StoneX
StoneX is the equity research and investment banking brand of Nasdaq-listed StoneX Group, a New York–based financial services firm; its research franchise, acquired with The Benchmark Company in 2025 and moved under the StoneX name in 2026, covers more than 350 companies.
Activity24M
RatingsPrice targetsKey figures
- Stocks covered
- 1512M
- Actions
- 1512M
- Ratings / Price targets
- 15 / 0
- Upgrades / Downgrades
- 2 / 1
- Buy-rated
- 87%of 15 rated
- On record
- Sep 2026 – Sep 2026
Overview
As of 2026, StoneX's equity research spans more than 30 industries organized into six broad sectors. Coverage includes healthcare, industrials, technology, media and telecom, consumer, energy, cannabis and China-related stocks. A financial institutions team covering regional and community banks was added in June 2026. The firm says its senior analysts average more than two decades of research experience and that many previously worked in the industries they cover.
StoneX Group traces its origins to Saul Stone and Company, founded in Chicago in 1924, and took shape through the 2009 merger of International Assets Holding Corporation and FCStone; the company was renamed INTL FCStone in 2011 and StoneX Group in 2020. In August 2025 it acquired The Benchmark Company, a New York research, trading and investment banking firm founded in 1988, initially keeping the Benchmark brand. In September 2026 Benchmark's business began moving to affiliate StoneX Financial Inc.
Milestones
- 1924
Saul Stone and Company founded in Chicago
- 1988
The Benchmark Company founded in New York
- 2009
International Assets Holding and FCStone merge
- 2020
INTL FCStone renamed StoneX Group
- 2025
Acquires The Benchmark Company
- 2026
Benchmark business moves to StoneX Financial under StoneX name
Firm facts
- Legal name
- StoneX Financial Inc.
- Type
- Full-service
- Founded
- 1924
- Headquarters
- New York, United States
- Parent
- StoneX Group Inc.
- Listing
- Nasdaq: SNEX
- Chief Executive Officer, StoneX Group
- Philip Smith
- Rating scale
- BuySpeculative BuyHoldSell6–12 months
- Website
- stonex.com
Research philosophy
Our analysts emphasize primary research, drawing on conversations with industry sources, competitors and subject matter experts to provide differentiated company and sector insight for institutional investors.
StoneX says regulatory oversight, ethical standards and internal policies support its research independence. It points to the separation of research from investment banking and sales, and to protections for analysts who publish unfavorable reports.
Rating methodology
As Benchmark, the firm rated stocks Buy, Speculative Buy (market value below $100 million and/or higher financial risk), Hold or Sell against an analyst-defined sector index over 6–12 months.
Coverage12M
Sectors
Most covered24M
| Stock | Rating | Target |
|---|---|---|
 Broadcom Inc.AVGO | Buy | — |
 Cal-Maine Foods, Inc.CALM | Hold | — |
 CEVA, Inc.CEVA | Buy | — |
 DoorDash, Inc.DASH | Buy | — |
 eBay Inc.EBAY | Buy | — |
 Equity Bancshares, Inc.EQBK | Buy | — |
 Shift4 Payments, Inc.FOUR | Buy | — |
 Hello Group Inc.MOMO | Buy | — |
 Quanex Building Products CorporationNX | Buy | — |
 Securitize Corp.SECZ | Buy | — |
Recent actions
| Date | Stock | Rating action | Rating |
|---|---|---|---|
| Sep 21 | Shift4 Payments, Inc.FOUR | Reiterate | Buy |
| Sep 18 | Securitize Corp.SECZ | Reiterate | Buy |
| Sep 16 | TCTrip.com Group LimitedTCOM | Reiterate | Buy |
| Sep 14 | eBay Inc.EBAY | Reiterate | Buy |
| Sep 14 | CEVA, Inc.CEVA | Upgrade | Hold →Buy |
| Sep 10 | Quanex Building Products CorporationNX | Reiterate | Buy |
| Sep 10 |  Block, Inc.XYZ | Upgrade | Hold →Buy |
| Sep 8 |  Uber Technologies, Inc.UBER | Reiterate | Hold |
| Sep 8 | DoorDash, Inc.DASH | Reiterate | Buy |
| Sep 4 | Hello Group Inc.MOMO | Reiterate | Buy |
| Sep 4 | Cal-Maine Foods, Inc.CALM | Downgrade | Buy →Hold |
| Sep 4 | Equity Bancshares, Inc.EQBK | Reiterate | Buy |