I would suggest that 'analysts' - some of whomat least are better informed, it's their career - make 'educated guesses', but still just guesses and there are some better at it than others.
Owen Bennett is the Jeffries analysts - he has a 12 month price target of $3.45. Owen's success rate with his receommdations sits at 38% and his average return on his receommdations is a -10.1%.
To put its imply, you would stand to lose an average of 10% if you based your investment choice on Owen's recommendation.
Obvioulsy, unlike a paid promoters, you'd be a foolish investor if you based your decisions on the ONE nalayst who gives Tikray a positive recommendation
There are 6 other analysts whoupdated their postion on Tikray since the Q1 report and all those have Tikray at a 'Hold'
Consensus price target on TKRY is $2.76, with only Jeffries giving anything higher.
Personally, I wouldnt rely on too many analysts - but like I said some are better than others. Analysts predcitions are just one source - if you're going to review them - do it right and not jusy pick the one that suits you.
Savage, mommocooa and quinlash?
THAT'S the best TKRY gets for promoters - should be a red flag right there..
Comment by
quinlashon Oct 19, 2024 4:36pm 
2 Views
Post# 36273313
RE:Jefferies has a BUY on Tilray
Jefferies opened the reports and reviewed the trend in fundamentals.
I would suggest the same to anyone.