, Columnist
Where Are These Stocks Headed? Throw a Dart
Throwing a dart is about as useful a forecasting tool as analysts' targets when it comes to some S&P 500 companies.
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With companies from Nordstrom Inc. to Dish Network Corp. potentially in play, the question arises: What's a fair price to hold out for?
Normally, analysts' estimates would serve as a useful guide. These price targets -- predictions for where a stock will trade, usually in a year's time -- generally give observers a practical sense of a company's value, plus or minus a few bucks. And for a majority of S&P 500 index members, they're within a reasonable range.