Evercore ISI
Evercore ISI is the equities arm of New York investment bank Evercore Inc., pairing macro, policy and fundamental research with institutional sales and agency trading. It ranked No. 1 on a weighted basis in Extel (formerly Institutional Investor) All-America Research surveys from 2022 to 2025.
Activity24M
RatingsPrice targetsKey figures
- Stocks covered
- 70012M
- Actions
- 3,48412M
- Ratings / Price targets
- 2,027 / 1,457
- Upgrades / Downgrades
- 64 / 69
- Initiations
- 27
- Buy-rated
- 64%of 663 rated
- Median upside
- +13.5%
- Targets raised / lowered
- 772 / 482
- On record
- Feb 2012 – Sep 2026
Overview
When Evercore and ISI combined in 2014, the research platform covered about 620 companies across 12 industries. In 2025, its sales team served more than 1,200 institutional clients, and 44 analysts were ranked in the Extel survey, including 14 at No. 1. Evercore's 2025 annual report describes research as central to the platform's sales business.
Economists Ed Hyman and Nancy Lazar founded International Strategy & Investment (ISI) in 1991. Evercore, founded by Roger Altman in 1995, began U.S. institutional equities operations in June 2010. In October 2014 Evercore acquired ISI's operating businesses and the roughly 40% of its equities unit it did not already own, combining them as Evercore ISI with Hyman as chairman. It operates alongside Evercore's advisory investment banking business.
Milestones
- 1991
Ed Hyman and Nancy Lazar found ISI
- 1995
Roger Altman founds Evercore
- 2010
Evercore launches U.S. institutional equities business
- 2014
Evercore acquires ISI, forming Evercore ISI
- 2025
No. 1 weighted in Extel All-America survey, fourth straight year
Firm facts
- Legal name
- Evercore Group L.L.C.
- Type
- Full-service
- Founded
- 1991
- Headquarters
- New York, United States
- Parent
- Evercore Inc.
- Listing
- NYSE: EVR
- Chief Executive Officer, Evercore ISI
- Mike Paliotta
- Director of Research
- Marc Harris
- Rating scale
- OutperformIn LineUnderperform12 months
- Also filed as
- Evercore ISI Group
- Website
- evercore.com
Research philosophy
Our Street-leading Macro franchise lies at the center of our research process and sets the stage for our fundamental views of the markets.
Economics, Washington policy and technical analysis teams complement Evercore ISI's fundamental coverage of healthcare, technology, financials, industrials, consumer, energy and real estate. Evercore's 2025 annual report describes the business as an independent source of equity and macroeconomic research. Several sector teams gather their own data through fieldwork, dealer surveys and proprietary leading indicators. As of 2026, a dedicated team also surveys companies, investors, U.S. states, and teens and young adults to assess economic conditions and market sentiment.
Rating methodology
Stocks are rated Outperform, In Line or Underperform based on expected 12-month total returns relative to the analyst's coverage sector.
Coverage12M
Sectors
Most covered24M
| Stock | Rating | Target |
|---|---|---|
 Target CorporationTGT | In Line | $170 |
 CarMax, Inc.KMX | In Line | $45 |
 Five Below, Inc.FIVE | In Line | $260 |
 Dollar General CorporationDG | In Line | $140 |
 Casey's General Stores, Inc.CASY | Outperform | $775 |
 Dollar Tree, Inc.DLTR | Outperform | $140 |
 Sprouts Farmers Market, Inc.SFM | Outperform | $95 |
 T. Rowe Price Group, Inc.TROW | In Line | $118 |
 Apple Inc.AAPL | Outperform | $380 |
 Carvana Co.CVNA | In Line | $75 |
Most active analysts
- Steve Sakwa61 notesEGPBXPAMH
- Mark Mahaney56 notesEVRDUOLNFLX
- Jonathan Chappell54 notesJBHTSTNGUPS
- Vijay Kumar45 notesABAXDHR
- Glenn Schorr38 notesBLKJPMC
- John Pancari37 notesAXPCFGPNC
Recent actions
| Date | Stock | Rating action | Rating | Target | Analyst |
|---|---|---|---|---|---|
| Sep 22 |  Costco Wholesale CorporationCOST | Reiterate | Outperform | ||
| Sep 22 |  Evercore Inc.EVR | Reiterate | Outperform | ||
| Sep 22 | ALAllegion plcALLE | Reiterate | Outperform | $180 | Alexander Virgo |
| Sep 22 | RARalliant Corp.RAL | Reiterate | Outperform | ||
| Sep 21 |  AT&T Inc.T | Upgrade | Perform →Outperform | ||
| Sep 21 |  Constellation Brands, Inc.STZ | Target | $175 →$160 | ||
| Sep 21 | WPW. P. Carey Inc.WPC | Target | $77 →$75 | ||
| Sep 21 | WEWelltower Inc.WELL | Reiterate | Outperform | $260 →$256 | James Kammert |
| Sep 21 | VTVentas, Inc.VTR | Target | $95 →$100 | ||
| Sep 21 | VIVICI Properties Inc.VICI | Target | $32 →$30 |