Top analysts on stock perps · Analyst

Andre Chang (J.P. Morgan): analyst track record on stock perps

Andre Chang of J.P. Morgan on companies with stock perpetual futures: star rating, success rate, price-target accuracy, current calls and the measured perp reaction after each rating.

Stars0.1★

Success37%

Excess return-13.3%

rank#12,166

Ratings87

ratings on stock perps28

Track record

TipRanks data via FMP

	12 months	3 years
Ratings	9	50
Stock	5	8
Buy / hold / sell	7 / 2 / 0	36 / 11 / 3
Upgrades / downgrades / initiations	0 / 0 / 1	1 / 1 / 2
Price targets hit / missed	0 / 9 (0%)	10 / 40 (20%)
Avg. return after a rating (TipRanks)	-29.7%	-22.8%
Best / worst call	-15.7% / -42.8%	+60.0% / -64.6%

After buy calls: median 21-day move -0.3% · vs S&P 500 -4.6% · targets hit within a year 19% (n = 27)

Current calls on stock perps

Stock	Call	Target	vs last close	Date
$PDD PDD Holdings Inc.	Hold · Maintained	$95.00	+22.0%	Sep 10, 2026

Recent ratings

Sep 10, 2026 $PDD: Maintained · Hold · $95.00 · article
Mar 27, 2026 $PDD: Maintained · Hold · $110 · article
Aug 25, 2025 $PDD: Maintained · Hold · $125 · article
Jul 10, 2025 $JD: Maintained · Buy · $40.00 · article
Jul 10, 2025 $JD: Maintained · Buy · $40.00
May 27, 2025 $JD: Maintained · Buy · $42.00 · article
May 28, 2025 $PDD: Reiterated · Hold · $105 · article
May 14, 2025 $JD: Maintained · Buy · $48.00 · article
Apr 22, 2025 $JD: Maintained · Buy · $46.00 · article
Mar 20, 2025 $PDD: Maintained · Hold · $125 · article
Mar 7, 2025 $JD: Maintained · Buy · $55.00 · article
Jan 17, 2025 $JD: Reiterated · Buy · $50.00 · article
Nov 22, 2024 $PDD: Downgraded · Hold · $105 · article
Oct 16, 2024 $JD: Maintained · Buy · $50.00 · article
Sep 25, 2024 $JD: Maintained · Buy · $40.00 · article
Sep 3, 2024 $PDD: Maintained · Buy · $170 · article
Aug 26, 2024 $PDD: Maintained · Buy · $180 · article
Aug 16, 2024 $JD: Upgraded · Buy · $36.00 · article
May 22, 2024 $PDD: Maintained · Buy · $220 · article
May 16, 2024 $JD: Reiterated · Hold · $33.00 · article

Andre Chang0.1★ · 37% success · -13.3% excess return · TipRanks data via FMP · Source headlines via TheFly/StreetInsider (FMP). Reaction = venue-median perp move after our detection — an observation, not investment advice.