Saw this today:
“Plug Power shares jumped 2.4% ahead of the bell. The hydrogen and fuel cell company’s shares got an “outperform” rating from RBC Capital, which also gave it a price target of $2 a share—it closed Tuesday at $34.08.”
So a financial firm is predicting positive results for a stock and a price target that’s 1/17th what the current price is. Can someone please explain how that makes any sense at all?
“Plug Power shares jumped 2.4% ahead of the bell. The hydrogen and fuel cell company’s shares got an “outperform” rating from RBC Capital, which also gave it a price target of $2 a share—it closed Tuesday at $34.08.”
So a financial firm is predicting positive results for a stock and a price target that’s 1/17th what the current price is. Can someone please explain how that makes any sense at all?