Also question is, do stock analysts lie?
The simple answer is no. Countless studies, such as Inside the 'Black Box' of Sell-Side Financial Analysts, have shown that stock recommendations and the opinions of analysts like Blodget are of little value to ordinary investors and they shouldn't rely on the information to make investing decisions.
Also, can You Trust stock forecasts? You can't. Nobody can predict the future with statistical accuracy reliable enough to invest on. The future is unknowable. Remember, you must be clear on what's knowable and what's unknowable if you want consistent profitability investing into a future that's unknowable.
In respect to this, who is the most accurate stock analyst?
- 1 Canaccord Genuity's Richard Davis. Top Stock Idea: Bandwidth Inc (BAND)
- 2 RBC Capital's Ross MacMillan. Top Stock Idea: Apptio Inc (APTI)
- 3 RBC Capital's Gerard Cassidy.
- 4 RBC Capital's Matthew Hedberg.
- 5 Jefferies' David Windley.
- 6 Oppenheimer's Glenn Greene.
- 7 Oppenheimer's Brian Schwartz.
- 8 Jefferies' Brian Fitzgerald.
Are sell-side analysts biased?
Analysts' biases
A broad look at sell-side analysts' ratings shows a strong positive bias, along with outlooks that are far too short. For generations, stock brokers have made investment recommendations to clients, often backed by their firms' equity-research departments.
