RE:RE:RBC: Share price reaction not warrantedAnalysts ratings and the shareprice at any point in time have no connection.
The institutions they speak for play both sides of the equation so if you want to follow the analysts...you should work by their timelines even if they are incorrect 70% of the time
Are Price Targets Accurate?
Despite the best efforts of analysts, a price target is a guess with the variance in analyst projections linked to their estimates of future performance. Studies have found that, historically, the overall accuracy rate is around 30% for price targets with 12-18 month horizons. However, price targets do have the ability to sway investor sentiment, especially if they come from credible analysts.
https://www.investopedia.com/terms/p/pricetarget.asp#:~:text=Are%20Price%20Targets%20Accurate%3F,with%2012%2D18%20month%20horizons.