RE:RE:Cormark technical analysis Cormark raised their target to 3.60 on January 6 after the Sensor Line acquisition. They previously raised their target in November to 3.40. It was previously raised to 3.00 on oct 20.
I do not care much for analysts as they are typically a lagging indicator. Why I do care for them is that they show up in momentum indicators and many algos pick these things up. And Cormark is picking it up in their indicators.
The best analyst report is Todd Coupland from CIBC. He has a $4 price target with a decent (albeit conservative ) bottom up analysis that does not include the Apple verdict. He at least has a $6 upside case in his report if QTRH collects its judgment from Apple. He is the one to watch if there is a settlement with Apple.
You will get a good run up the day of the announcement and then he will raise his target to $6, which will start the stampede. If there is an Apple settlement, buy everything in sight.
Then these analysts will be re upping their forecasts and price targets given the "hidden" value in the patent licensing unit that produces significant cash flow. And that could they license other carriers.