This Preeminent Cryptocurrency Will Soar Nearly 2,200% in 5 Years, According to One of Wall Street's Most Famous Money Managers
A lofty prognostication from a well-known fund manager appears to have little chance of coming to fruition.
On Wall Street, optimism is something of the norm. Even though historical data tells us that not every stock is going to increase in value over the long run, there's a wide disparity among analysts between positive and negative ratings. Whereas 56% of all analyst ratings are the equivalent of "buy" on S&P 500 companies, according to Barron's, just 6% of all ratings fell on the sell side of the equation for S&P 500 companies, as of February.
These ratings, while not always accurate, typically offer investors a baseline of how institutional investors and analysts view their company and/or America's most-influential businesses.
But every so often, an issued price target by an analyst or financial pundit is so far above and beyond the current price of a security that it'll stop investors in their tracks.
