Are analysts ratings bias and manipulative? Should there be some kind of penalty impose if their ratings deviate way too far from actual market price? Afterall they are suppose to be 'professional'?

Thalos
2023-07-13

Lately, there are several analysts downgrading Sofi stocks, as today another added to the downgrade. Certainly the downgrade brings down the price, but the earlier downgrades sizzle away while market remain bullish. One ridiculous analyst even put a $3 price tag to a highly promising growth stock. The price tag was not even been reach at 2021 bear at the lowest price. 

On another case, JPM place a buy ratingof $50 for a close-to-bankrupt Carvana. These analysts aren't they not appeared to be manipulative? 

I felt there should be some kind of regulators that regulate ridiculous rating and penalise these unruly analysts as they cause unnecessary volatility movement. 

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