Price target

A price target is an estimate, usually published by a Wall Street analyst, of what a stock's price is expected to be at some point in the future, typically twelve months out. It is generally derived from the analyst's own valuation model and earnings forecasts.

Price targets are frequently revised as new information comes in, and they vary widely between analysts covering the same stock, so a single price target is best treated as one data point and one person's estimate, not a guarantee or a precise prediction of where a stock is headed.