Analysts’ Forecasts: What Do We Know after Decades of Work?

55 Pages Posted: 8 Jul 2011

Date Written: June 30, 2011


Sell-side analysts have been the subject of hundreds of academic studies. In this paper, I offer perspectives on the state of our understanding of analysts based on prior academic research. Additionally, several observations are offered, which question how descriptive certain widely held beliefs are in light of the evidence. These observations on the literature serve as both criticisms and suggestions for future research.

Keywords: analyst forecasts, capital markets, suggestions for future research

JEL Classification: G17, M40, M41

Suggested Citation

Bradshaw, Mark T, Analysts’ Forecasts: What Do We Know after Decades of Work? (June 30, 2011). Available at SSRN: or

Mark T Bradshaw (Contact Author)

Boston College ( email )

140 Commonwealth Avenue
Chestnut Hill, MA 02467
United States

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