Honestly that type of outrageous price point by an analyst makes it smell like someone is paid pumping/promoting this one.
Actually trying to jog my memory when a $4 stock was upgraded to $25 and not sure I can recall anything like this.
BTW usually when a laughable analyst rating comes out like this, it means short the piss out of it. It might have it's 15-minutes of glory @ $7.40 but if I was long, I'd be exiting.
Let's be reasonable and use at least a sliver of common sense.
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