12-22-2021, 09:56 AM
(12-22-2021, 08:38 AM)cemanuel Wrote: I guardedly believe analysts up to 12 months out. For individual companies/stocks. What the overall market does or might do has little impact on my investing.Completely agree. They should have a clue 12 months out, in the ballpark next year. There are times when the trend is clear farther out, but, you better discount that projection. Price targets are fun but I only look at conservative sources and cut them in half. Is the risk-reward still reasonable at that number?
It's the reason I disregard anything someone posts where they use the expected 5-yr PEG ratio in their buying decisions. Beyond a year out - 2 for very well established companies - analyst projections are no better than a coin flip and there are published research studies that show this.