What's target price and how to use them?
Target price measure the expected performance of a stock during a given time period. Investment firms and analysts often use ratings to provide a stock recommendations to general public.
Analysts conclude the rating and target price after completing comprehensive research on companies’ financial statements, communicating customer and executives , and all other forms of research.
Let's take a look at what are the top stocks on different platforms and their target prices for 10/20.
The following stocks are provided byS&P 500 Movers for Tuesday (10/19).
The current stock price of
$Penn Entertainment (PENN.US)$is $81.34, while its average target price is $103.71. The average target price indicates a 27.5% upside potential. Average target price of the company rebounded this month.
The current stock price of
$Dominion Resources (D.US)$is $75.22, while its average target price is $83.90. The average target price indicates a 11.54% upside potential. Average target price of the company has been lowering since July.
The current stock price of
$Enphase Energy (ENPH.US)$is $187.06, while its average target price is $197.71. The average target price indicates a 5.69% upside potential. Average target price of the company has been rising since July.
The current stock price of
$Edwards Lifesciences (EW.US)$is $115, while its average target price is $119.18. The average target price indicates a 3.63% upside potential. Average target price of the company has been rising since July.
The current stock price of
$Deere (DE.US)$is $343.09, while its average target price is $400.83. The average target price indicates a 16.83% upside potential. Average target price of the company has lowered this month.
The current stock price of
$Ulta Beauty (ULTA.US)$is $363.35, while its average target price is $440.88. The average target price indicates a 21.34% upside potential. Average target price of the company has been rising sharply since July.
The current stock price of
$The Western Union (WU.US)$is $20.17, while its average target price is $25.93. The average target price indicates a 28.56% upside potential. Average target price of the company has been mostly flat since July.
The current stock price of
$Carnival (CCL.US)$is $22.34, while its average target price is $28.45. The average target price indicates a 27.35% upside potential. Average target price of the company has been mostly flat since July.
The current stock price of
$Marriott International (MAR.US)$is $155.02, while its average target price is $152.80. The average target price almost equals the current share price. Average target price of the company has been rising since July.
The current stock price of
$Federal Realty Investment Trust (FRT.US)$is $120.78, while its average target price is $127.29. The average target price indicates a 5.39% upside potential. Average target price of the company has been rising since July.
A price target is only an analyst's projection of a stock's future price. These projection are based on analysts' research and analysts could be wrong too.
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