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. 🤭
EV Stocks TSLA, NIO, RIVN See Price Targets Slashed
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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.