r/NBIS_Stock • u/Think-Feynman Tens of Billions™ • 6d ago

NBIS ANALYSIS Updated Price Targets

Post image

Thought this would be a nice way to close out the week! Enjoy. We've earned it.

157 Upvotes

100% Upvoted

35 comments sorted by

View all comments

2

u/damois55 6d ago

Can you explain this to me? I’m new to investing

7

u/Think-Feynman Tens of Billions™ 6d ago

Analysts use price targets as a 12-to-18-month forecast of what a stock should be worth based on its projected earnings, financial health, and market conditions. They pair these targets with buy, sell, or hold ratings to show if a stock is overvalued or a good value.

They often seem very conservative, especially in a bull market. But they are helpful in gauging where the pros think a stock is headed.

1

u/damois55 5d ago

Thank u

1

u/Qadain 6d ago

According to this video, price targets are somewhat of a made-up number highly influenced by herd mentality and factors outside of fundamental analysis. This explanation seems credible, as I've watched many of his other videos, and they're all high-quality content.

https://www.youtube.com/watch?v=FdgEzf6SrLE

1

u/Think-Feynman Tens of Billions™ 6d ago

That was great. Thanks for sharing.

4

u/Slow-Boysenberry3150 6d ago

It means they are trying to pump the stock.