Target price on WELL

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Hi! I am new to SockTrades.

I bought some WELL recently and I have a question for you. WELL is pretty new to your list (Nov 15, 2020) and I see in your detailed report: Analysts 1 Yr Price: $8.21. I just want to make sure I understand this correctly. Your price target in 12 months is $8.21? If yes, then WELL is already at $8.12 today. Please explain! Thanks!

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Asked on December 23, 2020 10:38 am
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Thanks Mat! I thought that this could have been your own estimate (Stocktrades 1-Yr price target).

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Posted by Claude Lapointe
Answered on December 23, 2020 9:14 pm
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Hi Claude,

The 1YR estimate refers to the average one-year estimates by analysts. It is worth noting that estimates are based on information in hand and don't take into account any new acquistitions. Just because a stock matches estimates does not mean there is not more upside to be had.

Furthermore, it happens often that revisions are revised either upwards or downwards depending on where the stock is going. Case in point, since that report, the one-year estimate is now $8.51 per share.

Mat

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Posted by Mathieu Litalien
Answered on December 23, 2020 11:57 am
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