Forecasting Folly- Goldman Sachs Edition

Hat Tip: Ujwal

Dalal Street’s finest at Goldman Sachs are giving price targets based on FY23E EPS and P/E !

One reply on “Forecasting Folly- Goldman Sachs Edition”

It is horrible to see 24 PE at FY23 and 26 PE at FY 19 PE.
Does it not mean that the company will be able to grow only 2 PE during the 2 FYs.
It is also not the reason that most of the FIIs have earned very small return from Indian markets v/s Indian institutional investors (DII), simply because even the marquee investment advisory firms like Goldman uses such matrix for investment proposal evaluation.

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