PerpEquities

Top analysts on stock perps · Analyst

Ronald Keung (Goldman Sachs): analyst track record on stock perps

Ronald Keung of Goldman Sachs on companies with stock perpetual futures: star rating, success rate, price-target accuracy, current calls and the measured perp reaction after each rating.

Stars0.4★
Success39%
Excess return-4.6%
rank#11,421
Ratings122
ratings on stock perps30

Track record

TipRanks data via FMP
12 months3 years
Ratings1565
Stock918
Buy / hold / sell15 / 0 / 059 / 3 / 3
Upgrades / downgrades / initiations1 / 0 / 03 / 2 / 3
Price targets hit / missed0 / 14 (0%)5 / 55 (8%)
Avg. return after a rating (TipRanks)-45.4%-31.0%
Best / worst call-31.6% / -73.0%+58.7% / -73.0%

After buy calls: median 21-day move 0.0% · vs S&P 500 +0.2% · targets hit within a year 55% (n = 26)

Current calls on stock perps

StockCallTargetvs last closeDate
$PDD PDD Holdings Inc.Buy · Maintained$134+72.1%Aug 25, 2026
$BABA Alibaba Group Holding Ltd.Buy · Maintained$186+71.3%May 19, 2026

Recent ratings

  • Aug 25, 2026 $PDD: Maintained · Buy · $134 · article
  • May 19, 2026 $BABA: Maintained · Buy · $186 · article
  • Mar 20, 2026 $BABA: Maintained · Buy · $186 · article
  • Nov 18, 2025 $PDD: Maintained · Buy · $147 · article
  • Oct 13, 2025 $BABA: Maintained · Buy · $205 · article
  • Sep 1, 2025 $BABA: Maintained · Buy · $163 · article
  • Aug 26, 2025 $PDD: Maintained · Buy · $148 · article
  • Feb 21, 2025 $BABA: Maintained · Buy · $160 · article
  • Feb 10, 2025 $AZN: Reiterated · Buy · article
  • Jan 28, 2025 $BABA: Maintained · Buy · $117 · article
  • Jan 21, 2025 $BABA: Maintained · Buy · $117 · article
  • Oct 7, 2024 $BABA: Maintained · Buy · $134 · article
  • Sep 30, 2024 $BABA: Maintained · Buy · $134 · article
  • May 28, 2024 $PDD: Maintained · Buy · $184 · article
  • May 28, 2024 $JD: Maintained · Buy · $41.00 · article
  • May 24, 2024 $PDD: Upgraded · Buy · $184 · article
  • Apr 25, 2024 $JD: Initiated · Buy · $37.00 · article
  • Mar 11, 2024 $PDD: Downgraded · Hold · $136 · article
  • Feb 8, 2024 $BABA: Maintained · Buy · $105 · article
  • Jan 16, 2024 $PDD: Maintained · Buy · $195 · article

Ronald Keung0.4★ · 39% success · -4.6% 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.