Boralex Inc T.BLX

CIBC lowers price target for BLX from $48 to $42

[Vega1357]

I posted earlier that there was no change in the price target by CIBC, as it wasn't reported by the Globe and Mail earlier. However, I've since learned that CIBC has lowered their price target to $42, This represents a 36% potential share price appreciation.

[rustyblades]

There are many psychology experiments that demonstrate a number, regardless of its accuracy, acts as an anchor. So take price targets with a grain of salt. BLX may seem undervalued compared to the share price level it reached in January 2021 fueled by the the ESG mania and Biden green agenda. Those days are gone. In the land of the here and now the landscape has changed.  I posted on this

[Vega1357]

I can't think of a better criteria to choose a stock to invest in than the analysts' price target. Although I wouldn't hang my hat on the opinion of any one particular analyst, taken together the consensus analysts' price target is a powerful tool to use. In the case of BLX the consensus price target is $45.64 which offers a 47% upside price potential. I don't know of any other

[Vega1357]

You were almost right as BLX hit a recent low of $30.04 but things are definitely going the wrong way for you today. Just think if you would have bought 10,000 shares below $30.50 how well you would be doing today. There was a good argument to be have been made for doing that just based on how oversold the stock was at that time, but you had to be too smart for your own good.