- German trading and investing platform NAGA has announced a strategic partnership with stock research company TipRanks.
- The partnership will bring advanced stock analysis and institutional-grade research tools to retail investors.
- Founded in 2012, TipRanks won Best of Show in its Finovate debut at FinovateSpring 2013. The company took home Best of Show honors again at FinovateFall later that year.
Germany-based fintech NAGA has teamed up with stock research firm TipRanks. The strategic partnership will bring advanced stock analysis and institutional-grade research tools to retail investors.
“We are delighted to partner with NAGA. Both our companies are laser-focused on making data and information more readily available to all investors,” TipRanks CEO Uri Gruenbaum said. “We believe technology has an important role to play in improving outcomes for every investor, giving individuals access to the tools and insights that were once only the domain of large-scale institutions.”
The partnership will enable NAGA users to access detailed forecasts from industry analysts. This includes specific price targets for stocks, as well as recommendations for stocks over varying time periods. The partnership will also allow users to better see how hedge funds are investing in different markets, and how well the managers of those funds are performing.
Users will also benefit from TipRanks’ enhanced Smart Score solution. Smart Score ranks stocks from one to 10 based on eight key factors, including how the stock is viewed by top-performing stock analysts, whether or not hedge funds are in the process of accumulating or distributing the stock, and more. Enhancements have made the tool faster and easier to use when evaluating stocks and making buy and sell decisions.
“Our collaboration with TipRanks will yield significant benefits for our users,” NAGA CMO Valentin Ilioi said. “These enhancements represent our commitment to providing innovative tools that give our traders a competitive edge. By continually improving our platform with TipRanks’ insights, we’re ensuring NAGA remains at the forefront of social trading innovation.”
All-in-one trading platform NAGA facilitates trading and investing in more than 4,000 assets including CFDs on stocks, Forex, indicies, commodities, exchange-traded funds (ETFs), bonds, and cryptocurrencies. NAGA also offers social trading which includes an Autocopy tool that enables traders and investors to benefit from the experience of other traders and investors by following and copying their market moves. With more than 1.5 million users on its platform, NAGA is headquartered in Hamburg, Germany, and was founded in 2015.
Founded in 2012, TipRanks won Best of Show in its Finovate debut at FinovateSpring 2013 in San Francisco. The startup scored a second Best of Show award when the company returned to the Finovate stage for FinovateFall later that same year. Most recently, the Tel Aviv-based firm launched Spark AI, a comprehensive AI-powered stock analyst solution that provides data-driven insights on penny stocks and blue chip equities alike. The technology generates reports that detail strengths, risks, financials, and peer comparisons to give traders and investors the information they need in order to make better buy and sell decisions in the market.