Forecasting Folly:Goldman Sachs Edition

Around a year back, Dalal Street’s finest at Goldman Sachs came out with a list of “high conviction” picks.

Leading the recommendations was that poster boy of Corporate Governance-DLF which was then quoting at 167 Rs/share.

Goldman Sachs gave DLF a target price of Rs.292 to be hit in the next 12 months-a potential upside of 74.5%

Yesterday,DLF closed at Rs.120.7 per share.

Forecasting Folly, anyone?

One reply on “Forecasting Folly:Goldman Sachs Edition”

A fine example that too of a very esteemed firm, which validates that forecasting stock prices is futile. Price & Money management is the only key to success in the stock market.

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