Q: Why is stock down 5% today, after decent earnings ?
The most severe downgrades seem to come from Jefferies ( $4500 from $5850 and RJ ( $4300 from $5250), although most other analysts have made only moderate changes.
As you mentioned in your comments, stock has seen the largest drawdown in its history, now almost 40%, from its high, on the back of AI related concerns and CEO stepping down.
Do you foresee any meaning recovery/catalysts, over next 12 months, or it would be prudent to lighten up based on its horrible technicals ?
Thanks
The most severe downgrades seem to come from Jefferies ( $4500 from $5850 and RJ ( $4300 from $5250), although most other analysts have made only moderate changes.
As you mentioned in your comments, stock has seen the largest drawdown in its history, now almost 40%, from its high, on the back of AI related concerns and CEO stepping down.
Do you foresee any meaning recovery/catalysts, over next 12 months, or it would be prudent to lighten up based on its horrible technicals ?
Thanks