Be warned!! Do not trust Merrill Edge reports. Their Target Prices are a scam. Target Prices are inflated so that customers would buy the stock at a high price and keep their money in the account waiting for the price to go up! Then few months later the analyst would decrease the target price (OPPS, I made a mistake in Target Price!). The customer who would have trusted the analyst would loose money!
GME -- Analyst stated Target price $56, I bought at $50... made a loss by selling at $38.
SAVE--Analyst stated Target price $80, I bought at$60....made a loss by selling at $48.
DAL--Analyst Target price $65, I bought at $49...made a loss by selling at $48.
Slowly and slowly I have lost $450,000.
Never again would I trust such legalized SCAM ARTISTS/Analyst!!!!.
NEVER DO BUSINESS WITH THESE GUYS...
I WOULD NOT want ANYONE to go through what I have suffered -- I lost $450,000 (my retirement nest)