Question

In your opinion, how is it possible for two different stock market experts, (having access to the same data and reports), to come up with two completely different opinions/forecasts on a Company's stock?

Answer 1

It is possible that two stock market experts with same data and reports can come up with different opinions and forecasts on a company's stock value.
We can take the following examples to understand this better:
i) Suppose that out of the two experts, one is preparing a paid equity research report and the other is preparing independent and unpaid report. The expert who is preparing paid report will take assumptions in favor of the company (that has paid the expert to prepare its stock report) even if it is not performing well. In this case there will be a difference between opinions of the two experts.
ii)If the expert is working with say a sell side firm and his/her employer gets benefits from the company on which they are preparing reports, or the company on which the expert is preparing report is a client of his/her employer. Here also the opinion will differ compared to an independent research report.
iii)While preparing reports using scenario analysis, the assumptions may differ from one expert to other this will also lead to different forecasts.