Analysts with ridiculous calls, come of as super-dumb. What might be really transpiring behind the call?
Super Dumb: Why?
Cuz they upgrade at the top and downgrade at the bottom and does make them look stupid.
Super Smart: Why?
Cuz, it is not a coincidence that this happens over and over again with multiple stocks, different analysts and the markets. it is almost like they have a clientele that front-run the trades (BUY/COVER or SHORT/SELL) based on the calls that are going to follow. It is one of the best ways to screw retails off their $$$$
There are some analysts that have made some decent calls, but that is far from the norm.