Analysts’ opinions are quite important when it comes to stock prices. An upgrade or downgrade can quickly move a stock’s price and lift or lower an analyst’s target price. The target price can also guide investors as to the potential long-term appreciation or depreciation of a stock.
But the best analysts are only right about 50% of the time. And what does an investor do when the same analyst is the most optimistic or pessimistic among fellow analysts about several stocks in a particular sector?
-copy-dd1f2bf0.jpeg?w=600)
