So Overbought And Still Getting Price Upgrades

shungokusatsu : What's the purpose of these analyst ratings especially if they can change? Do analyst have consequences or rewards if they get it wrong or right?

102125877 shungokusatsu: They don't have to be responsible.

jimmy the trader shungokusatsu: No consequences - say what you want!

MonkeyGee : all AI pump.

SpyderCallOP shungokusatsu: It is true that you should take analyst ratings with a grain of salt. Sometimes analysts' ratings will have no effect on a stock. And analyst ratings can change at a moments notice. But sometimes, after a major event, like earnings or a Fed meeting, you will see several analysts upgrading or downgrading the company on the same day. This is when there is more validity or substance to any price target changes. When a bunch of investment banks are changing their ratings at the same time, then Inwould pay more attention to it.