BWS Financial
Beating Wall Street, Inc.
BWS Financial is a Los Angeles independent equity research firm founded and run by analyst Hamed Khorsand, known for catalyst-driven calls on undervalued stocks with little or no Wall Street coverage; it accepts no payment from covered companies.
Company history
Hamed Khorsand started the firm in 2000 as Beating Wall Street, Inc. It first published a weekly investment newsletter and then managed money for individuals before narrowing its focus to independent equity research for institutional investors. Khorsand remains its principal and analyst.
- 2000Founded by Hamed Khorsand as Beating Wall Street, Inc.
Research
BWS follows a generalist, catalyst-driven approach, favoring companies with distinct value in special situations—new products, restructurings, M&A or management changes—not yet priced in, with many ideas in industrials, technology, media and telecom. Its subscription service was limited to 40 investors as of 2025. The firm does not own shares in covered companies, is not paid by them and issues Sell ratings when warranted; published ratings are Top Pick, Buy, Neutral and Sell.
Coverage12M
- Stocks
- 26
- Ratings
- 108
- Price targets
- 0
- Upgrades
- 1
- Downgrades
- 2
- Initiations
- 1
- Reiterations
- 104
- Positive85%22
- Neutral0%0
- Negative15%4
Sectors
Ratings
Listing
Activity24M
Most covered24M
| Stock | Rating | Target |
|---|---|---|
 ADEAAdeia Inc. | Buy | — |
 UIUbiquiti Inc. | Buy | — |
 GTXGarrett Motion Inc. | Buy | — |
 INODInnodata Inc. | Top Pick | — |
 IPARInter Parfums, Inc. | Sell | — |
 SDRLSeadrill Limited | Buy | — |
 HWKNHawkins, Inc. | Buy | — |
 NBISNebius Group N.V. | Buy | — |
 TRSTriMas Corporation | Buy | — |
 ECVTEcovyst Inc. | Buy | — |
Recent actions
| Stock | Rating action | Rating | Date |
|---|---|---|---|
| AZAzul S.A.AZUL | Reiterate | Buy | Sep 21 |
| TWTwist Bioscience CorporationTWST | Reiterate | Sell | Sep 18 |
| Innodata Inc.INOD | Reiterate | Top Pick | Sep 18 |
| INInspired Entertainment, Inc.INSE | Reiterate | Buy | Sep 16 |
| SSSS&C Technologies Holdings, Inc.SSNC | Reiterate | Buy | Sep 9 |
| MOMovado Group, Inc.MOV | Reiterate | Buy | Sep 1 |
| Ubiquiti Inc.UI | Reiterate | Buy | Aug 27 |
| JBJohn B. Sanfilippo & Son, Inc.JBSS | Reiterate | Buy | Aug 21 |
| Inter Parfums, Inc.IPAR | Downgrade | Buy →Sell | Aug 17 |
| AZAzul S.A.AZUL | Reiterate | Buy | Aug 17 |
| CECapstone Energy+, Inc.CEPL | Reiterate | Buy | Aug 17 |
| Inter Parfums, Inc.IPAR | Reiterate | Neutral | Aug 17 |
Similar coverage12M
References
- About - BWS Financialbwsfinancial.com
- Independent Research - BWS Financialbwsfinancial.com
- Khorsand, Hamed - The Wall Street Transcripttwst.com
- Get to Know a Guru - The Motley Foolfool.com
- BWS Financial Analyst Recommendations - MarketBeatmarketbeat.com