Odaily reported that Serenity, known online as the “White-haired Stock God,” posted on X to criticize Wall Street brokerage Bernstein. Serenity said Bernstein’s bearish stance on Kioxia, along with its forecast that the stock price could fall by 50%, was “highly unreliable.” The criticism focused on Bernstein’s market-facing research view and whether such reports are aligned with the interests of ordinary retail investors.
Intel Target Price Cited as an Example of Misjudgment
Serenity pointed to Bernstein’s previous coverage of Intel as a reason to question the reliability of its judgment. According to Serenity, Bernstein had assigned Intel a target price of only $36 in January this year, while Intel’s share price has now risen to around $118. Serenity said this gap showed a clear deviation in Bernstein’s earlier assessment, and argued that retail investors should not simply accept the firm’s pessimistic view on Kioxia.
Serenity added that investors should remain cautious when reading institutional research reports aimed at retail audiences. In Serenity’s view, such reports are not necessarily designed to help ordinary investors make correct decisions, and more often reflect an institution’s own stance as well as its positioning within the contest over market expectations. The message was that investors should read Wall Street brokerage opinions together with the institutional interests behind those opinions.