What is an analyst downgrade?

A downgrade is a sell-side analyst lowering their rating on a stock, for example from Buy to Hold or from Outperform to Underperform. Downgrades are rarer than upgrades, which is why many traders weigh them more heavily.

Why do analysts downgrade stocks?

Common reasons are valuation after a strong run, slowing growth, a guidance cut, competitive pressure, or a change in the analyst's macro view. The research note usually spells out which one, and the headline typically names the firm and the new rating.

Top lists · Analyst moves

Analyst downgrades, April 2026

Quantisnow recorded 317 analyst downgrades in April 2026 across 253 companies. REPL (Replimune Group Inc.) had the most, with 7, followed by NKE (5) and DOO (4). The busiest day was Apr 20, 2026, with 25.

Sell-side rating cuts, newest first, with the firm and the new rating.

Events: 317
Companies: 253
Busiest day: Apr 20; 25 that day
Most frequent: REPL; 7 events

Mar 2026 May 2026

Most frequent tickers

Newest firsttop 100 of 317

Year in review

Monthly archive

By sector (last 90 days)

Questions

How many analyst downgrades were there in April 2026?: Quantisnow recorded 317 analyst downgrades in April 2026 across 253 companies. REPL (Replimune Group Inc.) had the most, with 7, followed by NKE (5) and DOO (4). The busiest day was Apr 20, 2026, with 25.
What is an analyst downgrade?: A downgrade is a sell-side analyst lowering their rating on a stock, for example from Buy to Hold or from Outperform to Underperform. Downgrades are rarer than upgrades, which is why many traders weigh them more heavily.
Why do analysts downgrade stocks?: Common reasons are valuation after a strong run, slowing growth, a guidance cut, competitive pressure, or a change in the analyst's macro view. The research note usually spells out which one, and the headline typically names the firm and the new rating.