Özet:

It is of great importance for investors who want to increase their savings in the financial markets to be aware of potential investment tools. Financial analysts in the financial markets are an important application source for investors who do not have sufficient knowledge and experience in terms of their ability to collect, analyze and interpret information about investment instruments. Through interpreting the information they obtain, they make forecasts about the future value of investment instruments and become guidelines through the advice they provide to investors. In the study, the financial analysts analyzed 14,560 target price estimates and financial advice for the shares that are being traded at the Stock Exchange in January 2010 - January 2018. The data is primarily addressed in a general perspective, with the aim to analyze the performance of the forecasts according to the levels of achieving targeted prices in terms of deadlines and the types of financial advice. The relationship between the achieved prices of the Pay cent and the price forecasts of the analysts has been examined by the correlation analysis, evaluated in terms of the strength of the relationship between the two variables. The findings have shown that financial analysts are generally successful in target price for the data within the study scope. Analyst prices forecasts were more successful in the short term (in a week after the forecast was made), and they were shown to have the highest performance in the purchase advice. This study is produced from a doctoral thesis conducted at the Institute of Social Sciences of the Black Sea Technical University.

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