‘I feel like a sucker’: I bought stock for $18 after an IPO. The underwriter’s brokerage house had a $30 price target. It fell below $1. How could they get it so wrong?

MarketWatch

2 months ago

‘It seems they put a high price target to generate interest in the IPO.’

I purchased a stock when it went public last year. A major brokerage house was the underwriter and had a price target of $30 on the stock. I thought it was a good idea to purchase the stock at $18 as…

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