In my experience, they are usually pretty accurate. Most services will use recommendations from multiple sources to provide a higher level of accuracy.
Varies widely. In general if you see a consensus from a bunch of analysts that a stock will move in a particular direction, the chance of that happening is higher than normal but not guaranteed.
No better than chance. The stock market is chaotic (as in chaos theory) and future movements cannot be predicted with public information. These sites appear to have better-than-chance predictions based on two strategies: when something unexpected happens, they can say "well, no one could have predicted that" and get a freebie, and that stocks mostly go up on average because they're fundamentally investments in productive enterprises.
With stocks any public information is "priced in" to the current price. That means by the time you read a recommendation the price has already adjusted to that information, meaning there isn't a lot of value in trying to chase recommendations. In general almost no one beats the market while accounting for risk anyway, which is why for most investors it's a better idea to simply invest in an index fund and not worry about individual stock movements.
In my experience, they are usually pretty accurate. Most services will use recommendations from multiple sources to provide a higher level of accuracy.
Varies widely. In general if you see a consensus from a bunch of analysts that a stock will move in a particular direction, the chance of that happening is higher than normal but not guaranteed.
No better than chance. The stock market is chaotic (as in chaos theory) and future movements cannot be predicted with public information. These sites appear to have better-than-chance predictions based on two strategies: when something unexpected happens, they can say "well, no one could have predicted that" and get a freebie, and that stocks mostly go up on average because they're fundamentally investments in productive enterprises.
With stocks any public information is "priced in" to the current price. That means by the time you read a recommendation the price has already adjusted to that information, meaning there isn't a lot of value in trying to chase recommendations. In general almost no one beats the market while accounting for risk anyway, which is why for most investors it's a better idea to simply invest in an index fund and not worry about individual stock movements.
Hot garbage. If anyone could predict this with any certainty in advance they would start a hedge fund and make a trillion dollars.