I calculate the price I’d be willing to pay for the stock, and I try to purchase the stock with a margin of safety, a certain percentage below my calculated fair value.
You have to be careful only using favorable analyst targets.
If analysts were always right, they’d likely be much richer.
@peterjwolff Hey Peter, I’m curious how you decide what a fair price is. Do you just look at the analyst target and make sure there is significant upside?