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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 222.55-4.4%Nov 18 3:59 PM EST
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To: Raymund W who wrote (27976)11/24/1998 8:01:00 AM
From: OtherChap  Read Replies (2) of 164684
 
Where are the analysts with their price targets of 175? Last time I checked, they pretty much all had 175 as their target.

I see none of them have raised their target, and none of them have changed their rating to a "hold."

Unless these analysts change their target or rating, they are being blatantly dishonest and doing a disservice to the investing public.

Of course the truth is nobody has the balls to put a price target of 250 or _anything_ above the current price, because they'll look like complete fools in a few weeks when that target price is suddenly 100 points out of the money. And they can't change their "buy" recommendation because they'll flat out be fired by their brokerage firms. (You can only say "buy" if you want to get future IPO or secondary business, that's the law)
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