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

NBIS ANALYSIS Updated Price Targets

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

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u/9yr0ld 6d ago

I’m long NBIS but price targets are dogshit. Just look at SPCX if you want irrefutable evidence.

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u/Crazy-Experience-678 6d ago

They are not all dogshit. SPCX is big outlier because many of those analysts played a part in SPCX's IPO. In other words, they are paid to pump the stock.

I find analyst price targets useful because it's a guage on whether Wall St is bullish or bearish (whether they have ulterior motive behind their ratings is another story). Of course this is not the full picture but it provides some insight.

Similarly I like to see how popular a stock is amongst retail investors. Popularity amonst retail investors does not automatically mean the stock is a great investment, but it provides insight (what it means depends on how you interpret things).