Well, far be it for me to cast stones, but the astute reader can do a search of your "fine art" from about this time last year.... and quickly learn, these upgrades aren't worth the paper they're written on. For real. That's why I tell you all the time Stoney... "learn to think for yourself." And that means ignoring the story and looking at the business.... like a friggin' business>>> that you would consider buying. Search "Lemonaide stand" or any of the possible spellings of lemon-aid posted by moi. This is why Buffet is Buffet. In the end, fundamentals matter.
Perfect example: https://elitetrader.com/et/threads/gba-presents-the-bare-essentials.365622/page-305#post-5590760 "It's trading at 300X EV/ebitda, 16.7X sales, no free cashflow, and a negative 12% pretax margin. I mean... the lemonade stand that makes $1000/year profit that I always use as an example just went from a selling price of $60,000 to a price of $275,000. No thanks. _______________ Who would pay $60K, let alone $275K for a business that makes $1K per year in profit? Apparently many do however. But water always seeks its level. Or this one: https://elitetrader.com/et/threads/gba-presents-the-bare-essentials.365622/page-211#post-5585347 How many times have I given you my lemonaide stand lecture?!!!! If lemonaide stand makes $800/year in profit, would you buy it for $80,000?!!!! You break even in a 100 years. Water seeks its level Stoney. So many of these stocks are chased by idiots and the only people who make any money are the ones gaming the idiots. The flip side of that coin is a company like Thor. Sure everyone hates it right now. Nothing but headwinds, but the fact remains, you buy it now, and in four years you've paid it off. Everything after that is pure profit.
There's a HUGE difference between "trading" and "investing". It's ok to "trade" a pig to the upside.... but analyst upgrades are meant for investors. IRA's, 401K's, pension funds, etc. That's why they're (to quote myself above) ... "not worth the paper they're written on." Check all the upgrades between 6/21-12/21. The Millenials and Gen-X'rs are running the asylum. Clueless. >>> case closed.
6 months later it was at $25: Roblox Price Target Raised 70% by Morgan Stanley on Earnings 'Roblox's Q3 results and analyst day highlighted its early leadership in the metaverse and continued innovation,' Morgan Stanley says. Nov 18, 2021 11:56 AM EST RBLX) shares rose Thursday, after Morgan Stanley raised its price target 70% to $150 from $88, moved by its earnings report Nov. 8 and analyst day Tuesday. Morgan Stanley analyst Brian Nowak kept his overweight rating on the videogame platform. “RBLX’s Q3 results and analyst day highlighted its early leadership in the metaverse and continued innovation to capitalize on materially higher long-term monetization opportunity,” he wrote in a commentary cited by CNBC. “We were particularly encouraged by the October trends ... as we think they speak to RBLX’s better than appreciated growth runway/ability to continue growing its user base, engagement and monetization even through reopening.” The metaverse’s growth will help Roblox for years, Nowak said.
%% OK i did a google search on S+P 500 2022 targets\ + downgraded those estimates to SPY. $480, 480\ $360 -GS+$360 BAC estimates [NOT predictions;3600 on S+P 500] Its OCT -11-2022, US Columbus Day ,Canada Day Thanksgiving week Looks like the lower bids are right, so far ; 2018 bear had an up NOV. NOT a prediction.