Money Magazine – May 26, 2015
In Money Magazine’s Ask the Expert column, David Schneider answers a reader’s question about the accuracy of published stock price targets. He explains that price targets are not especially accurate stating that “Unless the target is close to the current price these things are pretty useless.” He bases his comments on numerous academic studies on the topic adding that in using “these target estimates to find stocks with big return potential you’re not likely to be successful”
Read more: Money Magazine
