Mr. Sam came across a tool at CNNmoney.com which provides information from a number of analysts (varies from stock to stock) as to the forecasted stock price information over a 12 month period. Seems like a handy tool, but whether it is helpful will require some analysis of our own.
For example, I own 275 shares of Citigroup (symbol: C), this forcasting tool tells me that over the next 12 months the high forecast on price is $6.50, the median $5.63, and the low $4.00. So, I'm going to watch Citigroup over the next few months and compare to this tool.
Thanks for pointing out the tool. I have found it handy already to see how my different stocks and mutual funds correlate with each other to how diversified I am.
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