The Value of Forecasts
Posted: December 21st, 2023, 7:50 pm
Does anyone trust forecasts regarding the value of share prices? I must admit I do look at the forecasts provided in the FT, perhaps at their most useful and credible when there are several analysts so one can see an average expectation.
The most optimistic forecast I've seen recently is for Molecular Energies (MEN):
https://markets.ft.com/data/equities/te ... ?s=MEN:LSE
This would be a rise of 958.7% !
The most optimistic forecast I've seen recently is for Molecular Energies (MEN):
The one analyst offering a 12 month price target expects Molecular Energies PLC share price to rise to 820.47 in the next year from the last price of 77.50.
https://markets.ft.com/data/equities/te ... ?s=MEN:LSE
This would be a rise of 958.7% !