Navigating the flood of financial news can feel like searching for treasure without a map. If only there were a tool that consolidates analyst sentiments to provide a clear market outlook would be invaluable for cutting through this clutter.
The good news is there is such a platform, TipRanks. It’s a platform dedicated to assembling ratings from prominent analysts, offering a unified view on various stocks. Beyond compiling analyst perspectives, TipRanks also tracks insider trading activities, presenting a comprehensive picture of market attitudes toward specific equities or sectors.
I know all of this sounds good, but the burning question remains: is TipRanks premium subscription worth it? Dive into my review to discover the value of this service.
TipRanks Origin Story
Before I get into whether the TipRanks premium subscription is worth it, you should know some background information. TipRanks was established in 2012 by Uri Gruenbaum and Gilad Gat, with contributions from Roni Michaely, a finance professor at Cornell University. This Tel Aviv-based fintech company introduced its pioneering service, the Financial Accountability Engine, in 2013.
This engine leverages machine learning and natural language processing to analyze vast amounts of data from analyst ratings, SEC filings, and financial news sources. The goal is to assess and rank the performance of various financial experts, including investors, bloggers, and fund managers, thereby making it simpler for TipRanks users to determine which experts provide valuable insights and which might not be as reliable.
What Benefits Does TipRanks Offer?
Before you can determine if TipRanks is worth it, you should fully understand all of the benefits it can offer. Here are what users can expect from TipRanks:
- Stock Screener: Allows filtering based on criteria like analyst consensus and market sentiment, aiding in identifying potential investment opportunities.
- Smart Scores: Rates stocks using eight critical metrics to help forecast performance and market standing.
- Analyst Ratings: Gives access to opinions from over 5,550 analysts, aiding in identifying credible stock recommendations.
- Top Experts: Rates investment strategies from different sectors, providing insight into the most successful approaches based on historical performance.
- Stock Alerts: Sends timely updates on stocks within your watchlist, keeping you informed on the latest market changes and analyst views.
- Charting Tools: Incorporates advanced analytics for detailed stock performance review and market trend analysis.
- Insider Trading: Reveals buying and selling activities of company insiders, providing hints about the stock’s future direction.
- News Sentiment: Aggregates and analyzes the tone of current financial news, offering insights into market sentiment.
- Website Traffic: Analyzes changes in website visits and correlates them with stock performance to identify trends.
- Calendars: Features essential financial events and timelines, aiding investors in strategic planning and market anticipation.
- Dividend Calculator: Helps project dividend returns, supporting strategies for long-term income.
- Smart Portfolio: Analyzes and compares your investment performance against market benchmarks and offers improvement suggestions.
Is TipRanks Premium Subscription Worth It?
In order to assess if TipRanks premium subscription is worth it, you have to understand all of their subscription tiers to determine which is right for you. TipRanks offers three tiers of membership: Basic, Premium, and Ultimate, let me breakdown the different tiers for you:
TipRanks Basic Plan: This is a no-cost option offering limited access to TipRanks features, suitable for those new to the service. Users can receive email alerts for up to five stocks, providing a taste of what TipRanks has to offer. However, the support provided is minimal, and access to advanced tools is restricted. While the Basic plan is a good starting point, it lacks the comprehensive features serious investors may require.
TipRanks Premium Plan: Priced at $29.95 per month when billed annually ($359 total), the Premium plan is the most popular choice among users. It offers a significant upgrade over the Basic plan, providing advanced access to features and full use of TipRanks’ research tools. Subscribers can receive alerts for up to 30 stocks and follow up to five experts, with the added ability to export data in PDF format. Enhanced customer support ensures a smoother user experience. The Premium plan is acclaimed for its balance of price and functionality, making it an excellent choice for most users seeking in-depth market analysis and investment ideas.
TipRanks Ultimate Plan: For those requiring even more from TipRanks, the Ultimate plan, at $49.95 per month (billed annually at $599), provides all-encompassing access to the platform’s tools. This includes unlimited stock alerts, the highest level of customer support, and data exportable in both PDF and CSV formats. While the Ultimate plan offers extensive features, its higher price tag is generally more suited to institutional investors or those needing a vast amount of alerts and data.
In conclusion, while the Basic plan serves as a functional introduction to TipRanks, the Premium membership stands out as the most valuable option for most individual investors. It strikes an ideal balance between cost and features, providing substantial value without the steep price of the Ultimate plan.
For those serious about their investment research, the TipRanks Premium subscription is worth it, offering a comprehensive set of tools to enhance investment strategies and decision-making.
Click Here to explore TipRanks and decide which plan is right for you.