$Sunshine Biopharma Inc.(SBFM)$
The average one-year price target for Sunshine Biopharma, Inc. is $30.6. The forecasts range from a low of $30.30 to a high of $31.50
A stock’s price target is the price at which analysts consider it fairly valued with respect to its projected earnings and historical earnings. Analysts typically set price targets that correspond to their buy or sell recommendations.
To come up with their price target, an analyst must first determine the stock’s fair value. A common way that analysts calculate the price target for a stock is by creating a multiple of the price-to-earnings ratio. To calculate this, analysts will multiply the market price by the company’s trailing 12-month earnings.
For a company with a 12-month earnings growth rate of 10 percent and a stock that is trading at $30, the multiplier would be 1.10. Based on this information, a possible price target would be:
1.10 x 30 = $33.
Fintel price targets are generated from a collection of forecasts made by different analysts. We provide the high, low, average, and median values for the stock.
Comments