A Price Target is an analyst’s prediction of what a stock’s price will be in the future.

It’s like a weather forecast for a stock 🌤️

Price targets are closely related to Analyst Ratings – in fact they’re usually included in the same reports that analysts release 📝

If an analyst comes up with a price target above a stock’s current price, they may place a “buy” recommendation, and if it’s below, they may recommend to “sell” 📊

Much like when determining ratings, analysts come up with price targets by diving deep into company analysis, financial health, industry standing and growth potential.

They don't stop there; broader market trends and the economic climate can also play a part in their forecasts 🌍

Remember, just like weather forecasts, price targets are educated guesses.

Even the sharpest researchers can't predict the market with 100% accuracy. 🎯

But not all targets are created equal, the credibility of the source matters a lot!

Big-name financial firms, like Goldman Sachs and Evercore, tend to offer more reliable insights. 🏦

Bloom shows you price targets under analyst ratings on stock pages! View which firm released the price target, as well as the stock’s price when the target was released.

Check it out for Amazon 🚀