Subject: Re: UBS Cuts 2025 & 2026 Estimates
<<I don't necessarily disagree with their IV estimate. But the price target???>>

I wouldn’t put too much faith in this, and I think the price target is pretty random. And somewhat open ended on time…which is convenient :) They WERE among the most Bullish with a price target of $606 and still ARE—having reduced it to $591. Is that downgraded from “Madly in love” to just “strongly in love”?

And the reasons for downgrade? The stock is so loved Warren & Greg might not get a good future entry price. Which is Yogi Berra-like “no one goes to that restaurant anymore, the lines to get in are forever”…

And, the observation that short rates may not stay high for long which is not exactly keen insight.

Despite these “warnings”—UBS “warns” the stock price may only rise 20% ..in an undetermined time.

This is kind of gobbledygook that qualifies as “analysis” —and moves prices a lot.