what does 1y Target Est mean?

At the bottom of NASDAQ quote page for STSI Star Scientific is: 1y Target Est $ 13, what does this mean? Is a mathematical estimate of what the stock value may be worth in one year based on particular market parameters?

Best Answer

jrobinson answered a question in General Market.
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jrobinson answered 4 months ago …

The 1-yr target est is the median target estimate forecast by analysts covering the stock. It gives you an idea of where the analysts think the stock will be valued a year from now. Comparing the target estimate to the current price of the stock can help you determine how much growth potential the stock has.

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