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Re: JMP Securities Raises TP to $11.50 From $11.00 EOMSupposedly, the current price of the stock has little to do with the change in the target price. The $11.50 target is where the analyst says the stock price will be 12 months from now. With today's price around $11.40, the analyst is basically saying that this is dead money for the next 12 months (other than a very generous dividend which will likely be raised within those 12 months). These targets are computer generated based upon the data/model input. Analyst ratings are sometime pretty silly, and some border on the absurd. Note the Roth analyst who has Tesla's target around $100 while many others have a $1000 target. A couple of facts from JMP Securities ratings in their coverage.... Buy - 282 stocks Hold - 86 stocks Sell - 1 stock Coverage in Transition - 25 stocks One freakin' sell????? Seriously? |
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Msg # | Subject | Author | Recs | Date Posted |
4779 | Re: JMP Securities Raises TP to $11.50 From $11.00 EOM | Berner | 2 | 10/21/2021 9:50:58 PM |