BNP Paribas
BNP Paribas is a Paris-based universal bank. Its equity research business, branded BNP Paribas Exane since the bank took full ownership of Exane in 2021, is known for its top-ranked European industry research and expanding US coverage.
Activity24M
RatingsPrice targetsKey figures
- Stocks covered
- 19312M
- Actions
- 27812M
- Ratings / Price targets
- 114 / 164
- Upgrades / Downgrades
- 12 / 11
- Buy-rated
- 39%of 93 rated
- Median upside
- +10.2%
- Targets raised / lowered
- 19 / 26
- On record
- May 2019 – Sep 2026
Overview
BNP Paribas' mission is to contribute to a responsible and sustainable economy by financing and advising clients according to the highest ethical standards.
Extel ranked BNP Paribas Exane the No. 1 industry research provider in Developed Europe for the ninth consecutive year in 2025, with 19 teams in the top three. Coverage exceeded 960 stocks globally in February 2024, when the bank set a target of more than 500 US stocks by 2025. BNP Paribas says environmental, social and governance considerations guide its business model, with sector policies setting strict criteria for financing and investments. In 2024, its head of global equities identified growth opportunities in serving clients across research, trading, financing and execution.
BNP Paribas was formed in 2000 by the merger of Banque Nationale de Paris and Paribas. In 2004 it formed a cash-equities partnership with Paris broker Exane, founded in 1990, moving its equities staff into the joint Exane BNP Paribas brand and taking a stake in Exane's holding company. It bought the remaining 50% of Exane in July 2021, launched the research in the United States in November 2022 and merged Exane SA into the bank in November 2023.
Milestones
- 1990
Exane founded in Paris as Finacor Actions et Dérivés
- 2000
BNP and Paribas merge to form BNP Paribas
- 2004
Cash-equities partnership with Exane launches the Exane BNP Paribas brand
- 2021
BNP Paribas acquires full ownership of Exane
- 2022
BNP Paribas Exane research launched in the United States
- 2023
Exane SA merged into BNP Paribas
Firm facts
- Legal name
- BNP Paribas SA
- Type
- Full-service
- Founded
- 2000
- Headquarters
- Paris, France
- Listing
- Euronext Paris: BNP
- Director and Chief Executive Officer
- Jean-Laurent Bonnafé
- Rating scale
- OutperformNeutralUnderperform12 months
- Website
- group.bnpparibas
Research philosophy
Its Markets 360 strategy and economics team says it aims for evidence-based views built on quantitative and data analysis.
Rating methodology
Since September 2024, ratings are Outperform, Neutral and Underperform relative to the average total return of the analyst's coverage over 12 months; earlier ratings used MSCI sector indices.
Coverage12M
Sectors
Most covered24M
| Stock | Rating | Target |
|---|---|---|
 Lululemon Athletica Inc.LULU | Underperform | $88 |
 NIKE, Inc.NKE | Underperform | $35 |
 PepsiCo, Inc.PEP | Outperform | $183 |
 AT&T Inc.T | Outperform | $30 |
 Toast, Inc.TOST | Neutral | $35 |
 Cable One, Inc.CABO | Neutral | $40 |
 Conagra Brands, Inc.CAG | Neutral | $16 |
 Comcast CorporationCMCSA | Underperform | $27 |
 Chevron CorporationCVX | Outperform | $174 |
 Equifax Inc.EFX | Underweight | $245 |
Most active analysts
- Nick Jones6 notesTTDCARTGOOGL
- Nate Crossett5 notesLINEMPTOHI
- Karl Ackerman5 notesAVGOPCIENMU
- David O'Connor5 notesADIARMMCHP
- Andrew DeGasperi5 notesADSKBSYCDNS
- Sam McHugh5 notesCABOCHTRCMCSA
Recent actions
| Date | Stock | Rating action | Rating | Target | Analyst |
|---|---|---|---|---|---|
| Sep 22 | NTNetEase, Inc.NTES | Target | $180 | ||
| Sep 22 | BIBilibili Inc.BILI | Target | $23 | ||
| Sep 21 | AT&T Inc.T | Upgrade | Neutral →Outperform | $28 →$30 | |
| Sep 21 | MTVail Resorts, Inc.MTN | Downgrade | Outperform →Neutral | $135 | |
| Sep 18 |  Reddit, Inc.RDDT | Target | $180 | Nick Jones | |
| Sep 18 | HMHonda Motor Co., Ltd.HMC | Target | $34 | ||
| Sep 18 | XMXometry, Inc.XMTR | Target | $120 | Nick Jones | |
| Sep 17 |  Fluence Energy, Inc.FLNC | Reiterate | Underperform | ||
| Sep 15 | LKLKNCY | Target | $48 | Mark Yuan | |
| Sep 11 |  AMETEK, Inc.AME | Reiterate | Outperform |