Case studies › ASML
The analyst note pile for ASML, Alibaba and Intuitive Surgical has one common flaw
A price target without a sensitivity table is an opinion with a decimal point. It tells you the author's conclusion and nothing about what would move it.
The useful test is small: name one input, move it 10%, and see whether the conclusion survives. Where the answer is no, the target is a restatement of the current price path.
Three names from three sectors showed the same absence this week. It is not a criticism of the calls, only of their precision.
Written from public disclosure. Where a figure is quoted it is the company's own, dated in the text; no figure here is a forecast by Lothbury Research.
Published for information only. Nothing here is investment advice or a recommendation. This note is not prepared in accordance with the legal requirements designed to promote the independence of investment research. No position is held in the security covered.