TalkingThe recent target price upgrades, and RBC repeat of its prior comments and target price, all seem to have resulted from the Schachter 2023 ‘Catch the Energy’ Conference.
Its interesting to watch a company go from ignored to talked about.
BMO and Stifel both decided to increase their target price (even though just a little), and put that change on the newswire.
The next day, RBC decided to include themselves on the newswire, with a repeat of what they'd said earlier. Almost as if to say - we've been telling you about Obsidian too!
Its the kind of activity you see, when buy side guys start asking sell side guys questions about a company they've not been hearing about.
ie, it sounds like that chatter and awareness is increasing amongst the buy side generalists.
When people start talking about a company, that can move it from the value side, towards the momentum side of the market.