Thomasyush
2021-11-17
Meme stock who care value. Is against Fund manager or hedge fund.
AMC Stock Price Target Raised to $6, Well Below $42 Price. Why Bother?
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Is against Fund manager or hedge fund.","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/878189750","repostId":1154956016,"repostType":2,"repost":{"id":"1154956016","kind":"news","pubTimestamp":1637157435,"share":"https://www.laohu8.com/m/news/1154956016?lang=&edition=full","pubTime":"2021-11-17 21:57","market":"us","language":"en","title":"AMC Stock Price Target Raised to $6, Well Below $42 Price. Why Bother?","url":"https://stock-news.laohu8.com/highlight/detail?id=1154956016","media":"Barrons","summary":"AMC Entertainment‘s stock price performance in 2021 has baffled pretty much everyone on Wall Street ","content":"<p>AMC Entertainment‘s stock price performance in 2021 has baffled pretty much everyone on Wall Street and beyond.</p>\n<p>In case you’ve been living under a rock, AMC (ticker: AMC) stock—a favorite among retail investors and Reddit users—has climbed more than 1,900% year-to-date.</p>\n<p>Now Citi analysts have raised their price target on the stock. That’s more good news for the shares, right?</p>\n<p>Wrong.</p>\n<p>The bank raised its target price from $5 to $6, well below Tuesday’s closing price of $42.60. For further context, the last time AMC was trading below $6 was in February this year.</p>\n<p>It cited AMC’s third-quarter revenue and earnings, which came in above expectations, along with the movie-theater company’s fourth-quarter outlook, as reasons for the raise. As a result, Citi updated its model. The stock actually fell more than 11% in a single day after earnings were reported last week.</p>\n<p>Citi maintained its Sell rating on the stock, clarifying its belief that AMC “remains overvalued at current levels.”</p>\n<p>The bank isn’t an outlier; analysts covering the stock have an average target price of $5.58, according to FactSet data, with 67% having Sell ratings.</p>\n<p>Wall Street seems intent on applying the old processes when it comes to valuing AMC stock, but it’s dealing with a different beast.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMC Stock Price Target Raised to $6, Well Below $42 Price. 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Why Bother?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-17 21:57 GMT+8 <a href=https://www.barrons.com/articles/amc-stock-price-target-raised-51637156488?mod=hp_LATEST><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>AMC Entertainment‘s stock price performance in 2021 has baffled pretty much everyone on Wall Street and beyond.\nIn case you’ve been living under a rock, AMC (ticker: AMC) stock—a favorite among retail...</p>\n\n<a href=\"https://www.barrons.com/articles/amc-stock-price-target-raised-51637156488?mod=hp_LATEST\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"source_url":"https://www.barrons.com/articles/amc-stock-price-target-raised-51637156488?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154956016","content_text":"AMC Entertainment‘s stock price performance in 2021 has baffled pretty much everyone on Wall Street and beyond.\nIn case you’ve been living under a rock, AMC (ticker: AMC) stock—a favorite among retail investors and Reddit users—has climbed more than 1,900% year-to-date.\nNow Citi analysts have raised their price target on the stock. That’s more good news for the shares, right?\nWrong.\nThe bank raised its target price from $5 to $6, well below Tuesday’s closing price of $42.60. For further context, the last time AMC was trading below $6 was in February this year.\nIt cited AMC’s third-quarter revenue and earnings, which came in above expectations, along with the movie-theater company’s fourth-quarter outlook, as reasons for the raise. As a result, Citi updated its model. 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