Introduction

A price target plays an important role for investors to enter and exit stock positions wisely, as it was determined by analysing the potential of a stock based on its historical and projected earnings. Investors normally obtain the information of price targets from various research reports released by investment analysts from different investment banks and brokers. Hence, the research on price targets can be a time-consuming work for most of the investors.

Price target research can be easier now than ever, as a consolidated price target research is available in MQ Trader system! In this blog post, let us show you how to track the price target calls and their correlation to the stock price in the price chart easily in a glance.

What is Price Target?

A price target of a stock is the price level of a stock projected by an investment analyst or advisor. The price target is determined based on the consideration on the stock’s future supply and demand, technical levels and fundamentals. Most of the time, investment analysts publish the price target along with the buy/sell recommendations in their research reports. These reports will normally act as one of the references for investors to determine their own price targets for making their trading decisions based on their judgement and interpretation.

How Price Targets are Determined?

Most of the price target research reports have different price targets, buy/sell calls and recommendations. Why could this happen? This is because different analysts use various valuation methods and consider different economic forces to come out with their price targets. Thus, price targets are basically a guess by financial analysts on the stock prices by using their own calculation and prediction based on the stocks’ prospect.

Example

Price targets often influence the price of a stock. We will show you the example by using TOPGLOV.

TOPGLOV Daily Technical Chart

According to TOPGLOV’s daily technical chart, there is a sharp increment in its share price with remarkably high buy volume on 18 Dec 2019. As an investor, we know that it must be a reason behind this positive market sentiment towards this stock. We will start to investigate the reason by identifying whether there is any positive news that act as a catalyst to boost the share price.

First of all, we can check the presence of new research reports published by financial analysts from Price Target in MQ Trader system.

Consolidated Price Target Research on TOPGLOV

As a result, the market sentiment on TOPGLOV recovers, as the share price immediately reflects the positive momentum after the release of research reports.

Conclusion

Price targets can be used as one of the key references for investors to make investing decisions. To respond to the change in the market sentiments as fast as possible, MQ Trader consolidated price target can help us to gather and summarise the price target research by most of the financial analysts, so as not to miss the opportunities in the stock market.

MQ Trader system also equips users with various trading strategies to capture opportunities with buy and sell signals. To know more, please read Introduction to MQ Trader Trading Strategies.

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MQ Trader stock analysis system uses Artificial Intelligence (AI), various technical indicators and quantitative data to generate accurate trading signals without the interference of human's emotions and bias against any particular stock. It comprises trading strategies which are very popular among fund managers for analysing stocks. 

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