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Fire Your Stock Analyst!: Analyzing Stocks on Your Own by Harry Domash

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Summary

Your target prices will only be as good as your estimates. Even a company’s key executives can’t accurately forecast sales and profit margins two or three years down the road, so errors are inevitable. It’s important to review your targets whenever new data becomes available.

Even with the inherent errors, calculating target prices will give you insight into a stock’s upside potential that you wouldn’t otherwise have.

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