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

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>AT&T continues to demonstrate steady progress in its strategic transformation toward advanced connectivity, driven primarily by fiber and 5G investments.</li><li>In the first quarter of 2026, the company reported solid operational results aligned with prior guidance, highlighting fiber and fixed wireless customer net additions of 584,000, marking its best-ever first quarter performance and sustaining a six-quarter streak of over 500,000 net adds.</li><li>The convergence of wireless and internet services remains a focal point, with about 42% of advanced home internet customers also subscribing to AT&T wireless services—a figure nearing 45% organically—reflecting a faster-than-ever year-over-year increase.</li></ul>

AT&T continues to demonstrate steady progress in its strategic transformation toward advanced connectivity, driven primarily by fiber and 5G investments.In the first quarter of 2026, the company reported solid operational results aligned with prior guidance, highlighting fiber and fixed wireless customer net additions of 584,000, marking its best-ever first quarter performance and sustaining a six-quarter streak of over 500,000 net adds.The convergence of wireless and internet services remains a focal point, with about 42% of advanced home internet customers also subscribing to AT&T wireless services—a figure nearing 45% organically—reflecting a faster-than-ever year-over-year increase.

AT&T: Copper Shutdown & Cost Cuts—A Massive Reset For Margin Expansion!