AnalystsInsight

Douglas Tsao (H.C. Wainwright): Analyst Track Record and Price‑Target Accuracy

Douglas Tsao is one of the top‑ranked analysts in Exent’s 7‑year backtest. What Douglas covers, how Douglas’s ratings lean, how fast price targets were reached and the ratings from before the last 30 days; the full record and the newest calls are members‑only.

Reviewed by:David, Senior AnalystPublished Oct 12, 2026Updated Oct 18, 20262 min readHow we research

What changed since Oct 12

Exent re-checks this page every day. Ratings appear 30 days after they are published; live calls are in Gems.

+1 new rating (stocks members‑only)

Key takeaways

Douglas Tsao ranks among the top 50 healthcare analysts in Exent’s ranking, scored on a 7‑year backtest.
The exact rank, price‑target hit rate and live calls are members‑only in Exent Gems.
Most‑covered stocks: IRON, RZLT, PRAX, PTGX.
In the past year Douglas’s ratings were 88% Buy, 12% Hold and 0% Sell.

In this article

Douglas Tsao’s track record at a glance
How fast price targets were reached
Stocks Douglas Tsao covers most
Douglas Tsao’s latest ratings
How Exent scores analysts

Douglas Tsao’s track record at a glance

Douglas Tsao of H.C. Wainwright ranks among the top 50 healthcare analysts in Exent’s ranking, with a focus on healthcare. The top of the ranking is what Exent Gems follows, so Douglas’s exact rank, hit rate and live calls are for members.

Metric	Douglas Tsao	All analysts
Exent rank		—
Price‑target hit rate		52.4%
Calls up after 12 months		64.0%
Median 12‑month return of calls		+13.4%
Median days to hit target		91 days
Stocks covered	31	—

Unlock the full record in Gems

How fast price targets were reached

Time to reach the target	Douglas Tsao
Under 30 days	16.9%
30–90 days	25.8%
90–180 days	26.5%
Over 180 days	30.8%

Share of the targets that were reached, by how long they took. Targets are usually set for 12 months.

Stocks Douglas Tsao covers most

IRON · RZLT · PRAX · PTGX · ARGX · STO-HNSA · ROIV · PCRX

In the past year Douglas’s ratings were 88% Buy, 12% Hold and 0% Sell.

Douglas Tsao’s latest ratings

Date	Stock	Action	Rating	Price target
Sep 18, 2026	XENE	Reiterated: Buy	Buy	$74.00
Sep 10, 2026	BHVN	Reiterated: Hold	Hold	$10.00
Sep 10, 2026	IRON	Reiterated: Buy	Buy	$120.00
Sep 9, 2026	RZLT	Reiterated: Buy	Buy	$5.00
Sep 9, 2026	ROIV	Rated: Buy	Buy	$47.00
Sep 1, 2026	CABA	Reiterated: Buy	Buy	$16.00
Sep 1, 2026	PTGX	Rated: Buy	Buy	$170.00
Aug 28, 2026	ROIV	Reiterated: Buy	Buy	$41.00
Aug 26, 2026	BHVN	Reiterated: Hold	Hold	$10.00
Aug 25, 2026	EOLS	Reiterated: Buy	Buy	$13.00
Aug 24, 2026	NMRA	Reiterated: Buy	Buy	$7.00
Aug 24, 2026	ARGX	Reiterated: Buy	Buy	$1202.00

Sep 18, 2026
Stock
XENE
Action
Reiterated: Buy
Rating
Buy
Price target
$74.00
Sep 10, 2026
Stock
BHVN
Action
Reiterated: Hold
Rating
Hold
Price target
$10.00
Sep 10, 2026
Stock
IRON
Action
Reiterated: Buy
Rating
Buy
Price target
$120.00
Sep 9, 2026
Stock
RZLT
Action
Reiterated: Buy
Rating
Buy
Price target
$5.00
Sep 9, 2026
Stock
ROIV
Action
Rated: Buy
Rating
Buy
Price target
$47.00
Sep 1, 2026
Stock
CABA
Action
Reiterated: Buy
Rating
Buy
Price target
$16.00
Sep 1, 2026
Stock
PTGX
Action
Rated: Buy
Rating
Buy
Price target
$170.00
Aug 28, 2026
Stock
ROIV
Action
Reiterated: Buy
Rating
Buy
Price target
$41.00
Aug 26, 2026
Stock
BHVN
Action
Reiterated: Hold
Rating
Hold
Price target
$10.00
Aug 25, 2026
Stock
EOLS
Action
Reiterated: Buy
Rating
Buy
Price target
$13.00
Aug 24, 2026
Stock
NMRA
Action
Reiterated: Buy
Rating
Buy
Price target
$7.00
Aug 24, 2026
Stock
ARGX
Action
Reiterated: Buy
Rating
Buy
Price target
$1202.00

Ratings from the last 30 days are members‑only in Exent Gems, with the stocks where several top‑ranked analysts agree; older ratings are shown in full.

See the latest ratings in Gems

How Exent scores analysts

Exent replays every rating with a price target over a 7‑year lookback: was the target reached, how long it took, and what the stock returned 1, 3, 6 and 12 months after the call. The star rating and rank combine success rate, average return and the number of ratings, so a few lucky calls do not make a top analyst. Statistics as of Jun 24, 2026; ranking updated Oct 20, 2026. How accurate are analyst price targets overall?

Past performance does not guarantee future results. Historical figures are calculated by Exent from market data and are for education only; they are not investment advice or a recommendation to buy or sell any security.

Follow the analysts with the best records

Exent Gems shows Douglas Tsao’s full record and latest ratings, without the 30‑day delay.
Gems are the stocks where several 4★+ analysts agree: Exent’s shortlist of high‑conviction ideas.
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Frequently asked questions

By Exent’s scoring, Douglas Tsao ranks among the top 50 healthcare analysts in Exent’s ranking, based on a 7-year backtest of price-target hit rate, returns after calls and number of ratings. The exact rank, hit rate and live calls are members-only in Exent Gems (exent.ai/radar). Past accuracy does not guarantee future accuracy.

Douglas Tsao’s price-target hit rate is part of the members-only record in Exent Gems (exent.ai/radar). For comparison, the average analyst’s price targets were reached 52.4% of the time.

Douglas Tsao (H.C. Wainwright) covers 31 stocks, mostly in healthcare. The most frequently rated are IRON, RZLT, PRAX, PTGX, ARGX.

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What changed since Oct 12

Key takeaways

Are Analyst Price Targets Accurate? 7 Years of Data

How to Follow Wall Street Analysts the Smart Way: Track Records, Not Headlines

What Are Exent Gems? Top‑Analyst Agreement Explained