Wall Street Analysts See a 33.69% Upside in ReNew Energy Global (RNW): Can the Stock Really Move This High?

According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading. The average comprises six short-term price targets ranging from a low of $7.36 to a high of $10, with a standard deviation of $0.94. Wh ...