I quite enjoy watching analysts' predictions. For example, for such $ENPH, which I bought in the range of $155-165, analysts gave a neutral - sell rating. Today we can see the share price is a nice $182 and now they are starting to talk about ENPH being a clear Buy 😅 ...Therefore, I don't rely on predictions.
But what I have looked at are analysts' earnings forecasts, which they are basing their prediction and buy rating on. They expect Enphase Energy to report earnings of $1.26 per share in the current quarter, a year-over-year change of +17.8%.
They estimate $729.77 million in revenue for Enphase Energy for the current quarter, indicating a year-over-year change of +37.6%. Estimates of $3.06 billion and $3.78 billion for the current and next fiscal year indicate changes of +31.1% and +23.6%, respectively.
Is anyone here holding ENPH with me? 😎
I don't rely on predictions either. Otherwise, I don't have this stock in my portfolio, but I'll definitely take a look at it.
Just a few pennies, but I'm thinking of increasing the position
I don't have a company, instead of $ENPH I have Meyer Burger, which I like their innovation and development. As you write, the predictions of some analysts are unimportant to me too.
Not a lot, but I'm also holding. But I may soon pour my gains into $EQNR.