Q: Tantalus Systems (GRID). Some guests on BNN put a price target on stocks.
Could you put a price target on GRID?
Thank you.
Could you put a price target on GRID?
Thank you.
5i Research Answer:
We are not that fond of target prices. They typically cause investors to sell too early. We do not view 'because it is up' as a reason to sell. The buyers of a stock that has doubled are not buying because they expect to lose money. With good momentum, and a normal market, GRID could likely see $5.00 over 18 months if it executes well.