I've been researching companies on cnn business. I've noticed that chinese tech companies seem to have ridiculously optimistic forecasts. Are these forecasts justifiable?
NTES- 33 analysts forecasting +645% in 12 months
PDD- 35 analysts forecasting +604% in 12 months
JD- 43 analysts forecasting +585% in 12 months
BABA- 54 analysts forecasting +621% in 12 months
Edit: NIO- 14 analysts forecasting +486% in 12 months
Submitted August 29, 2020 at 08:32PM by Construction_Fire https://ift.tt/3bgyxVa
