Lol. These Wall Street “Analysts” are so full of shet, it’s laughable. A few years ago, all these “experts” were rating AMD at a sell when the stock price was $3.50-$4/share, and many were saying they would be going bankrupt soon.
That $4/share share turned into $10-15/share when Ryzen 1xxx series came out. The analyts then said it was still a sell and the stock was going to cave back down to $5/share. Then Epyc Rome came out… Then the stock jumped to the $20ies… The analysts then said the stock was a hold at $15/share….Then Ryzen 2xxx series came out… Then the stock went to the $30ies…. Then Ryzen2 3xxx series came out Epyc Rome came out that trounces Intel server solutions at half the cost, and Naples GPU that can hold weight against Nvidia, all on 7nm while Intel is still stuck on 14nm+++++++++ And now that the stock is at a ridiculous $40/share with a P/E of 212, all the analysts are changing their tune and putting all this analysis data on why this stock is close to a $50/share stock and it’s suddenly a “buy”
Really?
Morale of the story. Analysts have no idea what they are doing and all those fancy data/charts they use to back up their stock price assertions is just selective picking of data to get the data to “fit” the assertions, regardless of how ridiculous those assertions are.
I’m sorry, this is the most absurd thing imaginable.
Why not just set the price target at $100/share and be done with it. I wouldn’t mind. Also, I have to admit, I do enjoy watching short sellers get their asses kicked… bigtime.
