Season 4, Ep 9: Inside Wall Street with Tal Liani; what analysts really look for

What does a top Wall Street analyst really look for, and what makes an analyst trust a company, its numbers, and its Investor Relations (IR) team?In this episode of Investors & Relations | משקיעים בקשר, Rami Rozen and Daphna Golden sit down with Tal Liani, Managing Director at Bank of America and a leading technology analyst, for a candid look inside Wall Street after more than 30 years covering technology companies.From the dot.com bubble to the AI revolution, Tal shares what separates a great analyst from the rest: the courage to challenge the consensus, ask the uncomfortable questions, and even issue a sell rating when it’s not the popular call. As he puts it, his job is to be the little kid who says, “the emperor has no clothes”.He also reveals just how valuable IR can be to an analyst. According to Tal, 90 - 95% of the time, his needs are met by IR. He describes a knowledgeable and well-connected IRO as potentially the most valuable contact inside a company, someone who understands the business, knows where to find the right information, and can help him get what he needs. For Tal, that makes the IRO an essential partner in his research process.The conversation also tackles the reality behind “channel checks”, the challenges of IPO expectations, and Tal’s framework for identifying the potential winners and losers of AI in software. A revealing conversation about Wall Street research, IR, AI, IPOs, trust, and what analysts really look for.This episode is sponsored by Nasdaq, the leading global exchange supporting companies from all over the world, as they transition into the US capital markets with leading IR services and unique access to both US and global investors.