A fundamental imbalance exists between Wall Street “buys” and “sells.” For example, how should an investor interpret a recent upgrade of DoorDash stock and the downgrades of both Dropbox and PayPal Holdings?Logically, the ratings downgrades are probably a bad omen for Dropbox DBX and PayPal Holdings PYPL, but DoorDash’s DASH upgrade? It means less. That’s because a Wall Street downgrade is a lot rarer, and therefore carries more significance than an upgrade.
According to FactSet, just 5.6% of current Wall Street analyst ratings…
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