Post by
retiredcf on Jan 22, 2024 3:51pm
Rational Thinking
Looks like we are thinking alike.
We don't want to defend analysts much, but we think some of the blame needs to be given to investors who react to downgrades. Nothing has changed at the company. Also, CIBC's target price is still 26% above the current price. CIBC had an $11.50 target in 2021. Analysts tend to follow prices: if a stock goes down, more downgrades occur. We really pay little attention to target prices and would focus on fundamentals. WELL has 16 analysts, and on average they expect EPS to grow by 25% this year. (5iResearch)