Analysts Price Target estimates

Hey Tom,

Analysts' price targets are moving one-year targets. They change pretty much every quarter and as such, it is hard to put any real value into them. That said, you can use them as a guide to see if analysts are bullish and/or bearish on the direction of the stock. But I wouldn't really use it too much as the targets are not all that reliable. What I pay attention to most with analysts is the commentary they have on the stock. Sometimes they will have a bearish analysis, yet raise their target or vice versa.

So all this to say, at the end of the day we don't put too much stock in the actual one-year price targets. I'm more interested in the ratings (like buy/hold/sell) and what they actually have to say about the company.

Mat