Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: H James Morris who wrote (99324)	4/6/2000 2:53:00 PM
From: Bob Kim	Read Replies (1) \| Respond to of 164684

When did these price targets start? Price targets have been around for quite some time, but the real eye-popping ones became really noticeable with Blodget's $400 target on AMZN. Merrill has specific ratings/upside potential guidelines and even a field in their stock database and report template for a price target but few of the guidelines seem to apply to Blodget. I would argue that the majority of Merrill Lynch price targets on Buy-rated stocks are determined by adding 20% to the previous close. And more than occasionally, unworkable targets are initially revised to some acceptable level by someone other than the analyst.