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Asset management and fund structuring boutique

Follow the drunk analyst ?

Jun 30, 2022

After a fall of 20% since the beginning of the year, the Russel 1000 Index, a broad index of US companies more representative than the S&P 500 and widely used, appears to offer many opportunities ( at least if we believe the sell-side analysts ). Stocks where consensus expect a gain of 50% or more count in the hundreds. The median price target is 32% above its current price level, a situation last seen in in 2020 and 2009. It increasingly looks like we either have a big opportunity or a drunk sell-side analyst community that needs to cut their price targets.

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