Price Target (TSI Networks - Daily Advice)
Investors often ask us why we don’t publish price targets for the stocks we recommend in our newsletters and investment services. After all, stock price targets commonly appear in brokerage and media reports.
There are several reasons we do not follow this practice. The main one stems from a key piece of our stock trading advice: predictions are the least reliable part of the investment decision-making process. Price targets encourage investors to rely on predictions about stocks. But big bets on predictions or opinions will always produce inconsistent results.
Instead, we continue to recommend that you focus on investment quality and diversify by following our three-part investment philosophy. That way, you protect yourself from an unforeseeable industry downturn. You also increase your chances of stumbling upon a market superstar — a stock that does much, much better than average
There’s another drawback to price targets. they can spur investors to quit buying or even sell their best picks way too early. By definition, your best picks are those that do much better than you ever expected.
Look at it this way. If it was so easy to predict share-price movements ahead of time, investing would be incredibly profitable and nobody would have to work. Of course, the universe isn’t built that way.