Independent research on the U.S. markets, Baptista Research

Baptista Research

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. 

We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Independent research on the U.S. markets

Alphabet Q1 2026. Enterprise AI Demand Now The Primary Growth Driver For Google Cloud

Google Is Running Out of Money! Just Kidding! AI Capex Financing Versus Token Cost Decline.

AI Is a Bubble, Again? Stocks Aren’t Expensive. Hyperscalers’ Future Revenue Tells a Different Story

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>The most recent quarterly reporting results of Alphabet Inc. showcased a strong performance and significant achievements across the company's diverse portfolio, punctuated by high revenue growth and strategic investments, particularly in AI technology.</li><li>Alphabet’s fourth-quarter results were particularly robust, with consolidated revenues reaching $113.8 billion, marking an 18% increase year-over-year.</li><li>The full-year revenue surpassed $400 billion for the first time, with continued strength across its core segments such as Google Services, Cloud, and YouTube.</li></ul>

The most recent quarterly reporting results of Alphabet Inc. showcased a strong performance and significant achievements across the company's diverse portfolio, punctuated by high revenue growth and strategic investments, particularly in AI technology.Alphabet’s fourth-quarter results were particularly robust, with consolidated revenues reaching $113.8 billion, marking an 18% increase year-over-year.The full-year revenue surpassed $400 billion for the first time, with continued strength across its core segments such as Google Services, Cloud, and YouTube.

Alphabet’s Cloud Momentum Is Exploding—And the $240 Billion Backlog Tells The Real Story!