Kasz216 on 21 December 2012
| Train wreck said: Analyst are always behind the curve when analyzing companies. Look at Citigroup and apple for example. Most analyst during September quarter was raising their guidance and stock price for apple to the 800s, 900s and $1000 per share on the perception that the iphone 5 will destroy everything in its path like all other iphones have. Fast forward 3 months, most are scrambling to lower guidance because Apple has had many footfalls since its iPhone 5 release. The same came be said for Sony, Sharp and Panasonic. If they are continuing on paths to cost cut and reform their businesses then that's how their turnarounds can take hold. couple that with favorable exchange and favorable government policies, its the catalyst they need to get moving. |
Or you could look at BoA where most of them were head of the curve or in general the dozens of times they are right.
Analysts can be wrong, but it's a lot less often then your portraying. If analysts were behind the curve more often then not they wouldn't be analysts.
The whole point of an analyst is to analyze stuff to be ahead of the curve. If Analysts are wrong it tends not to be because of publically known data.
