Pivotal Research
Pivotal Research Group is a New York-based independent equity research firm and registered investment adviser, known for its coverage of internet, media, cable and communications stocks.
Activity24M
RatingsPrice targetsKey figures
- Stocks covered
- 1112M
- Actions
- 2612M
- Ratings / Price targets
- 12 / 14
- Upgrades / Downgrades
- 0 / 1
- Initiations
- 3
- Buy-rated
- 88%of 8 rated
- Median upside
- +38.1%
- Targets raised / lowered
- 5 / 3
- On record
- Apr 2012 – Sep 2026
Overview
Pivotal focuses on internet, media, sports, space and communications, including streaming platforms, cable operators and the Liberty Media group of companies. It covered 35 companies as of June 2020. The firm sells research to hedge funds and mutual funds and provides no investment-banking services. As of 2026, it says its analysts average more than 20 years of sector experience. Each serves a relatively small group of institutional clients, who work directly with the analyst rather than through sales or trading staff.
Jeffrey Wlodarczak, formerly a media and communications analyst at Donaldson, Lufkin & Jenrette, CIBC World Markets and Wachovia, founded Pivotal Research Group in New York in January 2010 with other sell-side research veterans. Its coverage has at times extended to advertising, technology, food, beverage, retail and apparel sectors alongside its core media and communications franchise. The firm remains privately held and research-only.
Milestones
- 2010
Jeffrey Wlodarczak founds Pivotal Research Group in New York
Firm facts
- Legal name
- Pivotal Research Group LLC
- Type
- Independent research
- Founded
- 2010
- Headquarters
- New York, United States
- Founder and Principal
- Jeffrey Wlodarczak
- Rating scale
- BuyHoldSell12 months
- Website
- pvtl.com
Research philosophy
Pivotal Research Group is a premier equity research company whose mission is to help our institutional clients generate alpha.
Pivotal emphasizes direct relationships between analysts and a limited number of institutional clients. It says this structure gives analysts time to serve clients without the sales demands, investment-banking obligations or routine production quotas associated with traditional sell-side roles.
Rating methodology
Ratings reflect expected absolute 12-month total return: Buy above 15%, Hold between plus and minus 15%, Sell below minus 15%.
Coverage12M
Sectors
Most covered24M
| Stock | Rating | Target |
|---|---|---|
 Netflix, Inc.NFLX | Buy | $96 |
 Amazon.com, Inc.AMZN | Buy | $333 |
 Alphabet Inc.GOOG | Buy | $420 |
 Alphabet Inc.GOOGL | Buy | $475 |
 Spotify Technology S.A.SPOT | Hold | $420 |
 Roku, Inc.ROKU | Buy | $160 |
 Comcast CorporationCMCSA | Buy | $48 |
 Meta Platforms, Inc.META | Buy | $780 |
 Space Exploration Technologies Corp.SPCX | Buy | $220 |
 TKO Group Holdings, Inc.TKO | Buy | $195 |
Most active analysts
- Jeffrey Wlodarczak11 notesGOOGNFLXLBTYA
- Keith Tapper1 notesTSHA
Recent actions
| Date | Stock | Rating action | Rating | Target | Analyst |
|---|---|---|---|---|---|
| Sep 8 | Netflix, Inc.NFLX | Initiate | Buy | ||
| Sep 8 |  Intel CorporationINTC | Initiate | Buy | ||
| Sep 8 | Space Exploration Technologies Corp.SPCX | Initiate | Buy | $220 | Jeffrey Wlodarczak |
| Aug 5 | Spotify Technology S.A.SPOT | Reiterate | Hold | ||
| Jul 31 | Amazon.com, Inc.AMZN | Reiterate | Buy | $320 →$333 | |
| Jul 23 | Alphabet Inc.GOOGL | Reiterate | Buy | $475 | |
| Jul 17 | Netflix, Inc.NFLX | Reiterate | Hold | ||
| Jun 23 | TSTaysha Gene Therapies, Inc.TSHA | Target | $14 | Keith Tapper | |
| May 4 | LBLBTYA | Target | $18 | Jeffrey Wlodarczak |