Broker Research Reports compiles analyst reports in PDF or HTML formats for users. This allows users to download and review these detailed research reports, including average target prices and overall Buy-Sell-Hold recommendations.

While Broker Reports are limited by report availability and the inclusion of average target prices, the Forecaster product offers a broader range of recommendations beyond what's provided in PDFs or full reports. Additionally, the Forecaster dataset includes calls from institutional analysts, who typically do not provide full reports to retail investors.

In addition to target prices and buy-sell-hold recommendations, the larger dataset provided by Trendlyne’s Forecaster includes detailed information such as analyst consensus targets for revenues, profits, capital expenditures, free cash flows, and more.

Forecaster offers an extensive collection of earnings estimates from analysts covering approximately 900 companies. It provides consensus estimates for target prices, earnings per share (EPS), dividends, capital expenditures, interest expenses, depreciation, and buy/sell/hold consensus.

In short, the data available in Forecaster represents a superset of Broker Reports. For example, while Infosys is covered by 11 analysts in Broker Reports, it is analyzed by 38 analysts in the Forecaster section.