2 Biotechs That Could Double Your Money
Investment-bank analysts have been slapping lofty price targets on small-cap biotech stocks recently. More than a few targets I've seen recently suggest you could easily double your money or better.
Before you plunk down any of your hard-earned savings, it's important to understand a couple of things about biotech stock price targets. First, high targets get more attention and less hate mail, so you should always take them with a grain of salt. Also, arriving at a price target generally involves some fancy math to account for the odds an upcoming catalyst will spark a huge rally or lead to a vicious sell-off.
Before you plunk down any of your hard-earned savings, it's important to understand a couple of things about biotech stock price targets. First, high targets get more attention and less hate mail, so you should always take them with a grain of salt. Also, arriving at a price target generally involves some fancy math to account for the odds an upcoming catalyst will spark a huge rally or lead to a vicious sell-off.