Post by
flyman12 on Jul 25, 2023 11:39am
Analysts
I am presently looking at the TD Webroker site.
They show 7 analysts stating their target price.
They range from 69.64 to 103 dollars.
The first 2 have reiterated theirs target price on July 18th and 19th. So 1 day apart.
The first is citi bank 70.00 the second is RBC at 103. Dollars.
How can anyone take these guys seriously. Exactly how do so-called analysts look at the same stock and come up with target prices that are 33 dollars apart? Can someone here explain that.
Comment by
Form001 on Jul 25, 2023 11:43am
Easy, they don't give the same ratio of EV/EBITDA. It's always the same problem with analysts, you can't do anything about this.
Comment by
flyman12 on Jul 25, 2023 11:51am
If everyone is using different criteria basically what you're saying is that they have the same credibility as anyone on this board predicting that the share price will be 200 bucks.
Comment by
Form001 on Jul 25, 2023 11:55am
When the SPX index is going higher (Bull market) analysts change there ratio, BBD should go to 200.00 and more end of 2024 if we don't have a big recession.