- Analysts’ target prices have been well off the mark
- Might there still be a lesson from target prices?
- Lots of idea generating content
Analysts’ target prices, like most market predictions, have been found wanting in recent months.
This should never be a surprise in a bear market, given that investment banks and brokerages are usually incentivised to be bullish about the near-term prospects for stocks. But the scale of the errors in their collective price forecasting shows that even investment professionals can struggle to gauge the near-term outlook for asset values.