What does "target price" actually mean? Is that a target price for today? Twelve months from now? Some other time?
I've seen it a few times but I'm never actually sure what is meant by it.
Often/usually the price they ‘target’ in a years time. Also based on an assumption of what the share price will increase by in that time (usually 10%/15%)
So a target of $50 sort of means a price of $44/$45 today(depending on what increase % they use)
That’s how it was explained to me years ago by a broker
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Pre open looks a bit ugly though. Profit taking frenzy today perhaps. Match price around $45 so maybe shed a lot of the last few days gains? Always interesting to see where it opens.
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Originally Posted by Toasty
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