The analyst did not "heavily inflate" his target price. He analysed the business and its prospects and then forecast what he believed the business potentially to be worth. His reasoning and calculations are detailed for all to read in his research note.
It makes sense to have a manager that has researched the business and believes it has strong potential. You wouldn't appoint a manager who didn't know anything about the business and couldn't explain it to investors.
YOJ Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held
