New Street Research
New Street Research is an independent, partner-owned research boutique covering technology, media and telecommunications worldwide from London, New York and Singapore. It is best known for telecom, cable, tower and satellite research and, since 2018, technology infrastructure and semiconductors.
Activity24M
RatingsPrice targetsKey figures
- Stocks covered
- 11212M
- Actions
- 13312M
- Ratings / Price targets
- 14 / 119
- Upgrades / Downgrades
- 5 / 6
- Buy-rated
- 50%of 12 rated
- Median upside
- +16.6%
- Targets raised / lowered
- 18 / 10
- On record
- Sep 2016 – Sep 2026
Overview
In 2017, New Street published research on more than 150 telecom companies for more than 200 institutional clients. Several of its senior analysts have held top positions in Institutional Investor rankings. The firm says its business model allows it to spend more on people and data than its rivals, and it recruits from consulting, engineering and policy as well as finance.
Iain Johnston, formerly global head of telecom research at J.P. Morgan, founded New Street Research in London in 2003 as a communications-services specialist. The firm added technology infrastructure coverage in 2018 when Pierre Ferragu joined from Bernstein. David Barden joined from Bank of America in 2025 to lead North American telecom research. In May 2026, New Street launched its Space Economy and Infrastructure research practice.
Milestones
- 2003
Founded in London by Iain Johnston
- 2018
Launches technology infrastructure coverage with Pierre Ferragu
- 2025
David Barden joins to lead North American telecom research
- 2026
Launches Space Economy and Infrastructure research practice
Firm facts
- Legal name
- New Street Research LLP
- Type
- Independent research
- Founded
- 2003
- Headquarters
- London, United Kingdom
- Rating scale
- BuyNeutralSell
- Also filed as
- New Street
- Website
- newstreetresearch.com
Research philosophy
We believe our work is only truly valuable when it uncovers insights that others have missed.
New Street Research says it concentrates its resources on a few issues where its analysts can offer a distinct perspective and where the outcome matters to clients. A data analytics team supports its sector research, and the firm says it builds its own datasets when the information it needs does not exist. Its 2025 independence policy states that analysts' pay is not tied to specific transactions.
Rating methodology
Stocks are rated Buy, Neutral or Sell, with price targets.
Coverage12M
Sectors
Most covered24M
Most active analysts
- Brian Bedell2 notesBKBNY
- David Konrad2 notesBKBNY
- Vivek Juneja2 notesBKBNY
- Betsy Graseck2 notesBKBNY
- Pierre Ferragu2 notesMUSPCX
- Jason Goldberg2 notesBKBNY
Recent actions
| Date | Stock | Rating action | Rating | Target | Analyst |
|---|---|---|---|---|---|
| Sep 16 | CTCorteva, Inc.CTVA | Target | $95 | ||
| Sep 15 | NYThe New York Times CompanyNYT | Target | $31.50 →$82 | ||
| Sep 14 |  New Jersey Resources CorporationNJR | Target | $54 →$68 | ||
| Sep 4 |  Planet Labs PBCPL | Upgrade | Sell →Neutral | ||
| Sep 3 |  Flutter Entertainment plcFLUT | Target | $210 →$110 | ||
| Aug 27 |  Okta, Inc.OKTA | Target | $200 | ||
| Aug 24 |  Daqo New Energy Corp.DQ | Target | $18.13 →$10 | Mengwen Wang | |
| Aug 24 | TLTalen Energy CorporationTLN | Target | $405 | ||
| Aug 21 | TETEF | Downgrade | Reduce →Sell | ||
| Aug 21 | SNSNNRF | Downgrade | Sell | ||
| Aug 20 | SMSemtech CorporationSMTC | Target | $230 | ||
| Aug 20 |  Autodesk, Inc.ADSK | Target | $277 |