GREY:XEBEQ - Post by User
Post by
tamaracktopon Mar 27, 2022 6:12pm
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Post# 34550326
Let's go back a year...
Let's go back a year...Back to March 15th, 2021 actually.
Here's an interesting post from someone who's long gone.
The stock had closed at $4.84 that day.
Think about what the fundamentals have done since then, and what the stock price has done.
Read this post and try to tell me that analysts don't just revise their targets to follow the stock when their original targets are way off, in both directions. Targets decent
After cutting his 2021 and 2022 financial projections, Mr. Lynk dropped his target for Xebec shares to $6 from $10. The average is $8.66.
Elsewhere, Raymond James’ David Quezada lowered the stock to “outperform” from “strong buy” with a $7.50 target, down from $14.50.
“While the news is clearly disappointing, the forward-looking impact is mitigated by increased diversification in the business from recent acquisitions. We believe the share price reaction is overdone,” he said.
TD Securities analyst Aaron MacNeil cut his target to $10 from $17.50 with a “buy” rating, while National Bank Financial’s Rupert Merer lowered his target to $6 from $7 with a “sector perform” recommendation.
I rest my case