Imagine you're playing darts, and you have a target (your target price) on the board.

When you hit the target, you've won and you can go home. 🚗

In the stock world, once you hit your target, then maybe it's time to call it a day and collect profits 💪

💡Target price = a target stock price that you want a stock to hit 🎯

Everybody’s target price can be different, but they’re usually set by looking at a prediction of a company’s financial future 🔍

Be careful with setting this though – nobody can predict the future. 🔮

Make your best-educated guess based on multiple resources! 🧑‍💻

For example, let’s say you bought $100 worth of Nvidia stocks.

Their forecast for the future looks good, so maybe you set your target price at $175! 💰

When your $100 turns into $175, that's when you sell!

The purpose of target prices is to give an easier way of knowing when to sell and to develop emotional discipline.

This way you don’t get greedy down the line. 🤗

What if your stock isn’t hitting your target price?

It may be time to adjust it, but it also may still need some time. 📊

Let’s say that Nvidia has only ever reached $165, so it has not hit your target price yet 😔

Do some more research, and if needed, adjust your target price, but if you really think it will get there in the long-term, don’t give up on your target so easily! 📈

Remember, patience is a virtue. If it will get to your target in the long-run, wait it out and watch your investments grow! 🌱