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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 227.35+0.3%Dec 19 9:30 AM EST
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To: Bob Kim who wrote (74518)8/18/1999 6:50:00 PM
From: Eric Wells  Read Replies (3) of 164684
 
Thanks Bob - interesting read. Hard to believe that ML has a price target of 120 on PCLN.

By the way - is the practice of setting price targets a relatively new thing? It just seems like an odd thing to do - it would appear that a revenue or profit target would be more sensible in trying to predict future company performance. But in setting price targets, analysts are really doing nothing more than trying to predict investor sentiment. And that makes me wonder what exactly these "analysts" are analyzing?

Thanks for the link.
-Eric
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