Am looking for the formula to forecast share price targets?
Answer:
64k question. Price history and potential compared to similar variables is valuable. There is delta software that measures changes in company fundamentals. Take a look at Starbucks today. Sales up, net income up and stock drops 2+ bucks a share. Sentiment plays a huge role and it is measured by a host of indicators to indicate extremes and volatility. Like SLB and HAL today. Take a look at the volatility today. A daily price chart. Price targets using Fibbonicci numbers and Elliott Wave analysis is easily available.
try www.stockcharts.com. Read their "Chart School" section. It has a section on Price Objectives.
Good Luck
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