Summit Redstone Partners
Summit Redstone Partners is an independent US technology equity research boutique with no trading or investment banking business; its analysts now publish as Summit Insights Group of Summit, New Jersey, covering semiconductors, enterprise software and IT hardware.
Activity24M
RatingsPrice targetsKey figures
- Stocks covered
- 812M
- Actions
- 1112M
- Ratings / Price targets
- 0 / 11
- Median upside
- +19.9%
- Targets raised / lowered
- 2 / 3
- On record
- Jun 2016 – Sep 2026
Overview
The firm's analysts pair sell-side experience with earlier careers in the technology industry and cover semiconductors and semiconductor equipment, enterprise and security software, and IT hardware and storage. Coverage is led by semiconductor analyst KinNgai Chan and IT hardware and software analyst Srini Nandury. Summit Redstone Partners said in 2016 that each of its principal analysts had at least five years of hands-on industry experience before entering equity analysis.
Redstone Technology Research, founded in Berkeley Heights, New Jersey, in 2015, began operating as Summit Redstone Partners on 1 July 2016, when analysts Srini Nandury and Jonathan Kees joined from Summit Research; Jagadish Iyer and Nandury co-managed the firm. Nandury and semiconductor analyst KinNgai Chan now publish as Summit Insights Group, based in Summit, New Jersey.
Milestones
- 2015
Redstone Technology Research founded in Berkeley Heights, New Jersey
- 2016
Began operating as Summit Redstone Partners
Firm facts
- Type
- Independent research
- Founded
- 2015
- Headquarters
- Summit, United States
- Rating scale
- BuyHoldSell12 months
- Also filed as
- Summit Redstone
- Website
- summitinsightsgroup.com
Research philosophy
SRP’s analysts are well-schooled in financial modeling, but it’s their industry knowledge and native industry experience that sets them far apart from the standard Wall Street fare.
Summit Redstone combined company-specific coverage with regular reports on broader industry themes. Co-manager Jagadish Iyer described its aim as providing independent assessments of technology stocks alongside concrete investment ideas.
Rating methodology
Stocks are rated Buy, Hold or Sell according to expected performance relative to the broader market over the next 12 months.
Coverage12M
Sectors
Most covered24M
Most active analysts
- Yigal Nochomovitz2 notesSMMT
- Kelsey Goodwin1 notesSMMT
- Jeffrey Walch1 notesSMMT
- Alex Markgraff1 notesHOOD
- Etzer Darout1 notesSMMT
- Suji Desilva1 notesCRDO
Recent actions
| Date | Stock | Rating action | Target | Analyst |
|---|---|---|---|---|
| Sep 9 |  Summit Therapeutics Inc.SMMT | Target | $11.90 →$25 | Faisal Khurshid |
| Aug 25 | Summit Therapeutics Inc.SMMT | Target | $18 →$11.90 | Jeffrey Walch |
| Aug 3 |  Summit Midstream Corp.SMC | Target | $47 →$39 | |
| May 27 | WDWorkday, Inc.WDAY | Target | $275 | |
| May 22 |  Inspire Medical Systems, Inc.INSP | Target | $39 | |
| Apr 17 |  Adobe Inc.ADBE | Target | $410 →$350 | |
| Dec 18, 2025 | Summit Midstream Corp.SMC | Target | $47 | Mark Reichman |
| Dec 17, 2025 | Summit Therapeutics Inc.SMMT | Target | $13 →$18 | Etzer Darout |
| Nov 4, 2025 |  Summit Hotel Properties, Inc.INN | Target | $4.50 | Dany Asad |
| Oct 15, 2025 |  Marvell Technology, Inc.MRVL | Target | $105 | |
| Oct 9, 2025 |  Burke & Herbert Financial Services Corp.BHRB | Target | $71 | |
| Sep 16, 2025 | Summit Therapeutics Inc.SMMT | Target | $21 →$13 |