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Technology Stocks : THQ,Inc. (THQI)
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To: Double Dipper who wrote (2836)12/30/1997 3:34:00 PM
From: Sigmund  Read Replies (2) of 14266
 
$24 is 20% greater than $20 so that might have been the basis for it originally, but I don't recall that there was ever a good reason suggested for $24 being particularly important. Certainly the analysts had to have a target but was $24 anything more than a gut feel that $25 was a bit too high for a short term target?

I doubt that it was particularly precise...but we will see won't we?

If someone took the various analysts estimates for 1998 and applied appropriate P/E ratios, then maybe those would represent significant targets. I was wondering if that was how $24 came about. If it did, it must now have been superseded by a number based on a higher earnings forescast or at least that is what I would assume. Does anyone know?
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