Post by
InvestForce on May 18, 2021 7:07am
Analyst bs target price cut
Cormark cut DDC price target from $2.05 to $1.75. I've mentioned this point about analysts getting DDC wrong and hurting the stock before. My beef isn't with DDC's long term and even short term plan. It's with analysts who effectively pumped the share price by pushing $14M revenue before its time, did so only after the shares rose to above $2, and now retrace and reprice. DDC changed nothing, it's the analysts that changed despite earnings being exponential. DDC has a very sustainable model, in my opinion. They have at least 3 years of operating cash at this level of revenue and will almost certainly have that counterbalanced by increasing revenue by this year or next. Also no debt. So, to me, analysts are just the cause of frustration and temporary price action that deserves to be ignored, at least the ones covering DDC. So don't despair or be too concerned about price reaction short term from their repricings.
Comment by
GreekTitan on May 18, 2021 8:09am
The reason I don't really follow target price for analysts is most of the time... they have an investment in the company they're analyzing... It's to their advantage to sway retail investors to invest in a company. Happens all the time. I love their reports for the indepth information and analysis they conduct... But not their share price targets...
Comment by
pkrash on May 18, 2021 12:24pm
Good to see you are full on bullish with FLT now. It took you a while but you finally came around. Welcome to the team!