4 ms·

Analysts predict where the stock is going in the short term based on "sentiments" and "emotion". I wouldn't bet anything on them.

• strikelaserclaw 7y ago
  if Analysts knew so much they would be rich instead of providing advice, which I've found to be hit or miss, to other people.
  • brentm 7y ago
    Of course, they might be totally off base and completely wrong and the company might go to $10 or $0. But when compared to the media who live and die by the dramatic story that garners the most interest and the markets which are amplified by many factors I personally prefer the opinion of those who at least spent time modeling it out. I also personally think transportation is a necessity and Lyft has levers it can pull which can make a big impact in their bottom line.
    • asdff 7y ago
      What levers does lyft have? If they raise the price too high, there's a point where people will go back to cabs (yellowcab has an app now, believe it or not), and now they can opt to drunkenly ride a scooter or ebike for $2-5.
  • bduerst 7y ago
    Maybe they're on their way there? Gotta start somewhere. Maybe not ridesharing IPOs though.
  • erikpukinskis 7y ago
    They do know a lot. But the work the analysts are doing is price of entry stuff. You don't make money on Wall Street by "knowing a lot" you make money by knowing one thing that one person opposite you doesn't. That means you have to know a lot of things that won't make you rich, just to prevent becoming poor.
• dd36 7y ago
  That’s not true. They do 12-month price targets based on fundamental financial analysis. It’s the short term that they’re not predicting.
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