GREY:XEBEQ - Post by User
Comment by
tamaracktopon May 21, 2022 3:13pm
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Post# 34700534
RE:Digging even deeper..
RE:Digging even deeper.. Again I want to stress that I'm not demeaning or bashing Greenlane in any way, shape, or form.
That is absolutely not my intention.
My intention is to pint out the remarkable disparity in the market's evaluation of these two companies, and even more importantly to underscore my years-old point that many analysts are simply forbidden by their respective firms from setting targets more than 100% above a stock's prevailing price.
You'll see that Xebec was still trading just over $1.00 when most analysts revised their targets to $2.00
The Bank of Nova Scotia analyst was a rare departure from the norm.
It takes real guts for an analyst to issue a report suggesting 285% upside to target.
Particularly for a bank analyst when other banks are abandoning coverage.
The Scotia analyst initiated coverage with a target of $3.00 when the stock was 78 cents.
Lord help him if he's only half right.