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>Palo Alto Networks has moved deeper into AI security with its planned acquisition of Portkey, an AI gateway provider designed to manage and secure autonomous agent traffic across enterprise systems.</li><li>The transaction, expected to close in fiscal Q4 2026 subject to customary conditions, comes shortly after Palo Alto highlighted rapid adoption of Prisma AIRS, its AI security platform, which crossed 100 customers in Q2 FY2026 and built a nine-figure pipeline.</li><li>Portkey processes trillions of tokens per month with low latency and acts as a centralized control plane for AI workloads, giving enterprises visibility, routing, governance, and runtime security over AI transactions.</li></ul>

Palo Alto Networks has moved deeper into AI security with its planned acquisition of Portkey, an AI gateway provider designed to manage and secure autonomous agent traffic across enterprise systems.The transaction, expected to close in fiscal Q4 2026 subject to customary conditions, comes shortly after Palo Alto highlighted rapid adoption of Prisma AIRS, its AI security platform, which crossed 100 customers in Q2 FY2026 and built a nine-figure pipeline.Portkey processes trillions of tokens per month with low latency and acts as a centralized control plane for AI workloads, giving enterprises visibility, routing, governance, and runtime security over AI transactions.

Palo Alto Networks' Portkey Deal Targets The Agentic AI Attack Surface Prisma AIRS Was Missing!