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Re: JK2016 post# 1897

Wednesday, 09/09/2020 9:36:22 AM

Wednesday, September 09, 2020 9:36:22 AM

Post# of 2948

If there’s a $100+ price target why does this sit under $50?

Sell-side analysts generally set a lofty price target that’s well above the current share price, and most seasoned investors don’t take the number seriously.

In this instance, I commented on Roth’s price target only because it happened to be close to my own 2019 calculation of what ENTA could get in a potential buyout, based on reasonable assumptions about cost synergies.

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