Stocks Sites
Are there any sites that rank stocks by highest expected return according to one year target price?
http://finance.yahoo.com/q?s=nvlt.ob
Yahoo, for example, lists a target price–what Yahoo thinks the stock will be at in one year. It predicts this stock I found will be at ten times in one year what it is now. That is obviously very impressive and leads me to ask: are there any sites that rank stocks in order of highest expected return by target price?
Thank you.
It predicts this stock I found will be at ten times in one year what it is now.That is obviously very impressive ….
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haha. Are you being sarcastic? That is impressive for being wrong would be my guess. It is known that forward looking estimates tend to be far too high in a recession.
In January last year they were predicting growth by the end of last year.(and the year before and the year before that). They were predicting earning of $120 for the S&P 500. By December with the market crashing and recession in full force they were predicting earnings of $80. They came in at $48! Very bad.
One thing that is happening right now is that those estimates were so wrong and so slow changing that they are still lowering those estimates for the future although for some companies they have improved. The estimates haven’t caught up yet to reality.
Too bad you can’t see what they predicted for last year or you would see how bad they were. Those estimates are better in more normal times, but worthless, imo, right now. That is, unless you understand they still too high and coming down.
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