Next from Never base your predictions on analysts' predictions 👇 I'm…

· Aug 21

Next from Never base your predictions on analysts' predictions 👇

I'm a little amused by HSBC's prediction on $NVDA stock right now. They raised their price target to $780 per share, the previous target was about $100 lower. The funny thing is that earlier in the year there was one company here that was loud and clear on Nvidia saying Sell (target was maybe $135 or $136). Do you know which company that was? 😀 Yes, HSBC.

Their price target was the lowest of all at the beginning of the year, now they have the bar the highest. Now consider that someone decided to sell according to their prediction and the share price skyrocketed to $450. And now that we're near ATH, it's a clear buy 🤦‍♂️

Willard Spencer @willardspencer Aug 21

And I thought being an analyst was something particularly difficult... and all you have to do is drink :-D

Bill Combs @billcombs Aug 24

I guess being an analyst is a tough job and you have to know a lot. Of course, it's true that sometimes the estimates and predictions look like they were written or announced by someone who drinks :D

Rickie Reeve @rickiereeve Aug 21

I'd like to hear the reasoning for the $780 price tag. Madness. 😁

Ralphie Barlow @ralphiebarlow Aug 21

I don't know about anyone else, but I don't think I'd be shopping now. As fast as it has skyrocketed, it can and I think will go down as time goes on.

Tech leads a market rally as employment stalls