PLTR Analyst Ratings – FUD, Bad Faith and abusing their analyst positions
So I was doing my DD on PLTR today and whilst going over the ownership structure and Shareholder History I did see some amusing things – I use "amusing" when I’m really fuming at this point. No need to be creative and interpret anything on this one – it doesn’t get any clearer than this.
1.) Some of you might’ve seen the Credit Suisse’s and William Blair Analyst Rating for PLTR – Underperform with a Price Target of 20 as of February 16th 2021 (Reviewed and unchanged as of March 15th).
2.) Now guess who loaded up massively on PLTR shares for the last reporting date. I’m talking the BIGGEST relative position increase for the last reporting date – they didn’t just double or tripple down, they quintupled down. Unfortunately I can’t get the exact number of shares – but my best guess is that it’s an Overweight position at this point.
Now – in which subsidiary of Credit Suisse does said analyst Chew, Yaoxian work?
Little sidenote: If you had invested based on mister Chew’s analysis, you would’ve made a whopping -8% return for the past 3 years! I honestly wonder why these guys are getting those salaries. Blacklisted the guy.
Mister Bhavan’s ratings don’t look a lot better.
If you’re reading this Chew – shame on you and if you wanna boost your accuracy and recommendation performance – maybe do your job and post an actual analysis, not just one that serves to spread negative sentiment in the hopes of lowering your cost basis. I bet you don’t give two shits about actually doing your job though.
3.) Now let’s have a look at William Blair’s trades.
And let’s have a look at William Blair’s disclosure:
William Blair or an affiliate is a market maker in the security of Palantir Technologies Inc..
William Blair or an affiliate expects to receive or intends to seek compensation for investment banking services from Palantir Technologies Inc. or an affiliate within the next three months.
Officers and employees of William Blair or its affiliates (other than research analysts) may have a financial interest in the securities of Palantir Technologies Inc.. (NO SHIT)
This whole thing is just bullshit and I seriously question why these guys even have jobs/why they’re even allowed to issue forecasts.
TLDR: The only analysts I trust are the GS analysts – the rest are full of BS, giving Sell recommendations while loading up on the respective stonks themselves (Same goes for the RBC Capital guys btw). If you issue a sell recommendation, well then at least put your money where your mouth is. Not like mister Chew was just some low tier analyst who couldn’t affect the decision of his firm to buy or sell PLTR shares – he’s a VP at CS USA LLC. Their DDs and PTs are literally worthless. Do your own DD, don’t even look at the analyst ratings or if you do, look at their track record and question if they’re pursuing some alterior motive. I’ve literally seen DDs on WSB that have been more accurate than these professional forecasts. This just goes to show that these guys are just trying to load up on more stonks at a lower cost basis by spreading negative sentiment, it’s pretty infuriating – I am legitimately pissed and hope that more people see this blatant bullshittery.
At least Goldman gives honest ratings and their actions are in line with the recommendations they issue. – Issue a buy rating – load up on stonks. Issue a sell rating – sell the stonks. How fucking hard can it be.
P.S.: I can’t reply to your comments as I don’t have enough karma, been lurking and just made my account last month. So if any mod feels cute, maybe give me the rights to comment if that’s a possibility – would be cute.
via r/wallstreetbets https://ift.tt/3qhG8Zq
March 21, 2021 at 12:48PM