OK. I am pretty sure I asked this in here once a long time ago, but I seem to be a special combination of lazy and stupid that seems to prevent me from finding the answers and this is an "investment 101" style question but one I have always wondered about...
When an organization (like an investment firm, or an investment bank, or whatever) initiates coverage or sets a "price target" for a stock, what time frame is it they think the stock will reach that target in?
- End of the calendar year?
- End of that company's fiscal year?
- End of the company's NEXT fiscal year?
- One year from date of target set?
- Some other equally crazy number?
Please take mercy on me and remember I am just a simple caveman who some of the trolls on FOH found in a block of ice and thawed out, your fancy talk of derivatives and options trading scare and confuse me.....