Price Targets

[switze22]

When an analyst gives a "Price Target", what does that mean? The price it will hit by the end of the year?

I am thinking specifically about NA: with all its new upgrades to 80-92$

 

[peilthetraveler]

A price target is the price it will never hit. Its just a way to get the amatuers to buy the stock you are trying to unload.

 

[ByLoSellHi]

A price target is when an analcyst, oops, I mean analyst, looks at where the stock is currently priced, and then abitrarily and randomly picks a number out of his or her ass as to where it could theoretically be at some point in the future.

 

[ninjastockman]

Price targets are worthless... one of the most worthless ones is the one for YGE - take a look on yahoo finance what it's price target is ...