Triple Upgrade Today

Julia G M : I am expecting stellar performance. If miss this thing could capitule but looks like the bullish bias surpasses everything here

10baggerbamm : you need to delve into and I don't have time but this is very important. what happened to palantir a few days before they announced their earnings is several companies came in out of nowhere and raised not only their price Target but raise their revenue and earnings that they were anticipating the company releasing on their quarter. when they did this it's skewed the data that is calculated by the algorithmic trading that takes place instantaneously by all of these hedge funds and institutional traders. it generated numbers in the 11th hour if you will that were much higher than any one forecasted by the company or any of the analysts prior to and as a result produced results once the actual numbers came out of an earnings Miss. and what's speculated is that those companies that raised in that 11th hour all had serious put positions that they just bought because they understood that they're going to skew the numbers outside making what would have been a beat turn into a miss. so where I'm going with this is you need to look at those three companies and not just look at their price Target increase cuz I saw that in the news but look to see how much they increase their revenue and earnings because the same thing may be taking place with Nvidia right now that took place with palantir

Jensen Huangg : Ok

SpyderCallOP Julia G M: agreed

SpyderCallOP 10baggerbamm: I agree with what you are saying. A lot of the times, I believe that these analyst upgrades or price target changes are used simply to provide entry and exit liquidity for smart money. The same goes for hyped up media stories. When smart money needs to buy, they will use the media or analyst to bring out the sellers. Conversely, when smart money needs to sell, then they use these same tools to bring out the buyers. These are just a couple of the tools in the toolbox of smart money.
I will admit that not all of these upgrades and downgrades are used coersively. Sometimes, these upgrades or price target changes are obviously legit. For example, after a company reports really good or really bad earnings and/or guidance, then many analysts will quickly change their price targets accordingly shortly after the earnings release. You will also see this sometimes happen following a major geopolitical or macroeconomic event that can cause big changes in financial markets.