Cantor Fitzgerald
Cantor Fitzgerald, L.P.
Cantor Fitzgerald is a privately held New York investment bank and brokerage controlled by the Lutnick family. Its equity research covers more than 500 companies, concentrated in healthcare and technology.
Company history
Bernard Gerald Cantor and John Fitzgerald founded the firm in 1945; in 1972 it became the first electronic marketplace for U.S. government securities. Howard Lutnick was named chief executive in 1991 and rebuilt the firm after the September 11, 2001 attacks killed 658 employees at its World Trade Center offices. It spun off BGC Partners in 2004. In 2025 Lutnick became U.S. Commerce Secretary; his son Brandon became chairman and three co-chief executives took over Cantor Fitzgerald & Co.
- 1945Founded by Bernard Gerald Cantor and John Fitzgerald
- 1972Launched first electronic marketplace for U.S. government securities
- 1991Howard Lutnick named president and chief executive
- 2001Lost 658 employees in the September 11 attacks
- 2004Spun off voice brokerage business as BGC Partners
- 2025Brandon Lutnick named chairman as Howard Lutnick joined government
Research
Cantor's equity research covers more than 500 companies across healthcare, technology, financials and industrials as of 2026, with teams in biotechnology, healthcare services, large-cap biopharma, medical devices, software, semiconductors, fintech, crypto mining and blockchain, industrial technology and metals and mining. Ratings are absolute: Overweight for an expected 12-month total return above 15%, Neutral for −10% to 15%, and Underweight below −10%.
Coverage12M
- Stocks
- 539
- Ratings
- 1,267
- Price targets
- 930
- Median upside
- +19.7%
- Upgrades
- 29
- Downgrades
- 32
- Initiations
- 48
- Reiterations
- 1,158
- Targets raised
- 415
- Targets cut
- 249
- Positive74%358
- Neutral25%120
- Negative1%4
Sectors
Ratings
Listing
Activity24M
Most covered24M
| Stock | Rating | Target |
|---|---|---|
 TSLATesla, Inc. | Overweight | $485 |
 AMZNAmazon.com, Inc. | Overweight | $320 |
 AMATApplied Materials, Inc. | Overweight | $850 |
 NVDANVIDIA Corporation | Overweight | $350 |
 BKNGBooking Holdings Inc. | Neutral | $220 |
 CRWDCrowdStrike Holdings, Inc. | Overweight | $250 |
 GOOGLAlphabet Inc. | Overweight | $420 |
 TXNTexas Instruments Incorporated | Neutral | $340 |
 WDCWestern Digital Corporation | Overweight | $900 |
 KLACKLA Corporation | Overweight | $325 |
Analysts24M
- Deepak MathivananBKNG · AMZN · ETSY67
- Thomas BlakeyTEAM · SNOW · ESTC43
- Richard AndersonEGP · CSR · SBRA38
- Brett KnoblauchCLSK · HIVE · MARA36
- Jonathan RuykhaverS · OKTA · CRWD33
- Ramsey El-AssalAFRM · BETR · XYZ30
Recent actions
| Stock | Rating action | Rating | Target | Date |
|---|---|---|---|---|
| IDIDEAYA Biosciences, Inc.IDYA | Reiterate | Overweight | Sep 22 | |
| FOFormFactor, Inc.FORM | Reiterate | Overweight | Sep 22 | |
 Camtek Ltd.CAMT | Reiterate | Neutral | $120 →$175 | Sep 22 |
| AEAdvanced Energy Industries, Inc.AEIS | Reiterate | Overweight | Sep 22 | |
| AVAvePoint, Inc.AVPT | Reiterate | Overweight | Sep 22 | |
| PTPTC Therapeutics, Inc.PTCT | Target | $130 →$137 | Sep 22 | |
 Summit Therapeutics Inc.SMMT | Reiterate | Overweight | Sep 22 | |
| AVArriVent BioPharma, Inc. Common StockAVBP | Reiterate | Overweight | Sep 22 | |
 Merck & Co., Inc.MRK | Reiterate | Neutral | Sep 22 | |
| ANAnaptysBio, Inc.ANAB | Reiterate | Overweight | Sep 22 | |
| LPLipocine Inc.LPCN | Reiterate | Overweight | Sep 22 |
Similar coverage12M
References
- Cantor Fitzgerald – Wikipediaen.wikipedia.org
- Equity Research | Cantorcantor.com
- Howard Lutnick Confirmed as 41st United States Secretary of Commerce (Cantor, 2025)cantor.com
- Who We Are | Cantorcantor.com
- Cantor Fitzgerald Reiterates Overweight Rating on Prenetics – Cantor rating system (2025)ir.prenetics.com