How often do analysts review their targets? In periods of rapid price fluctuations it only takes a few laggards to make a "consensus" figure a false picture of current expectations. For those organizations that might follow a scheduled revisit to sectors on some regular basis, a published price target may sit out there for a while.
I agree that many price targets will be coming down but what would you expect in a declining economy?
S&P 500 Stocks Furthest Above and Below Consensus Price Targets [View article]
I agree that many price targets will be coming down but what would you expect in a declining economy?