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Spencer Hanus (Wolfe Research): analyst track record on stock perps

Spencer Hanus of Wolfe Research on companies with stock perpetual futures: star rating, success rate, price-target accuracy, current calls and the measured perp reaction after each rating.

Stars1.9★
Success52%
Excess return+0.9%
rank#7,717
Ratings27
ratings on stock perps15

Track record

TipRanks data via FMP
12 months3 years
Ratings4141
Stock2929
Buy / hold / sell22 / 15 / 422 / 15 / 4
Upgrades / downgrades / initiations5 / 6 / 195 / 6 / 19
Price targets hit / missed5 / 19 (21%)5 / 19 (21%)
Avg. return after a rating (TipRanks)-6.1%-6.1%
Best / worst call+94.7% / -52.1%+94.7% / -52.1%

After buy calls: median 21-day move +0.3% · vs S&P 500 -0.4% · targets hit within a year – (n = 15)

Current calls on stock perps

StockCallTargetvs last closeDate
$ORLY O'Reilly Auto PartsBuy · Maintained$105+22.8%Jul 29, 2026
$HD The Home Depot, Inc.Hold · DowngradedJun 23, 2026
$TGT Target CorporationBuy · UpgradedJun 23, 2026
$WMT Walmart Inc.Buy · Reiterated$137+29.6%May 8, 2026

Recent ratings

  • Jul 29, 2026 $ORLY: Maintained · Buy · $105 · article
  • Jun 23, 2026 $HD: Downgraded · Hold · article
  • Jun 23, 2026 $TGT: Upgraded · Buy · article
  • May 19, 2026 $HD: Reiterated · Buy · $365 · article
  • May 13, 2026 $ORLY: Reiterated · Buy · $104 · article
  • May 8, 2026 $WMT: Reiterated · Buy · $137 · article
  • Jan 27, 2026 $TGT: Upgraded · Hold · article
  • Dec 29, 2025 $TGT: Maintained · Sell · $81.00 · article
  • Dec 22, 2025 $TGT: Maintained · Sell · $81.06 · article
  • Sep 17, 2025 $LOW: Initiated · Buy · $308 · article
  • Sep 17, 2025 $WMT: Initiated · Buy · $129 · article
  • Sep 17, 2025 $ORLY: Upgraded · Buy · $121 · article
  • Sep 17, 2025 $TGT: Initiated · Sell · $80.00 · article
  • Sep 17, 2025 $COST: Initiated · Hold · article
  • Sep 17, 2025 $HD: Initiated · Buy · $497 · article

Spencer Hanus1.9★ · 52% success · +0.9% 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.