By 2026, AI has transformed equity research, cutting down hours of manual data processing and enabling analysts to focus on deeper analysis. With 88% of organizations using AI and tools outperforming human fund managers, these platforms are now essential for staying competitive. Here’s a quick look at 10 AI tools reshaping the field:
- Calypso: Summarizes earnings calls, analyzes debates, and offers financial insights. Plans start at $10/month.
- Daloopa: Extracts financial data into Excel with 99%+ accuracy. Contact for pricing.
- Fiscal.ai: Real-time data and AI-powered summaries, starting at $39/month.
- AlphaSense: Access to 500M+ documents and expert call transcripts. Enterprise pricing.
- StockInsights AI: AI summaries of filings and custom workflows. Free and Pro plans available.
- TipRanks: Analyst ratings, insider tracking, and machine-learning signals. Custom pricing.
- Seeking Alpha Premium: Quant ratings and 10 years of financial data for $299/year.
- WallStreetZen: AI-driven stock grading and analyst rankings. Premium plan starts at $19.50/month.
- Trade Ideas: Holly AI provides daily trade ideas and backtesting. Premium plan at $178/month.
- FactSet — built-in genAI assistants (e.g., transcript/earnings workflows) to extract takeaways fast.
These tools streamline research by summarizing reports, automating data extraction, and providing actionable insights. Pricing varies widely, from free plans to enterprise solutions. Whether you're an individual investor or part of a research team, these platforms can save you hours while delivering precise, data-backed results.
10 AI Tools for Equity Research: Features and Pricing Comparison 2026
AI Co-Pilots in Investment Research: A New Era for Data and Alpha Generation
1. Calypso
Calypso is designed to streamline the work of equity analysts, focusing on extracting key insights from earnings calls and reports. It uses a GPT-4 class model tailored with data from leading public hedge funds, making it particularly effective for single-stock evaluations.
AI Opinions/Chats
The AI Chat feature eliminates the need to sit through lengthy 40-minute earnings webcasts. Instead, you can ask targeted questions about specific topics - like competitor mentions or keywords such as "Ozempic" - and get instant answers. Calypso also identifies and summarizes key debates among Wall Street analysts, offering insights into what both bullish and bearish investors are discussing ahead of an earnings report. This allows you to test your investment thesis against AI-driven interpretations of the stock's narrative.
In addition to quick answers, the platform enhances the depth of financial analysis.
Financial Insights
Calypso delivers financial data and valuations, including earnings previews and historical performance comparisons. Its AI Profiles feature breaks down intricate company descriptions and industry-specific terminology, making it easier to grasp a company’s core operations. You can also combine alternative data sources with traditional financial metrics, using custom notes to keep everything organized.
Pricing
Calypso has two subscription options. The Basic plan costs $10 per month and includes access to financials, news, and debates, along with 20 AI Opinions and 20 AI Chats per day. The Professional plan, priced at $399 per month, offers 400 AI Opinions and 400 AI Chats daily, plus live support for more demanding workflows.
2. Daloopa
Daloopa uses AI to simplify and speed up the process of extracting financial data from SEC filings, investor presentations, and earnings transcripts. This data is imported directly into Excel, cutting down on manual work. Plus, every data point links back to its source, allowing for quick, one-click verification.
Financial Insights
Daloopa supports over 5,000 tickers and delivers 4–10x more data points per ticker than traditional providers. Key financial metrics are updated in just minutes, with full model updates completed within 90 minutes. The platform boasts an impressive accuracy rate of over 99% across millions of data points. Its Updater feature keeps Excel models current with the latest disclosures while maintaining formatting and unit consistency.
For analysts, this translates into major time savings. During earnings season, they save an average of 2 hours per ticker, and building new models takes 70% less time. Daloopa's Scout AI Excel Agent further enhances efficiency by allowing users to create three-statement models, benchmark metrics, and update templates through natural language prompts - all within Excel. For instance, you could simply ask Scout to "Benchmark marketing spend across major QSRs", and it would gather comparable industry metrics without requiring manual input.
"I manage 30 models and the most stressful time is during earnings. I get faster updates with Daloopa than other tools I've used, which means I can spend time analyzing and prepping for calls."
– TMT Analyst, Equity Research Team, Investment Bank
These tools and features make Daloopa a standout solution, with pricing options tailored to different needs.
Pricing
Daloopa offers three plans:
- Free Plan: Includes up to 3 data sheet downloads.
- Standard Plan: Offers unlimited data sheet downloads, access to the Excel Add-in for one-click updates, and unlimited industry model downloads.
- Plus Plan: Adds near-instant key metric updates, incremental updates, and real-time data status with estimated times of arrival (ETAs).
For detailed pricing on the Standard and Plus plans, you'll need to contact Daloopa's sales team.
3. FactSet
FactSet’s newer AI layer (often branded around “Mercury”) is designed to speed up the most repetitive parts of equity research: skimming earnings calls, extracting key changes, and getting quick, source-linked answers inside the workflow you already use.
What it’s great at
- Earnings call compression: Transcript Assistant lets you chat with a transcript, use pre-built prompts, and pull out takeaways without listening end-to-end.
- “What changed?” in seconds: It can surface management guidance updates, themes, highs/lows, and other call-level summaries intended to accelerate first-pass reads.
- At-scale season coverage: Transcript Intelligence offers AI-generated (and described as human-approved) transcript summaries to keep up with volume.
- Natural-language Q&A via API: If you build internal tools, the Conversational API (powered by Mercury) answers many company/market questions from plain English prompts.
A simple 10-minute workflow (per company)
- Open the latest transcript → run a prompt for key themes + guidance changes.
- Ask targeted follow-ups: “What did they say about pricing?”, “What’s driving margin?” and pull exact passages to cite.
- Cross-check numbers in your model/data panels, then write the note using the AI summary as a drafting accelerator, not the source of truth.
Best fit
Earnings season triage, quick diligence on a name, “catch me up” briefs, and transcript-heavy coverage.
4. AlphaSense
AlphaSense leverages a multi-agent AI system to handle repetitive tasks and produce high-quality investment reports in seconds. It’s a trusted tool for 80% of top asset managers and 88% of the S&P 100, streamlining workflows by offering access to an extensive library of over 500 million financial and business documents.
AI Opinions/Chats
The platform’s Generative Search functions like an AI-powered analyst, answering natural-language questions with detailed responses and precise citations. Its Deep Research feature processes millions of documents to autonomously extract valuable insights. Another standout is Smart Summaries, which condenses earnings transcripts into essential takeaways, including company outlooks and bull/bear analyses. For broader tasks, the Generative Grid allows users to apply multiple AI prompts across numerous documents, creating structured comparison tables for earnings and competitive benchmarking. Together, these tools enhance AlphaSense’s already powerful data analytics suite.
Financial Insights
AlphaSense offers Wall Street Insights®, a premium collection of equity research from over 1,000 brokers, including major names like Goldman Sachs and Morgan Stanley. Its Sentiment Analysis assigns numeric scores to search terms, helping users monitor market tone changes over time. With access to research from more than 1,500 providers and data on over 1 million private companies, the platform delivers extensive market intelligence. Some firms have even reported reducing their expert network expenses by up to 40% after adopting AlphaSense.
Transcript Search
The platform includes over 240,000 expert call transcripts, enriched by Tegus interviews with industry professionals, competitors, and former executives. Its Smart Synonyms™ feature ensures comprehensive search results by recognizing related terms - searching for "TAM", for instance, will also surface results for "market size". Users can track quarterly regulatory updates and shifts in executive sentiment with ease.
"The search function and integrations for the platform are much better than using FactSet, CIQ, or Eikon to pull equity research." – Patrick D., Corporate Development Manager
Pricing
AlphaSense follows a subscription-based pricing model tailored to the size of the organization and number of users. New users can take advantage of a free two-week trial. Basic plans start at a few hundred dollars per month, while advanced packages with features like expert calls and in-depth analytics can cost several thousand dollars annually. Additional tools, such as expert calls and financial models, are available as optional add-ons.
5. StockInsights AI
StockInsights AI transforms company reports and earnings transcripts into actionable insights using Generative AI and Large Language Models. Covering both the U.S. and Indian markets, the platform earned recognition as an IFTA Finalist in 2024 for "Best Innovation in WealthTech". It is also supported by the NVIDIA Inception program and is a member of AWS Activate.
AI Opinions/Chats
The Chat with Filings feature allows analysts to ask natural language questions to extract specific data points directly from SEC filings and other disclosures. Instead of manually combing through lengthy documents, users can query filings and get instant, precise answers. Additionally, the platform generates automatic summaries of extensive financial reports, condensing complex information into easily digestible formats, saving analysts hours of time.
"stockinsights.ai brings the power of AI into the hands of every investor. It's now in my top 3 resources for my investment research. Whether search across filings or AI-powered summaries, it feels like having a super-smart analyst at your disposal." – Investment Analyst at an Asset Management Firm
These tools aim to simplify the research process and provide deeper financial insights.
Financial Insights
Beyond data extraction, StockInsights AI focuses on qualitative analysis to enhance due diligence and identify new investment opportunities. The 8K-Dashboard tracks Form 8-K disclosures in real time, sending email alerts for market-moving announcements. Teams can also integrate custom workflows through APIs, ensuring they stay informed about regulatory updates between quarterly earnings reports.
Pricing
- Free Plan: Includes 10 AI-summaries, 10 AI-searches per month for earnings calls and 10-K filings, access to the last 24 hours of 8-K filings, and watchlist support for up to 5 stocks, all at no cost.
- Pro Plan: Priced at $200 per year, this plan offers unlimited AI-summaries and searches, full access to the 8K-Dashboard, and watchlists for up to 700 stocks.
- Advanced Plan: Designed for teams needing custom screeners, data integrations, and dedicated support, this plan offers custom pricing.
Educational discounts are also available for student organizations and academic classes, making the platform more accessible to the next generation of analysts.
6. TipRanks
TipRanks leverages Spark to evaluate stocks based on fundamental, technical, and sentiment metrics. This allows the platform to generate research reports, even for smaller companies like micro-caps, making high-quality research more accessible.
The platform also provides specialized AI tools designed to simplify and enhance the research process.
AI Opinions/Chats
TipRanks distills Wall Street analyst reports into concise, bullet-point summaries of bullish and bearish perspectives. It also includes AI-driven feeds, such as AI Analyst Top Stocks, and tools specifically designed to track companies in the artificial intelligence space. On top of that, machine-learning signals rank stocks by their potential performance, helping users quickly identify promising opportunities.
Financial Insights
The platform's Smart Score algorithm evaluates stocks across eight key performance metrics, offering a straightforward 1–10 ranking system. Other features include Analyst Credibility Scores, which assess analysts based on their historical accuracy, and real-time sentiment tracking from news and social media. TipRanks also provides a daily Insider Trading Tracker to monitor corporate insider activities and an Expert Center for accessing high-probability investment ideas and benchmarking analyst performance.
Pricing
TipRanks offers tiered pricing to cater to different user needs. Options include a Premium Plan for individual investors, the more advanced TipRanks Pro for active researchers, and Enterprise Solutions with custom pricing for businesses.
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7. Seeking Alpha Premium
Seeking Alpha Premium provides Virtual Analyst Reports that generate clear, qualitative pros and cons, alongside metric rankings and stock ratings. These reports are automatically updated with the latest data and analysis to ensure users always have access to up-to-date research. Additionally, the platform enhances equity analysis with detailed rating systems and factor evaluations.
AI Opinions/Chats
The platform features three distinct rating systems: Quant, SA Author, and Sell-Side, along with Factor Grades that assess five key investment traits. Impressively, stocks labeled as "Strong Buy" have delivered a cumulative return of 203.96% from the system's inception through February 1, 2026, significantly outperforming the S&P 500's 68.16% during the same period.
Financial Insights
Subscribers gain access to ten years of historical financial statements, complete with year-over-year growth rates and margins. The Portfolio Health Score combines Quant Ratings across portfolios to provide an overall assessment. Advanced screeners for stocks and ETFs allow users to filter through over 4,000 options, including more than 1,300 equities that are often overlooked by mainstream research.
Transcript Search
With unlimited access to earnings call and event transcripts, users can search by themes and keywords. The platform's AI-powered natural language processing delivers "Key Insights" summaries and conducts sentiment analysis on management commentary, helping investors quickly identify critical points.
Pricing
Seeking Alpha Premium is available at an introductory price of $4.95 for the first month, followed by an annual subscription of $299 (about $24.92 per month). This subscription includes unlimited access to articles and transcripts, without any daily usage restrictions.
8. Fiscal.ai
Fiscal.ai delivers access to 20 years of annual financial data and over 40 quarters of global insights, covering more than 100,000 stocks, ETFs, and funds. With a user base exceeding 350,000 investors and backed by $13 million in funding, it tracks company-specific KPIs across 2,500+ markets. This high-speed data platform provides analysts with the tools to make quicker and more informed investment decisions. Let’s dive into how its AI-driven chat, financial insights, and transcript integration enhance equity research.
AI Opinions/Chats
The platform's Copilot AI chat tool uses advanced natural language processing tailored for financial contexts. It distinguishes between GAAP and non-GAAP terms and identifies potential risks buried in footnotes.
"We believe Fiscal.ai will define how the next generation of investors and institutions make better investment decisions."
– Jan Van Eck, CEO of VanEck Asset Management
Financial Insights
One standout feature is the "Click-thru Auditability", which links every data point directly to its original filing for U.S., Canadian, and ADR securities. It also provides consensus analyst forward estimates, price targets, ownership data from 13F filings, and insider transaction details. Impressively, this data is often available within minutes of a filing's release.
Transcript Search
Fiscal.ai consolidates earnings call audio, transcripts, slide decks, press releases, and investor day materials into a single interface. This eliminates the need for manual searches across multiple investor relations websites. Additionally, its AI identifies shifts in tone during management commentary across different quarters, helping analysts detect potential areas of concern or reduced confidence.
Pricing
Fiscal.ai offers three subscription tiers:
- Free Plan: $0/month, includes 10 years of financial data and access to one event.
- Pro Plan: $39/month, offers 15 years of financial data, access to 10 events, and 100 monthly Copilot AI prompts.
- Max Plan: $79/month, provides 20+ years of financial data, unlimited event access with full auditability, and 500 monthly Copilot AI prompts.
Annual plans come with a 20% discount (equivalent to two free months), and custom API pricing is available for institutional data feeds.
9. WallStreetZen
WallStreetZen employs a quantitative system that evaluates over 4,600 stocks daily, using 115 different factors to assign letter grades ranging from A (Strong Buy) to F (Strong Sell). Its AI Factor feature taps into a neural network trained on more than 20 years of fundamental and technical data, uncovering patterns in earnings, cash flow, and industry trends. This blend of advanced analysis helps equity researchers make quicker decisions without getting bogged down in complex datasets.
AI Opinions/Chats
Zen Ratings categorize analysis into seven key grading areas: Financials, Growth, Momentum, Safety, Sentiment, Value, and AI Factor. Stocks with an "A" rating have historically averaged a +32.52% annual return since 2003, while "B"-rated stocks (the top 20%) have delivered 19.88% annual returns. The platform also features a "Why Price Moved" tool, which offers quick, one-sentence explanations for stock price fluctuations based on news, SEC filings, and press releases.
"Zen Ratings uses advanced AI algorithms to detect patterns in market data. When combined with the traditional fundamental factors, it leads to tremendous stock price performance." – WallStreetZen
Financial Insights
WallStreetZen’s Top Analysts feature ranks approximately 4,000 Wall Street analysts based on their historical performance, highlighting the top 1% - about 130 analysts with annual returns exceeding 50%. Users can filter stock screeners to focus solely on "Strong Buy" ratings from these high-performing analysts, cutting through the noise of less accurate forecasts. The platform also offers Zen Strategies, which include pre-curated portfolios like the AI Factor strategy, boasting all-time annual returns of 48.01%.
These tools are designed to cater to investors with varying needs, offering access through flexible pricing plans.
Pricing
WallStreetZen provides a 14-day trial for just $1.00, granting full access to its Premium features. After the trial, users can choose between two subscription models:
- Premium Annual Plan: $234.00 per year (equivalent to $19.50 per month).
- Premium Monthly Plan: $59.00 per month.
There’s also a free Basic Plan with limited monthly usage of certain features. For added peace of mind, annual Premium memberships come with a 90-day money-back guarantee.
Daily Limits
Access limits depend on the chosen plan. The Basic (free) plan offers access to nearly every feature but imposes monthly caps on stock searches and report views. Upgrading to Premium lifts these restrictions, granting unlimited access to features like the A-rated stock list, the full Top Analyst database, and the "Why Price Moved" tool.
10. Trade Ideas
Trade Ideas has carved out a niche in equity research with its Holly AI, a virtual assistant designed to streamline trading decisions. Holly analyzes millions of market scenarios overnight, adapting its scanning strategies using historical data and backtesting. This results in real-time buy/sell signals and stop-loss levels, allowing traders to skip the complexity of building custom scans and focus on strategic decision-making instead.
AI Opinions/Chats
Each day, Holly AI delivers 5–8 high-probability trade ideas, leveraging over 500 customizable alerts. Tools like TradeWave Technology refine Exponential Moving Average (EMA) bands in real time, offering clear buy/sell signals. Meanwhile, the second-generation Money Machine ranks momentum stocks continuously, ensuring portfolios are optimized with the top three opportunities. These features work together to provide precise, actionable insights that fit seamlessly into broader financial strategies.
Financial Insights
Handling a massive $45 billion in monthly trading volume, Trade Ideas has become a go-to tool for many active traders. Its OddMaker backtesting feature helps users evaluate the performance of scans, entry signals, and trading plans against historical data - all without requiring coding skills. Visual tools like Stock Racing and Real-Time Stock Races allow traders to compare stock performance dynamically, identifying shifts in momentum. Additionally, the Single Stock Deep Dive compiles detailed information, such as news updates, company descriptions, and competitor lists, all in one place. To help manage risks, Smart Risk Levels provide data-driven stop-loss and exit points.
Pricing
Trade Ideas offers three subscription tiers tailored to different needs:
- The Tester: Free access with delayed data and one chart.
- TI Basic (The Blue Bundle): $127/month or $89/month when billed annually ($1,068/year), offering real-time data and up to 10 charts.
- TI Premium (The Powder Elite): $254/month or $178/month when billed annually ($2,136/year), which includes Holly AI signals, OddMaker backtesting, 20 charts, and smart risk levels.
For those seeking advanced features, the Money Machine (2nd Gen AI) requires a separate $5,000 investment once the first 100 spots are filled. Additional tools like Automated Anchored VWAP (AVWAP) and Weekly Swing Picks are available as optional add-ons.
Daily Limits
To ensure focused and high-quality insights, Trade Ideas imposes daily limits. Basic subscribers can access up to 10 charts at a time, while Premium users are allowed 20. Holly AI maintains a streamlined approach by presenting just 5–8 curated trade ideas each day, prioritizing quality over quantity.
Feature Comparison Table
When choosing an AI tool for equity research, it's essential to understand how each platform aligns with your needs. The table below compares 10 platforms across five key areas: AI-powered chat assistance, financial insights, transcript search capabilities, pricing, and daily usage limits. These tools are listed in the order they were introduced earlier.
AlphaSense's Generative Search stands out for providing analyst-level responses with access to verified premium content, making it a strong option for efficient equity research. Similarly, FinChat focuses on public company fundamentals through a conversational interface, leveraging verified data from S&P Market Intelligence. Fiscal.ai offers a "Copilot" feature that extracts insights from unstructured documents and provides updates on non-US indices.
Notably, AlphaSense offers access to over 240,000 expert call transcripts and research from 1,500+ providers via its Wall Street Insights®.
Here's a breakdown of each tool's features:
| Tool | AI Opinions/Chats | Financial Insights | Transcript Search | Pricing (US $) | Daily Limits |
|---|---|---|---|---|---|
| Calypso | AI Opinions & AI Chats with Key Debates | All financials, news, earnings previews | Full transcript search | Basic: $10/month; Professional: $399/month | Basic: 20/day; Professional: 400/day |
| Daloopa | Not specified | Automated financial models | Not specified | Contact for quote | Not specified |
| FactSet | Mercury-powered Transcript Assistant (interactive chat + AI summaries) + Conversational API | FactSet Workstation data/analytics (fundamentals, estimates, pricing, events/news, etc.) | Yes - Transcript Assistant + Events & Transcripts API (incl. near real-time + XML transcripts) | Contact for quote | Workstation: not disclosed; Conversational API: 10 queries/min, 200/hour (per user) |
| AlphaSense | Generative Search & AI Agents | Wall Street Insights (1,500+ providers) | 240,000+ expert & earnings transcripts | Enterprise/Request demo | Not specified |
| StockInsights AI | Not specified | Not specified | Not specified | Contact for quote | Not specified |
| TipRanks | Not specified | Analyst ratings & price targets | Not specified | Contact for quote | Not specified |
| Seeking Alpha Premium | Not specified | Premium articles & analysis | Not specified | Contact for quote | Not specified |
| Fiscal.ai | Copilot for unstructured documents | Non‑US indices & global data | Available | Contact for quote | Not specified |
| WallStreetZen | Not specified | Financial metrics & valuations | Not specified | Contact for quote | Not specified |
| Trade Ideas | Holly AI signals | Real‑time signals & backtesting | Not available | Basic: $89/month (annual); Premium: $178/month (annual) | Not specified |
Pricing models vary significantly. For instance, AlphaSense operates on an entitlement-based system, while Calypso offers straightforward plans, starting at $10/month for Basic and $399/month for Professional. Trade Ideas provides tiered subscriptions, with Basic plans starting at $89/month (billed annually).
Conclusion
AI tools have reshaped the landscape of equity research by automating time-intensive tasks that once dominated analysts' workloads. These advanced platforms can process enormous volumes of filings, transcripts, and news in seconds, freeing analysts to focus on critical judgment and strategic decision-making.
The efficiency gains are substantial. AI doesn't just save time - it expands research capabilities. For instance, specialized tools can save analysts up to 23.75 hours during a single earnings season, while also increasing their overall research output by around 20%.
One of the standout features of these platforms is their ability to deliver reliable, citable insights. Every AI-generated summary is linked directly to its source document, ensuring data integrity aligns with institutional standards. This transparency, combined with speed, allows firms to detect market signals and seize opportunities earlier, providing a clear edge in competitive markets.
By 2026, AI adoption is expected to be nearly universal, with 88% of organizations using AI in at least one business function. Among asset management firms, 80% are already leveraging AI-driven research tools.
These platforms represent a new era for equity research. The right AI tool not only amplifies research capacity but also upholds the rigorous standards demanded by institutional investors. The tools discussed here showcase the potential of artificial intelligence to revolutionize equity analysis and push the boundaries of what's achievable in the field.
FAQs
How can AI tools make equity research faster and more effective?
AI tools are transforming equity research by taking over labor-intensive tasks such as gathering data, analyzing it, and creating reports. These tools can sift through massive amounts of financial data, market trends, and regulatory filings in just seconds. This frees up analysts to concentrate on strategic decisions instead of getting bogged down in manual processes.
By leveraging techniques like natural language processing and machine learning, AI tools can break down complex documents, spot patterns, and deliver actionable insights quickly and with impressive precision. This not only makes workflows more efficient but also enhances the accuracy of research, giving analysts and investors a sharper edge when making informed, data-driven decisions.
What should I consider about costs when selecting an AI tool for equity research?
When selecting an AI tool for equity research, cost is a critical consideration. The price typically varies depending on the features included and the scale of your research requirements. Many providers offer tiered pricing plans - ranging from basic packages tailored for smaller firms to more advanced options designed for larger enterprises. These advanced plans often include extras like API access and custom data integration.
Some platforms let you try before you buy with free trials or demos. This is a great way to evaluate whether the tool delivers enough value to justify the cost. But don’t just focus on the subscription fees - factor in the efficiency benefits the tool might bring. Faster analysis and improved accuracy can save time and potentially lead to smarter investment decisions. Balancing these benefits against the price will help you identify the best fit for your needs.
How do AI tools ensure accurate and reliable insights for equity research?
AI tools play a crucial role in maintaining precision and dependability in equity research. They achieve this by using sophisticated data validation methods, delivering real-time updates, and offering clear transparency. By pulling insights from reliable sources like financial filings, earnings transcripts, and press releases, these tools empower analysts to cross-check and confirm the data effectively.
The integration of real-time data ensures that insights stay up-to-date, even in rapidly changing markets. Many AI systems also provide direct links to the original data sources, making it simple for users to verify the information. This blend of verified data, live updates, and accessible source references helps uphold strong standards of accuracy and credibility in equity research.
