16 up-and-comers in equity research making calls on everything from cannabis to clean energy

From left Will Nance, Neena Bitritto-Garg, Corinne Blanchard, and Michael Elias — Will Nance, Neena Bitritto-Garg, Corinne Blanchard, and Michael Elias.
Goldman Sachs; Citi; Cowen; Deutsche Bank; Sean Gladwell/Getty; Savanna Durr/Insider

Meet Insider's lineup of up-and-coming talent in the world of equity research.
We selected 16 analysts 35 and under covering a variety of sectors.
The group hails from top Wall Street firms including JPMorgan, Morgan Stanley, and Goldman Sachs.

"Pick your spots and wear a helmet," Bernstein analysts led by Nikhil Devnani said in a report to clients in late May, launching coverage of US emerging internet companies — a batch of stocks like DoorDash, Zillow, and Etsy that have plunged this year.

The 111-page report captured a high-stakes market theme. So-called growth stocks like those, once the market's high-flying winners, are struggling as investors seek out profitable, steady names, while experts see risks of a recession rising in the US.

"The market is scrutinizing whether these are viable economic models to begin with. We think the companies we cover are," but their financials are muddled by spending on growth initiatives, the analysts wrote. "The onus is now on them to prove it," they added.

The analysis also served as a debut of sorts for Devnani, 28, in the analyst's seat for the first time after rising through the ranks at Bernstein since 2016. Devnani is one of Insider's 2022 up-and-coming equity analysts on Wall Street, a crop of rising stars selected at a moment when a turbulent market — the worst first half of the year since 1970, to be precise — is testing stock analysts' calls.

Insider's annual list this year features an analyst who set out to become a physicist but found a love for investment research, one who has followed the upstart brokerage Robinhood since its initial public offering, an analyst who was early to covering cannabis, and another whose passion for tracking food-and-beverage stocks has roots in cooking with his mother as a child.

To qualify for the list, analysts had to be 35 years old or younger, based in the US, work in sell-side equity research at a Wall Street firm, and stand out from peers through their work. Insider editors selected the finalists from nominations submitted by colleagues, bosses, and investors. Reporters interviewed each analyst about their careers and the sectors they covered.