We examine how forecast behaviors of East Asian financial analysts in the United States would change in the face of escalated crimes against Asians amid the COVID-19 pandemic. Using a Difference-in-Differences approach, we find that the forecast quality of East Asian analysts deteriorates during the pandemic. In particular, compared with non-East-Asian analysts, East Asian analysts issue financial forecasts with lower degree of boldness, higher degree of pessimism, lower updating frequency, and less timely amidst the pandemic. Utilizing a staggered Difference-in-Differences approach, we identify Anti-Asian hate crimes and prolonged societal pressures stemming from the pandemic as the major causes for the inferior performance of East Asian analysts. As a result, the inferior forecast quality of East Asian financial analysts is negatively associated with post-earnings announcement abnormal returns. Our findings suggest that racial animus and violence against a particular ethnic group have negative effects on analyst forecast quality and market efficiency.