Post by
88guy88 on Feb 16, 2023 1:59pm
Breaking News!....Analysts are pretty much useless
Analysts have no value really....they have a target of $16 then drop it to $14 and after another bad quarter they will redce the target to $9.50 and so on.....analysts are hired by firms to basically PUMP the stocks and come up with lofty target and then adjust them up or down depending on the quarter results......can't believe they have the cahonas to even accept their salary...
Comment by
Torontojay on Feb 16, 2023 2:10pm
I have to agree with you and most of them are useless. The best liars are the motley fool journalists. You will see a click bait article that reads: "best stocks to own for 2023". Then at the bottom of the article the author discloses that he doesn't hold any of the securities. If they are so good then why don't you own them?
Comment by
88guy88 on Feb 16, 2023 2:42pm
I think they can't own them and then promote them....because its talking up their own book....if they owned 10000 shares of a company and then used the media to promote or "pump" the stock and it went up 25% and then they sold......that would be viewed as a big conflict of interest So I think they agree not to own what they promote....
Comment by
prophetoffactz on Feb 16, 2023 3:01pm
I like what appears to be a consensus of seven analysts not thinking anything is wrong with an average target price of $14, well above the current price. Add the company buying back shares and insider buying and the company indicating it is expanding to handle the growth in bookings as well as the 80% recurring revenue and it is a strong case.
Comment by
Stonksonlyup90 on Feb 16, 2023 3:09pm
Just remember to hang onto your shares as we breakout to the upside... not a lot of shares available for sale!