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‘I feel like a sucker’: I bought stock for $18 after an IPO. The underwriter’s brokerage house had a $30 price target. It fell below $1. How could they get it so wrong?  

Por: MarketWatch Politics March 17, 2023

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Didn’t the analyst, a professional, do due diligence before releasing such a high price target to the public? It seems they put a high price target to generate interest in the IPO. Is this ethical? Granted, other firms cut their price targets on the stock a lot also, but the underwriter had the highest target. I feel like a “sucker” purchasing it so high. Feeling Like A FoolDear Feeling, The underwriter wants to make money. The management... + full article



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