I’ve been looking at price targets, as reported by P123, and in several cases the values seem extremely high, especially for non-US based companies. As an example, Nasdaq.com reports the 12 month price target for Yatra Online (YTRA) as $8.50. Yet P123 reports the mean price target as $533.59. If the latter figure is actually in Rupees, the number align more closely. Is there a currency issue or is something else going on here?
bump
Investigating. There’s certainly a problem with PT. Estimates seem ok. Thanks
We found the problem. The price target is in a different currency albeit being tied to the trading item in USD. It’s a situation we did not consider and affects about 300 stocks, about 80% CAN/USD fx.
We will correct the latest values by tomorrow, and they will be correct going forward.
Historically price targets remain wrong. They will be corrected when (within a month) we do an entire rebuild of the estimates to address other issues that have emerged (Stocks missing in Universe & Missing snapshot data )
Thanks again.
Fantastic! Thanks for fixing this issue.