Needham
Needham & Company, LLC
Needham & Company is an employee-owned New York investment bank and broker-dealer focused on growth companies, owned by The Needham Group. Its equity research is known for small- and mid-cap technology, semiconductor and life sciences coverage.
Company history
George A. Needham co-founded Needham & Company in New York in 1985 as an investment bank for small- and mid-cap growth companies. He founded Needham Asset Management in 1992, and Needham & Company, Inc. later became The Needham Group, Inc., the holding company for the broker-dealer, now Needham & Company, LLC, and the asset-management business. The group is independent and employee-owned, with offices in Boston, Minneapolis, San Francisco and Miami.
- 1985Co-founded in New York by George A. Needham
- 1992Needham Asset Management founded
Research
Needham publishes equity research on more than 450 public companies in about 20 sectors as of 2025, with particular depth in semiconductors, software and life sciences. Ratings are Strong Buy, Buy, Hold and Underperform, each defined against the broader market's average total return over 12 months; Strong Buy also requires outperforming the analyst's coverage universe. About 73% of covered companies carried Buy-equivalent ratings in May 2024.
Coverage12M
- Stocks
- 516
- Ratings
- 1,756
- Price targets
- 699
- Median upside
- +27.0%
- Upgrades
- 36
- Downgrades
- 35
- Initiations
- 30
- Reiterations
- 1,655
- Targets raised
- 355
- Targets cut
- 190
- Positive86%423
- Neutral14%70
- Negative0%1
Sectors
Ratings
Listing
Activity24M
Most covered24M
| Stock | Rating | Target |
|---|---|---|
 TTMITTM Technologies, Inc. | Buy | $175 |
 HOODRobinhood Markets, Inc. | Buy | $120 |
 GOOGLAlphabet Inc. | Buy | $450 |
 APLDApplied Digital Corporation | Buy | $83 |
 ROKURoku, Inc. | Buy | $170 |
 RVMDRevolution Medicines, Inc. | Buy | $275 |
 AXAxos Financial, Inc. | Buy | $128 |
 AXSMAxsome Therapeutics, Inc. | Buy | $268 |
 CIENCiena Corporation | Buy | $520 |
 TMDXTransMedics Group, Inc. | Buy | $106 |
Analysts24M
- Quinn BoltonSITM · MPWR · UCTT47
- James RicchiutiTTMI · PI · OLED35
- Mayank TandonAGYS · GLOB · CSGP33
- Scott BergDOCS · GLBE · KVYO33
- Mike CikosCRWD · NTNX · SNOW31
- Mike MatsonTFX · VCYT · BSX31
Recent actions
| Stock | Rating action | Rating | Target | Date |
|---|---|---|---|---|
 Brinker International, Inc.EAT | Initiate | Buy | Sep 22 | |
| IRIRadimed CorporationIRMD | Initiate | Hold | Sep 22 | |
| BFButterfly Network, Inc.BFLY | Initiate | Buy | $10 | Sep 22 |
| GEGE HealthCare Technologies Inc.GEHC | Initiate | Buy | $93 | Sep 22 |
| VIVicor CorporationVICR | Reiterate | Buy | Sep 22 | |
 AT&T Inc.T | Initiate | Buy | Sep 21 | |
| TTM Technologies, Inc.TTMI | Target | $208 →$175 | Sep 21 | |
| NNNano Nuclear Energy IncNNE | Initiate | Buy | $33 | Sep 21 |
 McDonald's CorporationMCD | Reiterate | Buy | Sep 21 |
Similar coverage12M
References
- About Us - Needham & Companyneedhamco.com
- Equity Research - Needham & Companyneedhamco.com
- Patrick Malloy - Needham & Companyneedhamco.com
- A Decade of Growth - Needham Fundsneedhamfunds.com
- The Needham Funds post-effective amendment (SEC, 2007)sec.gov
- Needham research report on Gilat Satellite Networks (rating definitions, 2024)gilat.com