Is an analyst's “price target” assumed to be for 12 months out?
I wouldn't put too much stock in the guidance generically... it's more a measure of confidence in the company. When you listen to the earnings calls and start following a particular analyst, you'll understand where they come from when they kick out a number.
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### Instruction:
Is an analyst's “price target” assumed to be for 12 months out?

### Response:
I wouldn't put too much stock in the guidance generically... it's more a measure of confidence in the company. When you listen to the earnings calls and start following a particular analyst, you'll understand where they come from when they kick out a number.