TSX:HEXO.W.A - Post by User
Comment by
Rotalucepson Oct 23, 2021 6:00pm
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Post# 34041267
RE:Who would trust the target price of the analysts?
RE:Who would trust the target price of the analysts?Rotaluceps wrote: Sometime it can be useful to have an idea though I never rely on them. So far in the cannabis market, only the pumpers will rely on the analyst's rating because this their only hope.
When Jefferies gave a low target price that was reached quite fast, the pumpers were saying it was not reliable. They use analyst rating according to their situation, and only display the higher ones. As I said before, when Jefferies downgrade, watchout. I posted about it when the stock was downgraded, and the pumpers were not convinced.
Clarification. I never rely on them for my final decision.