 0.89 (September: 1.00).

Source: Quantisnow, Quantisnow Analyst Sentiment Index
0200400600800Nov 23: Upgrades 248Nov 23: Downgrades 364Dec 23: Upgrades 279Dec 23: Downgrades 332Jan 24: Upgrades 427Jan 24: Downgrades 652Jan 24Feb 24: Upgrades 248Feb 24: Downgrades 359Mar 24: Upgrades 254Mar 24: Downgrades 243Apr 24: Upgrades 297Apr 24: Downgrades 276Apr 24May 24: Upgrades 293May 24: Downgrades 285Jun 24: Upgrades 176Jun 24: Downgrades 144Jul 24: Upgrades 217Jul 24: Downgrades 363Jul 24Aug 24: Upgrades 318Aug 24: Downgrades 394Sep 24: Upgrades 222Sep 24: Downgrades 249Oct 24: Upgrades 284Oct 24: Downgrades 411Oct 24Nov 24: Upgrades 266Nov 24: Downgrades 399Dec 24: Upgrades 380Dec 24: Downgrades 371Jan 25: Upgrades 543Jan 25: Downgrades 415Jan 25Feb 25: Upgrades 292Feb 25: Downgrades 352Mar 25: Upgrades 337Mar 25: Downgrades 243Apr 25: Upgrades 377Apr 25: Downgrades 400Apr 25May 25: Upgrades 248May 25: Downgrades 329Jun 25: Upgrades 182Jun 25: Downgrades 186Jul 25: Upgrades 301Jul 25: Downgrades 400Jul 25Aug 25: Upgrades 279Aug 25: Downgrades 278Sep 25: Upgrades 249Sep 25: Downgrades 242Oct 25: Upgrades 373Oct 25: Downgrades 339Oct 25Nov 25: Upgrades 316Nov 25: Downgrades 245Dec 25: Upgrades 311Dec 25: Downgrades 282Jan 26: Upgrades 469Jan 26: Downgrades 463Jan 26Feb 26: Upgrades 290Feb 26: Downgrades 356Mar 26: Upgrades 348Mar 26: Downgrades 244Apr 26: Upgrades 321Apr 26: Downgrades 317Apr 26May 26: Upgrades 273May 26: Downgrades 285Jun 26: Upgrades 214Jun 26: Downgrades 205Jul 26: Upgrades 259Jul 26: Downgrades 345Jul 26Aug 26: Upgrades 253Aug 26: Downgrades 331Sep 26: Upgrades 206Sep 26: Downgrades 205Oct 26: Upgrades 263Oct 26: Downgrades 295Oct 26DowngradesUpgrades
Upgrades and Downgrades by month (UTC).

October 2026 at a glance

Upgrades
263
Prior month: 206
Downgrades
295
Prior month: 205
Upgrade-to-downgrade ratio
0.89
Prior month: 1.00
Coverage initiated
559
Prior month: 601
Ratings reiterated
101
Prior month: 266
All rating actions
1,218
Prior month: 1,278

Upgrades and downgrades by sector, October 2026

SectorUpgradesDowngradesRatioAll actions
Health Care29540.54259
Finance42560.75197
Consumer Discretionary57421.36180
Industrials40371.08162
Technology38570.67162
Real Estate19151.2762
Utilities761.1760
Energy7100.7059
Basic Materials851.6024
Consumer Staples4100.4018
Unclassified200.0011
Telecommunications531.679
Miscellaneous100.008
n/a300.005
Transportation100.002

Monthly history

Each month links to its own archive page with the full breakdown.

MonthUpgradesDowngradesUpgrade-to-downgrade ratioCoverage initiatedRatings reiterated
October 20262632950.89559101
September 20262062051.00601266
August 20262533310.76240179
July 20262593450.75443273
June 20262142051.04378168
May 20262732850.96349236
April 20263213171.01498271
March 20263482441.43494206
February 20262903560.81279190
January 20264694631.01434302
December 20253112821.10532181
November 20253162451.29389163
October 20253733391.10803310
September 20252492421.03474190
August 20252792781.00306225
July 20253014000.75480309
June 20251821860.98423172
May 20252483290.75240243
April 20253774000.94365216
March 20253372431.39383169
February 20252923520.8326066
January 20255434151.31348125
December 20243803711.02478233
November 20242663990.67344236
October 20242844110.69491245
September 20242222490.89469168
August 20243183940.81261197
July 20242173630.60350281
June 20241761441.22390132
May 20242932851.03284216
April 20242972761.08384229
March 20242542431.05417159
February 20242483590.69310274
January 20244276520.65439187
December 20232793320.84481159
November 20232483640.68369104
October 20233703271.13584120
September 20232281861.2350789
August 20232853780.75218195
July 20232413810.63344266
June 20232032400.8543490
May 20233192461.30250211
April 20232662401.11389388
March 20233382731.2433583
February 20232074030.51226173
January 20233706920.53330129
December 20221894010.47464156
November 20222265110.4426766
October 20222304220.55481287
September 20221902510.76508145
August 20221664730.35285117
July 20222104870.43360201
June 20222213260.68371136
May 20222803320.84223128
April 20222334210.55463179
March 20223384520.753861,408
February 20223253580.913442,690
January 20226496271.045171,886
December 20213463500.996691,440
November 20213414690.737782,446
October 20213154250.748242,093
September 20212742651.035751,074
August 20213284140.796662,249
July 20213463201.087041,898

Methodology

Every analyst rating action Quantisnow receives is stored with its brokerage, prior and new rating, and price target. Each action is classified as an upgrade, downgrade, initiation of coverage, resumption of coverage or reiteration (which includes price-target-only changes).

The upgrade-to-downgrade ratio is upgrades divided by downgrades for the month. Sector comes from the covered company's profile; companies without a sector are grouped as Unclassified.

Figures are recomputed daily from the Quantisnow event database. The current month is marked as month to date until it closes; the previous month is recomputed daily through the following month to pick up late filings, then stays fixed.

Definitions for every column are in the JSON download.

Metric definitions

Upgrades
(upgrades)
Downgrades
(downgrades)
Upgrade-to-downgrade ratio
(ratio): Upgrades divided by downgrades. Above 1.00 means more upgrades than downgrades.
Coverage initiated
(initiations)
Ratings reiterated
(reiterations)
All rating actions
(total)

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Free to reuse under CC BY 4.0 with attribution to Quantisnow and a link to this page.

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Cite this dataset (APA)

Quantisnow. (2026). Quantisnow Analyst Sentiment Index [Data set]. Retrieved November 1, 2026, from https://www.quantisnow.com/data/analyst-ratings

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<figure style="margin:0;max-width:720px"><a href="https://www.quantisnow.com/data/analyst-ratings"><img src="https://www.quantisnow.com/data/analyst-ratings.svg" alt="Quantisnow Analyst Sentiment Index chart" width="720" height="340" style="width:100%;height:auto" loading="lazy"></a><figcaption style="font:12px sans-serif;color:#5b6470">Source: <a href="https://www.quantisnow.com/data/analyst-ratings">Quantisnow Analyst Sentiment Index</a> by Quantisnow</figcaption></figure>

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