Is Bernstein a reliable analyst?

In short — Over 1 year, 63.6% of Bernstein's targets proved profitable, for an average gain of +17.7% per call (all calls, winners and losers) — i.e. +3.7% vs its sector, across 555 timestamped calls replayed against real prices. JPI verdict: fairly reliable. An analyst can be good in one sector and poor in another — details below.

63.6%profitable calls

+17.7%avg gain / call

+3.7%vs sector

555scored calls

In which sectors is Bernstein reliable?

Sector

Calls

% profitable

Avg gain 2015+

Avg gain 2020+

Last 12 months

▸ Tech

123

66.7%

+39.5%

+49.8%

+26.0% (48)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
LITE	▲ Outperform	Sep 30, 26	Sep 30, 27	$971.26	🎯$1220	$987.99	+26%	+2% so far
COHR	▲ Outperform	Sep 30, 26	Sep 30, 27	$287.81	🎯$350	$289.98	+22%	+1% so far
CIEN	▲ Outperform	Sep 30, 26	Sep 30, 27	$351.82	🎯$440	$400.4	+25%	+14% so far
ANET	▲ Outperform	Sep 30, 26	Sep 30, 27	$203.59	🎯$250	$204.52	+23%	+0% so far
TEL	▲ Outperform	Sep 23, 26	Sep 23, 27	$214.39	🎯$243	$215.92	+13%	+1% so far
APH	▲ Outperform	Sep 23, 26	Sep 23, 27	$82.19	🎯$99	$85.89	+20%	+5% so far
DELL	▲ Outperform	Sep 2, 26	Sep 2, 27	$492.2	🎯$650	$572.47	+32%	+16% so far
WDAY	▲ Outperform	Aug 28, 26	Aug 28, 27	$197.45	🎯$238	$186.02	+21%	-6% so far

Sample (0 recent finished + 8 in progress) of 123 calls.

▸ Finance

61.1%

+15.2%

+36.3%

+24.0% (4)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
HOOD	▲ Outperform	Sep 9, 26	Sep 9, 27	$115.28	🎯$160	$110.52	+39%	-4% so far
HOOD	▲ Outperform	Jul 20, 26	Jul 20, 27	$106.36	🎯$160	$110.52	+50%	+4% so far
HOOD	▲ Outperform	Apr 14, 26	Apr 14, 27	$87.32	🎯$130	$110.52	+49%	+27% so far
HOOD	▲ Outperform	Mar 30, 26	Mar 30, 27	$65.16	🎯$130	$110.52	+100%	+70% so far
XYZ	▲ Outperform	Jul 22, 25	Jul 22, 26	$79.7	🎯$90	$76.51	+13%	-4%
HOOD	▲ Outperform	Feb 13, 25	Feb 13, 26	$65.28	🎯$105	$75.72	+61%	+15.6%
XYZ	▲ Outperform	Dec 2, 24	Dec 2, 25	$92.78	🎯$120	$60.31	+29%	-35.2%
HOOD	▲ Outperform	Nov 20, 24	Nov 20, 25	$35.09	🎯$51	$107.38	+45%	+205.8%

Sample (4 recent finished + 4 in progress) of 36 calls.

▸ Comm.

61.5%

+24.8%

+25.2%

-5.2% (10)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
TKO	▲ Outperform	Sep 16, 26	Sep 16, 27	$192.43	🎯$240	$173.86	+25%	-10% so far
LYV	▲ Outperform	Jul 31, 26	Jul 31, 27	$181.69	🎯$215	$171.32	+18%	-6% so far
TKO	▲ Outperform	Jul 28, 26	Jul 28, 27	$187.35	🎯$235	$173.86	+25%	-7% so far
NFLX	▲ Outperform	Jul 17, 26	Jul 17, 27	$68.95	🎯$95	$70.46	+38%	+2% so far
NFLX	▲ Outperform	Jul 8, 26	Jul 8, 27	$75.47	🎯$100	$70.46	+33%	-7% so far
META	▲ Outperform	Apr 30, 26	Apr 30, 27	$608.75	🎯$850	$762.5	+40%	+25% so far
TKO	▲ Outperform	Apr 27, 26	Apr 27, 27	$186.2	🎯$240	$173.86	+29%	-7% so far
TKO	▲ Outperform	Feb 19, 26	Feb 19, 27	$211.12	🎯$250	$173.86	+18%	-18% so far

Sample (0 recent finished + 8 in progress) of 52 calls.

▸ Materials

75%

+12.5%

+19.8%

-3.3% (8)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
CF	▲ Outperform	Sep 25, 26	Sep 25, 27	$114.67	🎯$162	$117.25	+41%	+2% so far
NEM	▲ Outperform	Sep 9, 26	Sep 9, 27	$126.14	🎯$144	$115.59	+14%	-8% so far
LIN	▲ Outperform	Aug 3, 26	Aug 3, 27	$484.64	🎯$564	$492.11	+16%	+2% so far
APD	▲ Outperform	Jul 17, 26	Jul 17, 27	$296.63	🎯$345	$288.96	+16%	-3% so far
LIN	▲ Outperform	Jul 17, 26	Jul 17, 27	$512.05	🎯$599	$492.11	+17%	-4% so far
APD	▲ Outperform	Jul 1, 26	Jul 1, 27	$314.19	🎯$344	$288.96	+9%	-8% so far
NEM	▲ Market Outperform	Feb 27, 26	Feb 27, 27	$130	🎯$157	$115.59	+21%	-11% so far
APD	▲ Outperform	Feb 2, 26	Feb 2, 27	$277.96	🎯$315	$288.96	+13%	+4% so far

▸ Energy

63.6%

+15.6%

+16.8%

+14.5% (10)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
EXE	▲ Outperform	Oct 5, 26	Oct 5, 27	$88.23	🎯$127	$92.37	+44%	+5% so far
SLB	▲ Outperform	May 11, 26	May 11, 27	$55.64	🎯$71	$48.77	+28%	-12% so far
XOM	▲ Outperform	May 11, 26	May 11, 27	$150.63	🎯$182	$174.08	+21%	+16% so far
SLB	▲ Outperform	Mar 12, 26	Mar 12, 27	$44.72	🎯$56.1	$48.77	+25%	+9% so far
COP	▲ Outperform	Jan 5, 26	Jan 5, 27	$99.2	🎯$98	$140.9	-1%	+42% so far
DVN	▲ Outperform	Jan 5, 26	Jan 5, 27	$36.55	🎯$42	$50.21	+15%	+37% so far
XOM	▲ Outperform	Jan 5, 26	Jan 5, 27	$125.36	🎯$137	$174.08	+9%	+39% so far
EXE	▲ Outperform	Jan 5, 26	Jan 5, 27	$106.82	🎯$144	$92.37	+35%	-14% so far

Sample (0 recent finished + 8 in progress) of 33 calls.

▸ Industry

71.2%

+11.8%

+12.4%

-5.8% (37)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
BA	▲ Outperform	Oct 12, 26	Oct 12, 27	$186.49	🎯$278	$186.49	+49%	+0% so far
DAL	▲ Outperform	Oct 7, 26	Oct 7, 27	$82.97	🎯$100	$79.57	+21%	-4% so far
PWR	▲ Outperform	Sep 24, 26	Sep 24, 27	$643.5	🎯$775	$688.88	+20%	+7% so far
LHX	▲ Outperform	Sep 23, 26	Sep 23, 27	$239.21	🎯$346	$234.72	+45%	-2% so far
GEV	▲ Outperform	Sep 15, 26	Sep 15, 27	$882.81	🎯$1298	$1004.04	+47%	+14% so far
HWM	▲ Outperform	Aug 24, 26	Aug 24, 27	$264.04	🎯$328	$216.84	+24%	-18% so far
PH	▲ Outperform	Aug 14, 26	Aug 14, 27	$1053.76	🎯$1218	$953.44	+16%	-10% so far
EMR	▲ Outperform	Aug 14, 26	Aug 14, 27	$162.05	🎯$186	$163.5	+15%	+1% so far

Sample (0 recent finished + 8 in progress) of 73 calls.

▸ Health

66.2%

+12.1%

+9.9%

+2.3% (33)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
A	▲ Outperform	Aug 27, 26	Aug 27, 27	$153.84	🎯$180	$171.6	+17%	+12% so far
PODD	▲ Outperform	Aug 6, 26	Aug 6, 27	$141.17	🎯$175	$138.13	+24%	-2% so far
CNC	▲ Outperform	Aug 3, 26	Aug 3, 27	$64.07	🎯$79	$68.86	+23%	+7% so far
ELV	▲ Outperform	Jul 17, 26	Jul 17, 27	$382.23	🎯$488	$425.27	+28%	+11% so far
ISRG	▲ Outperform	Jul 17, 26	Jul 17, 27	$345.42	🎯$685	$422.06	+98%	+22% so far
LLY	▲ Outperform	Jul 14, 26	Jul 14, 27	$1156.63	🎯$1385	$1166.51	+20%	+1% so far
CI	▲ Outperform	Jul 9, 26	Jul 9, 27	$291.8	🎯$381	$282.53	+31%	-3% so far
ELV	▲ Outperform	Jul 2, 26	Jul 2, 27	$408.17	🎯$482	$425.27	+18%	+4% so far

Sample (0 recent finished + 8 in progress) of 65 calls.

▸ Cons. staples

56.7%

+2.7%

+0.2%

-4.9% (21)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
COST	▲ Outperform	Sep 25, 26	Sep 25, 27	$922.77	🎯$1143	$954.63	+24%	+3% so far
COST	▲ Outperform	Sep 4, 26	Sep 4, 27	$915.74	🎯$1144	$954.63	+25%	+4% so far
SJM	▲ Outperform	Aug 27, 26	Aug 27, 27	$132.34	🎯$157	$121.33	+19%	-8% so far
WMT	▲ Outperform	Jul 31, 26	Jul 31, 27	$110.71	🎯$142	$112.28	+28%	+1% so far
MKC	▲ Outperform	Jun 26, 26	Jun 26, 27	$52.06	🎯$68	$44.64	+31%	-14% so far
KDP	▲ Outperform	Jun 12, 26	Jun 12, 27	$31.71	🎯$38	$32.66	+20%	+3% so far
KDP	▲ Outperform	Jun 11, 26	Jun 11, 27	$31.71	🎯$38	$32.66	+20%	+3% so far
KHC	▼ Underperform	Jun 3, 26	Jun 3, 27	$22.47	🎯$21	$22.43	-7%	+0% so far

Sample (0 recent finished + 8 in progress) of 60 calls.

▸ Cons. disc.

55.9%

+2.7%

-3.6%

-8.1% (21)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
AZO	▲ Outperform	Sep 29, 26	Sep 29, 27	$2875.97	🎯$3698	$2893.3	+29%	+1% so far
LOW	▲ Outperform	Sep 9, 26	Sep 9, 27	$196.59	🎯$254	$188.74	+29%	-4% so far
ABNB	▲ Outperform	Aug 24, 26	Aug 24, 27	$190.5	🎯$217	$165.58	+14%	-13% so far
AMZN	▲ Outperform	Jul 31, 26	Jul 31, 27	$284.02	🎯$320	$258.58	+13%	-9% so far
NKE	▲ Outperform	Jul 1, 26	Jul 1, 27	$44.09	🎯$72	$35.33	+63%	-20% so far
MAR	▲ Outperform	May 15, 26	May 15, 27	$353.17	🎯$402	$371.5	+14%	+5% so far
LOW	▲ Outperform	May 14, 26	May 14, 27	$223.61	🎯$281	$188.74	+26%	-16% so far
AMZN	▲ Outperform	Apr 30, 26	Apr 30, 27	$268.26	🎯$315	$258.58	+17%	-4% so far

Sample (0 recent finished + 8 in progress) of 93 calls.

The 25 stocks Bernstein performed best on

Stock

Calls

% profitable

Avg gain 2015+

Avg gain 2020+

Last 12 months

▸ HOOD Robinhood Markets

100%

+112.9%

+24.0% (4)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
HOOD	▲ Outperform	Sep 9, 26	Sep 9, 27	$115.28	🎯$160	$110.52	+39%	-4% so far
HOOD	▲ Outperform	Jul 20, 26	Jul 20, 27	$106.36	🎯$160	$110.52	+50%	+4% so far
HOOD	▲ Outperform	Apr 14, 26	Apr 14, 27	$87.32	🎯$130	$110.52	+49%	+27% so far
HOOD	▲ Outperform	Mar 30, 26	Mar 30, 27	$65.16	🎯$130	$110.52	+100%	+70% so far
HOOD	▲ Outperform	Feb 13, 25	Feb 13, 26	$65.28	🎯$105	$75.72	+61%	+15.6%
HOOD	▲ Outperform	Nov 20, 24	Nov 20, 25	$35.09	🎯$51	$107.38	+45%	+205.8%
HOOD	▲ Outperform	Mar 14, 24	Mar 14, 25	$18.05	🎯$30	$39.17	+66%	+117.4%

▸ NVDA Nvidia

100%

+102.8%

+105.4%

+20.1% (4)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
NVDA	▲ Outperform	Aug 27, 26	Aug 27, 27	$217.55	🎯$400	$228.52	+84%	+5% so far
NVDA	▲ Outperform	Feb 26, 26	Feb 26, 27	$177.19	🎯$300	$228.52	+69%	+29% so far
NVDA	▲ Outperform	Dec 26, 25	Dec 26, 26	$190.53	🎯$275	$228.52	+44%	+20% so far
NVDA	▲ Outperform	Nov 20, 25	Nov 20, 26	$180.64	🎯$275	$228.52	+52%	+27% so far
NVDA	▲ Outperform	Aug 28, 25	Aug 28, 26	$180.17	🎯$225	$218.01	+25%	+20.8%
NVDA	▲ Outperform	Aug 29, 24	Aug 29, 25	$119.37	🎯$155	$170.7	+30%	+43.1%
NVDA	▲ Outperform	May 23, 24	May 23, 25	$103.8	🎯$1300	$130.79	+1152%	+26.5%
NVDA	▲ Outperform	Feb 22, 24	Feb 21, 25	$78.82	🎯$1000	$130.05	+1169%	+65.3%

Sample (4 recent finished + 4 in progress) of 10 calls.

▸ META Meta Platforms

100%

+85.2%

+25.3% (1)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
META	▲ Outperform	Apr 30, 26	Apr 30, 27	$608.75	🎯$850	$762.5	+40%	+25% so far
META	▲ Outperform	Jul 22, 24	Jul 22, 25	$488.69	🎯$575	$713.49	+18%	+46%
META	▲ Outperform	Apr 25, 24	Apr 25, 25	$443.29	🎯$565	$549.68	+27%	+24%
META	▲ Outperform	Apr 18, 24	Apr 18, 25	$481.07	🎯$590	$485.88	+23%	+0.8%
META	▲ Outperform	Apr 27, 23	Apr 26, 24	$238.56	🎯$275	$443.72	+15%	+85.8%
META	▲ Outperform	Feb 2, 23	Feb 2, 24	$188.77	🎯$210	$475.7	+11%	+151.6%
META	▲ Outperform	Oct 27, 22	Oct 27, 23	$97.94	🎯$135	$296.76	+38%	+203%

▸ DELL Dell Technologies

50%

+72.5%

+19.6% (2)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
DELL	▲ Outperform	Sep 2, 26	Sep 2, 27	$492.2	🎯$650	$572.47	+32%	+16% so far
DELL	▲ Outperform	Jun 1, 26	Jun 1, 27	$465.96	🎯$500	$572.47	+7%	+23% so far
DELL	▲ Outperform	Oct 8, 25	Oct 8, 26	$155.95	🎯$180	$586.37	+15%	+275.8%
DELL	▲ Outperform	Sep 16, 25	Sep 16, 26	$130.34	🎯$175	$587.83	+34%	+351.4%
DELL	▲ Outperform	Aug 30, 24	Aug 30, 25	$110.77	🎯$140	$120.74	+26%	+9.2%
DELL	▲ Outperform	May 20, 24	May 20, 25	$147.24	🎯$155	$111.9	+5%	-24%
DELL	▲ Outperform	Mar 1, 24	Mar 1, 25	$124.59	🎯$120	$95.93	-4%	-23.3%
DELL	▲ Outperform	Jan 3, 24	Jan 2, 25	$76.6	🎯$90	$116.43	+17%	+52.1%

▸ MU Micron Technology

50%

+39.3%

+65.0%

+106.4% (1)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
MU	▲ Outperform	Mar 18, 26	Mar 18, 27	$461.73	🎯$510	$953.19	+10%	+106% so far
MU	▲ Outperform	Dec 18, 24	Dec 18, 25	$87.09	🎯$120	$265.62	+38%	+205.3%
MU	▲ Outperform	Mar 16, 22	Mar 16, 23	$79.67	🎯$94	$56.57	+18%	-29%
MU	▼ Underperform	Oct 25, 21	Oct 25, 22	$68.76	🎯$58	$55.7	-16%	+18.8%
MU	▲ Outperform	Jun 26, 15	Jun 25, 16	$19.66	🎯$28	$12.19	+42%	-37.8%
MU	▲ Outperform	Dec 3, 13	Dec 3, 14	$21.76	🎯$24	$36.12	+10%	+65.8%

▸ PYPL PayPal

100%

+56.1%

+55.7%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
PYPL	▲ Outperform	Jul 31, 24	Jul 31, 25	$65.78	🎯$78	$69.07	+19%	+4.5%
PYPL	▲ Outperform	Jan 7, 20	Jan 6, 21	$109.67	🎯$130	$227.02	+19%	+106.8%
PYPL	▲ Outperform	Jul 10, 17	Jul 10, 18	$54.94	—	$86.26	—	+56.8%

▸ SLB Schlumberger

100%

+37.9%

+55.4%

+5.9% (3)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
SLB	▲ Outperform	May 11, 26	May 11, 27	$55.64	🎯$71	$48.77	+28%	-12% so far
SLB	▲ Outperform	Mar 12, 26	Mar 12, 27	$44.72	🎯$56.1	$48.77	+25%	+9% so far
SLB	▲ Outperform	Dec 11, 25	Dec 11, 26	$40.34	🎯$52.3	$48.77	+30%	+21% so far
SLB	▲ Outperform	Apr 6, 20	Apr 6, 21	$15.67	🎯$17.9	$27.42	+14%	+75.1%
SLB	▼ Underperform	Jan 14, 20	Jan 13, 21	$39.53	🎯$27.1	$25.3	-31%	+35.6%
SLB	▲ Outperform	Jul 6, 17	Jul 6, 18	$65.13	—	$67.08	—	+2.9%
SLB	▲ Outperform	Oct 22, 13	Oct 22, 14	$92.84	🎯$112	$98.41	+21%	+5.8%

▸ MSTR Strategy

60%

+52.0%

+3.2% (2)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
MSTR	▲ Outperform	Aug 26, 26	Aug 26, 27	$123.19	🎯$350	$152.18	+184%	+24% so far
MSTR	▲ Outperform	Dec 8, 25	Dec 8, 26	$183.69	🎯$450	$152.18	+145%	-17% so far
MSTR	▲ Outperform	Dec 12, 24	Dec 12, 25	$408.67	🎯$600	$163.47	+47%	-60.3%
MSTR	▲ Outperform	Nov 25, 24	Nov 25, 25	$403.45	🎯$600	$173.48	+49%	-57.3%
MSTR	▲ Outperform	Oct 9, 24	Oct 9, 25	$183.34	🎯$290	$304.34	+58%	+66.2%
MSTR	▲ Outperform	Jun 14, 24	Jun 14, 25	$149.55	🎯$2890	$382.85	+1832%	+155.6%
MSTR	▲ Outperform	Jun 13, 24	Jun 13, 25	$149.55	🎯$2890	$382.85	+1832%	+155.6%

▸ CRWD CrowdStrike

100%

+48.1%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
CRWD	▲ Outperform	Jun 4, 25	Jun 4, 26	$115.14	🎯$371	$179.62	+222%	+56.1%
CRWD	▲ Outperform	Mar 5, 25	Mar 5, 26	$91.36	🎯$347	$106.89	+280%	+16.6%
CRWD	▲ Outperform	Sep 5, 24	Sep 5, 25	$64.11	🎯$327	$104.5	+410%	+62.9%
CRWD	▲ Outperform	Aug 19, 24	Aug 19, 25	$66.69	🎯$315	$104.7	+372%	+56.9%

▸ CNC Centene Corporation

66.7%

+53.7%

+40.4%

+43.9% (2)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
CNC	▲ Outperform	Aug 3, 26	Aug 3, 27	$64.07	🎯$79	$68.86	+23%	+7% so far
CNC	▲ Outperform	Nov 21, 25	Nov 21, 26	$38.17	🎯$45	$68.86	+18%	+80% so far
CNC	▲ Outperform	Sep 5, 25	Sep 5, 26	$28.84	🎯$36	$64.6	+25%	+123.9%
CNC	▲ Outperform	Oct 30, 24	Oct 30, 25	$62.26	🎯$88	$35.49	+41%	-43.2%
CNC	▲ Outperform	Nov 14, 16	Nov 14, 17	$25.78	—	$46.4	—	+80.4%

▸ PANW Palo Alto Networks

66.7%

+23.5%

+39.8%

+138.7% (2)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
PANW	▲ Outperform	Feb 18, 26	Feb 18, 27	$150.99	🎯$209	$397.03	+38%	+163% so far
PANW	▲ Outperform	Nov 20, 25	Nov 20, 26	$185.07	🎯$210	$397.03	+13%	+115% so far
PANW	▲ Outperform	Aug 19, 25	Aug 19, 26	$184.43	🎯$207	$350.42	+12%	+89.5%
PANW	▲ Outperform	Aug 5, 25	Aug 5, 26	$169.09	🎯$204	$361.85	+21%	+114.5%
PANW	▲ Outperform	May 21, 25	May 21, 26	$181.26	🎯$225	$253.76	+24%	+39.5%
PANW	▲ Outperform	Feb 14, 25	Feb 14, 26	$208.28	🎯$229	$164.54	+10%	-21.5%
PANW	▲ Outperform	Aug 20, 24	Aug 20, 25	$184.01	🎯$399	$184.01	+117%	+0.2%
PANW	▲ Outperform	May 21, 24	May 21, 25	$155.83	🎯$364	$180.76	+134%	+16.3%

Sample (6 recent finished + 2 in progress) of 9 calls.

▸ UAL United Airlines Holdings

100%

+35.1%

+38.3%

-22.6% (1)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
UAL	▲ Outperform	Jul 1, 26	Jul 1, 27	$133.32	🎯$153	$103.23	+15%	-23% so far
UAL	▲ Outperform	Oct 17, 24	Oct 17, 25	$74.15	🎯$85	$101.59	+15%	+36.6%
UAL	▲ Outperform	Sep 26, 23	Sep 25, 24	$42.03	🎯$68	$58.84	+62%	+40%
UAL	▲ Outperform	Jan 31, 18	Jan 31, 19	$67.82	—	$87.49	—	+28.7%

▸ LHX L3Harris

66.7%

+23.2%

+37.1%

-12.2% (2)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
LHX	▲ Outperform	Sep 23, 26	Sep 23, 27	$239.21	🎯$346	$234.72	+45%	-2% so far
LHX	▲ Outperform	May 4, 26	May 4, 27	$302.65	🎯$405	$234.72	+34%	-22% so far
LHX	▲ Outperform	Jan 8, 25	Jan 8, 26	$208.28	🎯$267	$335.33	+28%	+61.2%
LHX	▲ Outperform	Apr 20, 20	Apr 20, 21	$187.78	🎯$236	$212.19	+26%	+12.9%
LHX	▲ Outperform	Dec 10, 19	Dec 9, 20	$196.96	🎯$247	$189.08	+25%	-4.4%

▸ DDOG Datadog

100%

+35.0%

+80.8% (2)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
DDOG	▲ Outperform	May 8, 26	May 8, 27	$202.32	🎯$180	$283.34	-11%	+40% so far
DDOG	▲ Outperform	Apr 22, 26	Apr 22, 27	$127.86	🎯$167	$283.34	+31%	+122% so far
DDOG	▲ Outperform	Oct 8, 25	Oct 8, 26	$164.07	🎯$170	$293.69	+4%	+78.7%
DDOG	▲ Outperform	Oct 21, 24	Oct 21, 25	$124.62	🎯$151	$154.53	+21%	+23.7%
DDOG	▲ Outperform	Aug 16, 23	Aug 15, 24	$90.6	🎯$133	$115.97	+47%	+28.4%
DDOG	▲ Outperform	Jul 20, 22	Jul 20, 23	$100.88	🎯$172	$109.96	+70%	+8.9%

▸ UBER Uber

75%

+32.6%

-13.8% (2)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
UBER	▲ Outperform	Aug 6, 26	Aug 6, 27	$75.02	🎯$95	$71.32	+27%	-5% so far
UBER	▲ Outperform	Nov 5, 25	Nov 5, 26	$92.12	🎯$115	$71.32	+25%	-23% so far
UBER	▲ Outperform	Jul 21, 25	Jul 21, 26	$91.16	🎯$110	$71.1	+21%	-21.5%
UBER	▲ Outperform	Aug 2, 23	Aug 1, 24	$46.96	🎯$55	$61.05	+17%	+29.9%
UBER	▲ Outperform	Jun 26, 23	Jun 25, 24	$43.83	🎯$50	$71	+14%	+61.7%
UBER	▲ Outperform	Jan 10, 20	Jan 9, 21	$34.01	🎯$40	$54.76	+18%	+60.5%

▸ TTWO Take-Two Interactive

80%

+26.0%

+32.4%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
TTWO	▲ Outperform	Apr 22, 22	Apr 22, 23	$136.41	🎯$173	$128.23	+27%	-6.3%
TTWO	▲ Outperform	Jul 16, 20	Jul 16, 21	$150.58	🎯$189	$168.65	+26%	+12.2%
TTWO	▲ Outperform	May 21, 20	May 21, 21	$140.51	🎯$158	$185.47	+12%	+31.7%
TTWO	▲ Outperform	Feb 7, 20	Feb 6, 21	$111	🎯$137	$213.12	+23%	+92.2%
TTWO	▲ Outperform	Oct 10, 18	Oct 10, 19	$122.25	🎯$175	$122.25	+43%	+0.1%

▸ NOW ServiceNow

80%

+39.2%

+31.4%

+40.3% (1)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
NOW	▲ Outperform	Jul 23, 26	Jul 23, 27	$98.78	🎯$248	$138.61	+151%	+40% so far
NOW	▲ Outperform	Oct 24, 24	Oct 24, 25	$190.17	🎯$913	$190.17	+380%	-0.5%
NOW	▲ Outperform	May 30, 23	May 29, 24	$109.82	🎯$665	$146.06	+506%	+33.1%
NOW	▲ Outperform	Jan 26, 23	Jan 26, 24	$92.61	🎯$586	$153.73	+533%	+66.2%
NOW	▲ Outperform	Jul 20, 22	Jul 20, 23	$91.37	🎯$646	$116.04	+607%	+26.7%
NOW	▲ Outperform	May 24, 17	May 24, 18	$20.6	—	$35.02	—	+70.4%

▸ AVGO Broadcom

100%

+34.8%

+31.0%

-3.4% (2)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
AVGO	▲ Outperform	Apr 14, 26	Apr 14, 27	$380.78	🎯$525	$357.31	+38%	-6% so far
AVGO	▲ Outperform	Dec 12, 25	Dec 12, 26	$359.93	🎯$475	$357.31	+32%	-1% so far
AVGO	▲ Outperform	Sep 5, 25	Sep 5, 26	$345.65	🎯$400	$369.85	+16%	+6.6%
AVGO	▲ Outperform	Jun 13, 24	Jun 13, 25	$173.5	🎯$1950	$251.58	+1024%	+45.3%
AVGO	▲ Outperform	Mar 8, 24	Mar 8, 25	$130.87	🎯$1600	$184.53	+1123%	+40.9%
AVGO	▲ Outperform	Oct 5, 16	Oct 5, 17	$17.35	🎯$215	$24.29	+1139%	+40.5%
AVGO	▲ Outperform	Oct 4, 16	Oct 4, 17	$17.35	🎯$215	$24.29	+1139%	+40.5%

▸ DAL Delta Air Lines

100%

+26.4%

+30.5%

+1.7% (3)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
DAL	▲ Outperform	Oct 7, 26	Oct 7, 27	$82.97	🎯$100	$79.57	+21%	-4% so far
DAL	▲ Outperform	Jun 17, 26	Jun 17, 27	$82.25	🎯$93	$79.57	+13%	-3% so far
DAL	▲ Outperform	May 11, 26	May 11, 27	$70.71	🎯$88	$79.57	+24%	+13% so far
DAL	▲ Outperform	Oct 10, 25	Oct 10, 26	$57.48	🎯$74	$79.9	+29%	+39.4%
DAL	▲ Outperform	Oct 8, 24	Oct 8, 25	$50.98	🎯$65	$59.65	+28%	+16.9%
DAL	▲ Outperform	Jul 12, 24	Jul 12, 25	$43.62	🎯$62	$58.01	+42%	+33.2%
DAL	▲ Outperform	Sep 26, 23	Sep 25, 24	$36.77	🎯$61	$48.9	+66%	+32.6%
DAL	▲ Outperform	Feb 6, 17	Feb 6, 18	$48.26	—	$53.09	—	+10%

▸ AMZN Amazon

80%

+28.5%

-3.6% (3)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
AMZN	▲ Outperform	Jul 31, 26	Jul 31, 27	$284.02	🎯$320	$258.58	+13%	-9% so far
AMZN	▲ Outperform	Apr 30, 26	Apr 30, 27	$268.26	🎯$315	$258.58	+17%	-4% so far
AMZN	▲ Outperform	Oct 31, 25	Oct 31, 26	$254	🎯$300	$258.58	+18%	+2% so far
AMZN	▲ Outperform	May 2, 25	May 2, 26	$186.35	🎯$230	$272.07	+23%	+46%
AMZN	▲ Outperform	Apr 29, 25	Apr 29, 26	$184.42	🎯$235	$265.56	+27%	+43.7%
AMZN	▲ Outperform	Feb 10, 25	Feb 10, 26	$232.76	🎯$275	$204.83	+18%	-12.3%
AMZN	▲ Outperform	Dec 18, 24	Dec 18, 25	$223.29	🎯$265	$227.76	+19%	+1.8%
AMZN	▲ Outperform	Nov 1, 24	Nov 1, 25	$195.78	🎯$235	$254.51	+20%	+29.7%

Sample (5 recent finished + 3 in progress) of 20 calls.

▸ ISRG Intuitive Surgical

100%

+21.0%

+27.1%

-7.9% (3)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
ISRG	▲ Outperform	Jul 17, 26	Jul 17, 27	$345.42	🎯$685	$422.06	+98%	+22% so far
ISRG	▲ Outperform	Jan 23, 26	Jan 23, 27	$523.99	🎯$750	$422.06	+43%	-19% so far
ISRG	▲ Outperform	Jan 9, 26	Jan 9, 27	$572.75	🎯$740	$422.06	+29%	-26% so far
ISRG	▲ Outperform	May 31, 23	May 30, 24	$307.84	🎯$365	$403.27	+19%	+31%
ISRG	▲ Outperform	Apr 20, 23	Apr 19, 24	$297.41	🎯$350	$365.81	+18%	+23.2%
ISRG	▲ Outperform	Jun 27, 18	Jun 27, 19	$158.8	🎯$560	$173.09	+253%	+8.7%

▸ WMT Walmart

100%

+23.7%

+24.9%

-0.5% (4)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
WMT	▲ Outperform	Jul 31, 26	Jul 31, 27	$110.71	🎯$142	$112.28	+28%	+1% so far
WMT	▲ Outperform	Feb 20, 26	Feb 20, 27	$125.81	🎯$134	$112.28	+7%	-11% so far
WMT	▲ Outperform	Jan 5, 26	Jan 5, 27	$112.71	🎯$129	$112.28	+14%	+0% so far
WMT	▲ Outperform	Nov 21, 25	Nov 21, 26	$104.06	🎯$122	$112.28	+17%	+8% so far
WMT	▲ Outperform	Nov 20, 24	Nov 20, 25	$88.39	🎯$102	$105.18	+15%	+19.2%
WMT	▲ Outperform	Oct 22, 24	Oct 22, 25	$82.02	🎯$95	$107.45	+16%	+30.6%
WMT	▲ Outperform	May 3, 19	May 2, 20	$34.03	—	$41.18	—	+21.2%

▸ VRTX Vertex Pharmaceuticals

80%

+23.7%

+9.4% (2)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
VRTX	▲ Outperform	May 5, 26	May 5, 27	$427.65	🎯$572	$485.22	+34%	+13% so far
VRTX	▲ Outperform	Jan 12, 26	Jan 12, 27	$460.59	—	$485.22	—	+5% so far
VRTX	▲ Outperform	Aug 2, 23	Aug 1, 24	$358.4	🎯$390	$505.34	+9%	+41.1%
VRTX	▲ Outperform	Jul 28, 23	Jul 27, 24	$352.34	🎯$380	$496.8	+8%	+41.4%
VRTX	▲ Outperform	May 3, 23	May 2, 24	$346.36	🎯$363	$401.78	+5%	+15.5%
VRTX	▲ Outperform	Mar 21, 23	Mar 20, 24	$302.66	🎯$344	$411.62	+14%	+36.2%
VRTX	▲ Outperform	Nov 20, 20	Nov 20, 21	$215.21	🎯$275	$180.78	+28%	-15.7%

▸ MSFT Microsoft

77.8%

+23.1%

+23.9% (4)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
MSFT	▲ Outperform	Jul 30, 26	Jul 30, 27	$464.72	🎯$647	$543.45	+39%	+17% so far
MSFT	▲ Outperform	Jul 22, 26	Jul 22, 27	$381.58	🎯$646	$543.45	+69%	+42% so far
MSFT	▲ Outperform	Apr 30, 26	Apr 30, 27	$414.44	🎯$646	$543.45	+56%	+31% so far
MSFT	▲ Outperform	Oct 30, 25	Oct 30, 26	$517.81	🎯$645	$543.45	+25%	+5% so far
MSFT	▲ Outperform	May 1, 25	May 1, 26	$425.4	🎯$520	$412.64	+22%	-2.6%
MSFT	▲ Outperform	Jan 30, 25	Jan 30, 26	$414.99	🎯$511	$431.59	+23%	+3.7%
MSFT	▲ Outperform	Jan 6, 25	Jan 6, 26	$427.85	🎯$516	$479.19	+21%	+11.8%
MSFT	▲ Outperform	Oct 25, 24	Oct 25, 25	$428.15	🎯$500	$530.91	+17%	+24.1%

Sample (4 recent finished + 4 in progress) of 9 calls.

▸ GOOGL Alphabet Inc. (Class A)

66.7%

+22.9%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
GOOGL	▲ Outperform	May 9, 23	May 8, 24	$111.75	🎯$125	$169.86	+12%	+52.1%
GOOGL	▲ Outperform	Apr 20, 23	Apr 19, 24	$105.41	🎯$125	$156.01	+19%	+48.3%
GOOGL	▲ Outperform	Feb 6, 23	Feb 6, 24	$107.64	🎯$130	$145.31	+21%	+35.2%
GOOGL	▲ Outperform	Oct 26, 22	Oct 26, 23	$94.93	🎯$120	$122.46	+26%	+28.8%
GOOGL	▲ Outperform	Feb 2, 22	Feb 2, 23	$143.09	🎯$3500	$104.46	+2346%	-26.8%
GOOGL	▲ Outperform	Jan 27, 22	Jan 27, 23	$133.35	🎯$3250	$97.35	+2337%	-27.3%
GOOGL	▲ Outperform	Oct 27, 21	Oct 27, 22	$145.85	🎯$3350	$96.26	+2197%	-34%
GOOGL	▲ Outperform	Jul 28, 21	Jul 28, 22	$135.78	🎯$3200	$116.77	+2257%	-14.3%

Sample (8 recent finished + 0 in progress) of 12 calls.

% profitable = share of its calls that made money (1 year). Avg gain / call = average absolute gain per call (winners and losers). Point-in-time, S&P 500 backtest.

❓ Bernstein: frequently asked questions

Is Bernstein a reliable analyst? How accurate are their price targets?

Over 12 months, 63.6% of Bernstein's targets were profitable, averaging +17.7% per call (+3.7% vs their sector), across 555 timestamped calls. Verdict: fairly reliable. We judge on real results, not reputation — the call-by-call detail is further up this page.