There are always good independent analyst and other crook ones with a hidden agenda. I remember RBC analyst that covers PLTR who turned PLTR with a price target of $5 just about a month or two ago. 🤭
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I won't call $5 but certainly $anything above $20 is too high. Present environment does not favor growth stocks. Especially those which require a lot of cash burns still. NIO has got an interesting model with their battery swaps. But this means they need to build a whole new world of swap stations which will cost a lot.
if investors want to sell with high price, they shine positive rating.