Arete Research
Arete Research is an independent equity research firm headquartered in London, with offices in Boston, Dallas and Hong Kong. Founded in 2000, it specializes in technology, media and telecom stocks and takes no compensation from the companies it covers.
Activity24M
RatingsPrice targetsKey figures
- Stocks covered
- 3412M
- Actions
- 5212M
- Ratings / Price targets
- 7 / 45
- Upgrades / Downgrades
- 6 / 1
- Buy-rated
- 80%of 5 rated
- Median upside
- +21.4%
- Targets raised / lowered
- 9 / 8
- On record
- Oct 2019 – Sep 2026
Overview
Arete covers semiconductors, enterprise software and cybersecurity, internet and e-commerce, and telecoms, cable and media, serving more than 250 technology investors as of 2026. As of 2026, Arete says it has no banking or proprietary trading business. At 30 June 2026, 73.2% of rated stocks were Buy, 20.3% Neutral and 6.5% Sell. A Harvard Business School case study examined its Unity Software coverage.
Richard Kramer, previously ranked the top European technology analyst at Goldman Sachs for four years, founded Arete in early 2000 with fellow analysts including Brett Simpson, before the Wall Street research scandals of 2001-2003. The firm operates through Arete Research Services LLP in the UK, Arete Research LLC in the US and Arete Research Asia in Hong Kong, regulated by the FCA, FINRA and the SFC. Simpson left in February 2026 to join Qualcomm.
Milestones
- 2000
Founded in London by Richard Kramer and fellow analysts
- 2026
Co-founder Brett Simpson leaves to join Qualcomm
Firm facts
- Legal name
- Arete Research Services LLP
- Type
- Independent research
- Founded
- 2000
- Headquarters
- London, United Kingdom
- Rating scale
- BuyNeutralSell12 months
- Also filed as
- Arete
- Website
- arete.net
Research philosophy
Equity research requires critical thinking skills, married with real world understanding of what companies can accomplish, and what they cannot.
As of 2026, Arete says its analysts meet or speak with more than 100 companies a month, organizing their research by sector rather than region and looking for potential underperformers as well as outperformers. It highlights Sell recommendations based on analysis of technology, sector trends and company accounting. The firm argues that avoiding major losses matters at least as much as investing in widely favored stocks.
Rating methodology
Stocks are rated Buy, Neutral or Sell relative to the analyst's industry coverage universe over 12 months.
Coverage12M
Sectors
Most covered24M
| Stock | Rating | Target |
|---|---|---|
 Meta Platforms, Inc.META | Buy | $735 |
 Alibaba Group Holding LimitedBABA | — | $190 |
 JD.com, Inc.JD | — | $30 |
 PDD Holdings Inc.PDD | — | $93 |
 Uber Technologies, Inc.UBER | Buy | $74 |
 AppLovin CorporationAPP | Sell | $340 |
 Baidu, Inc.BIDU | Buy | $108 |
 CrowdStrike Holdings, Inc.CRWD | — | $730 |
 GLOBALFOUNDRIES Inc.GFS | — | $95 |
 Lyft, Inc.LYFT | Neutral | $20 |
Most active analysts
- Rocco Strauss4 notesMETARJETSAP
- Andrew Beale3 notesCMCSASPCXT
- Zixiao Yang3 notesNTESPDDSE
- David Mak3 notesAPPRBLXROKU
- Ellie Kearney3 notesCRWDFTNTOKTA
- Janco Venter2 notesGFS
Recent actions
| Date | Stock | Rating action | Target | Analyst |
|---|---|---|---|---|
| Sep 10 | Uber Technologies, Inc.UBER | Target | $125 →$74 | |
| Sep 7 | PDD Holdings Inc.PDD | Target | $121 →$93 | |
| Sep 7 |  Sea LimitedSE | Target | $177 →$152 | |
| Sep 7 | Baidu, Inc.BIDU | Target | $108 | |
| Sep 7 | JD.com, Inc.JD | Target | $37 →$30 | |
| Aug 20 |  Monolithic Power Systems, Inc.MPWR | Target | $2,013 | |
| Aug 11 |  Space Exploration Technologies Corp.SPCX | Target | $401 →$450 | |
| Jul 29 |  Texas Instruments IncorporatedTXN | Target | $405 | Alexi de Unger |
| Jun 30 |  The Trade Desk, Inc.TTD | Target | $11.60 | |
| Jun 29 | CrowdStrike Holdings, Inc.CRWD | Target | $706 →$730 | Ellie Kearney |
| Jun 29 |  Roblox CorporationRBLX | Target | $116 →$95 | |
| Jun 18 | Space Exploration Technologies Corp.SPCX | Target | $401 | Andrew Beale |