Want 125% Gains? Wall Street Says Buy This Stock
Valuation and price targets can be tricky topics for investors. Two highly trained analysts can come to very different conclusions about what a company is worth and which direction its share price is headed. For that reason, I tend to ignore Wall Street's near-term forecasts. But that doesn't mean those metrics are worthless. Price targets can be a great place to start your research.
For instance, financial services firm Cantor Fitzgerald currently has a $19 price target on Latch (NASDAQ: LTCH), implying 125% upside for shareholders. That's a bold prediction. But before you make a decision one way or another, let's take a closer look at Latch.
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Source Fool.com
